Proven oil reserves are those quantities of petroleum which, by analysis of geological and engineering data, can be estimated with a high degree of confidence to be commercially recoverable from a given date forward from known reservoirs and under current economic conditions.

Contents

• Sources
• Countries
• See also
• References

Some statistics on this page are disputed and controversial — different sources (like OPEC, CIA World Factbook and oil companies) give different figures. Some of the differences reflect the different types of oil included. Different estimates may or may not include oil shale, mined oil sands, or natural gas liquids.

Because proven reserves include oil recoverable under current economic conditions, nations may see large increases in proven reserves when known, but previously uneconomic deposits become economic to develop. In this way, Canada's proven reserves increased suddenly in 2003 when the oil sands of Alberta were seen to be economically viable. Similarly, Venezuela's proven reserves jumped in the late 2000s when the heavy oil of the Orinoco Belt was judged economic.

Sources

Sources sometimes differ on the volume of proven oil reserves. The differences sometimes result from different classes of oil included and sometimes result from different definitions of proven. (The data below does not seem to include shale oil and other unconventional sources of oil such as tar sands. For instance, North America has over 3 trillion barrels of shale oil reserves,^{[ citation needed ]} and the majority of oil produced in the US is from shale^{[ citation needed ]}, leading to the paradoxical data below that the US will finish all its oil at 2024 production levels in 10 years.)

Countries

Reserve amounts are listed in millions of barrels.

Proven reserves (millions of barrels)

Country	U.S. EIA [8]	OPEC [9]	BP [10]	Others	Oil production Feb 2025 (thousands of bbl/day) [11]	Years of production in reserve
Venezuela *(OPEC)	304,000	303,220	303,800		940	886.0
Saudi Arabia *(OPEC)	267,000	267,230	297,600		9,058	85.0
Iran *(OPEC)	209,000	208,600	155,600		4,270	125.0
Iraq *(OPEC)	145,000	145,020	175,000	147,000 [12]	4,331	97.0
Canada *	170,000	4,731	172,200	171,000	4,788	74.0
United Arab Emirates *(OPEC)	113,000	113,000	97,800		3,630	79.0
Kuwait *(OPEC)	102,000	101,500	101,500		2,525	111.0
Russia *(OPEC+)	58,000	80,000	107,800	80,000 [13]	9,795	22.8
United States *	74,000	55,251	68,800	48,000	13,240	12.7
Libya *(OPEC)	50,000	48,773	48,800	42,000	1,348	95.5
Nigeria *(OPEC)	37,000	37,500	37,100		1,580	64.2
Kazakhstan *(OPEC+)	30,000	30,000	30,000		2,132	38.6
China *	26,000	27,000	26,000		4,340	16.7
Qatar *	25,000	25,244	25,244		1,310	52.8
Brazil *(OPEC+)	13,000	12,634	13,000	16,848	3,488	10.9
Algeria *(OPEC)	12,000	12,200	12,200		1,130	29.3
Guyana *	11,000			11,000	625	48.2
Ecuador	8,300	8,273	8,000		469	48.2
Norway *	7,000	7,573	8,500	8,120 [14]	1,733	11.9
Angola *	2,600	2,550	7,800	9,000 [15] [16] [17] [18]	1,065	14.1
Azerbaijan *(OPEC+)	7,000	7,000	7,000		581	33.0
Mexico *(OPEC+)	6,000	5,558	10,800	9,700	1,711	12.8
Oman *(OPEC+)	5,400	5,373	5,300		986	14.9
India *	4,600	4,495	5,680	4,409	607	22.6
Vietnam *	4,400	4,400	4,000		160	75.3
South Sudan(OPEC+)	3,800		3,500	3,500 [19] [20]	80	125.0
Malaysia *(OPEC+)	3,600	3,600	3,600	5,542	494	22.7
Egypt *	3,300	4,400	3,500	3,300 [21] [22] [23] [24]	508	19.6
Yemen *	3,000		3,000		15	548.0
Argentina *	3,000	2,838	2,500		746	10.1
Congo * (OPEC)	1,800	1,811	2,900	180 [25]	242	18.9
United Kingdom *	2,500	1,800	2,800	2,618	660	11.0
Syria *	2,500	2,500	2,500		35	196.0
Uganda *	2,500				0	–
Indonesia *	2,500	2,250	3,600	3,497	576	14.3
Australia *	2,400	1,803	4,000	4,002	235	35.6
Suriname	2,400	2,400	2,400		12	548.0
Colombia *	1,800	2,040	2,300	2,020 [26] [27] [28]	756	7.4
Gabon *(OPEC)	2,000	2,000	2,000		220	24.9
Chad *	1,500		1,500		128	32.1
Turkey *	1,400			1350	124	30.9
Sudan *(OPEC+)	1,300	5,000	1,500	1,250 [29] [30]	30	207.0
Brunei *(OPEC+)	1,100	1,100	1,100		107	28.2
Equatorial Guinea *(OPEC)	1,100	1,100	1,100		88	34.3
Peru *	900		1,400	1,489	46	72.0
Ghana *	700			660 [31] [32]	186	10.3
Romania *	600		600		53	31.0
Turkmenistan *	600	600	600		191	8.6
Uzbekistan *	600	594	600		30	54.8
Pakistan *	500			236	62	16.3
Italy *	500		600	595	93	16.2
Denmark *	400	439	600	550	55	24.9
Tunisia *	400		400		27	40.6
Ukraine *	400		400			152.0
Thailand *	300		400		158	6.1
Trinidad and Tobago *	200		700	830	51	31.0
Bolivia *	200			210	18	31.2
Cameroon *	200			200 [33] [34]	60	9.1
Timor-Leste *				719 [35] [36]	2	985.0
Belarus *	200	198			26	21.1
Bahrain *(OPEC+)	200			186.5 [37] -124.6 [38] [39] [40]	182	2.6
DR Congo *	200			180 [41] [42] [43] [44]	16	32.5
Mongolia *				2,438	14	477.0
Papua New Guinea *	200			158	32	17.1
Albania *	200			150 [45] -120 [46] [47]	12	35.9
Chile *	150			150 [48] [49] [50]	2.1	196.0
Niger *	200			150 [51] [52] [53]	88	5.5
Spain *	200			150 [54] [55]		6.2
Myanmar *	100				5.6	58.7
Philippines *	139			138.5 [56]	0.5	762.0
Netherlands *	100			141	22	17.6
Cuba *	100			124	26	13.1
Germany *	100			229	32	14.1
Poland *	100			151	18	19.0
Ivory Coast *	100			100 [57] [58] [59]	37	7.4
Guatemala *	86				5.5	43.3
Serbia *	77				12	17.7
Croatia *	71			71 [60] [61]	9.2	21.1
France *	83				10	20.6
Japan *	44				3.4	35.6
New Zealand *	40			41 [62] [63]	7.2	15.4
Kyrgyzstan *	40			40 [64] [65]	5.7	19.2
Austria *	35				9	9.4
Georgia *	35			35 [66] [67]	0.2	480.0
Bangladesh *	28				3	–
Mauritania *	20			20 [68] [69] [70]	0	–
Senegal *				1,030 [71] [72]	100	28.2
Bulgaria *	15			15 [73] [74] [75]	1	41.1
Czech Republic *	15	15.0		15 [76]	1.3	31.6
South Africa *	15	15		15 [77] [78]	0.4	103.0
Israel *	12			12	15	2.2
Hungary *	12			35	24	5.4
Lithuania *	12			12 [79]	0.7	47.0
Tajikistan *	12			12 [80] [81]	0.3	110.0
Greece *	10			10 [82] [83]	1.5	18.3
Slovakia *	9					3.4
Benin *	8			8 [84]	0	–
Belize *	6			6.7 [85] [86]	0.8	23.0
Taiwan *	2.4				0.2	32.9
Barbados *	1				1	4.2
Jordan *	1			1		8.3
Morocco *	1			0.684 [87]		92.3
Estonia *				16 [88] [89]		1.9
Kenya *	600			585 [90] -560 [91]		–
Sierra Leone *				20,000-15,000 [92] [93] [94]		–
Mozambique *	0			15 [95]		–
World	1,720,000	1,585,187	1,793,424		82,645	19–22

* indicates links to "Oil reserves in Country or Territory" or "Energy in Country or Territory" pages.

See also

• List of countries by oil extraction
• List of countries by oil consumption
• List of countries by natural gas proven reserves

References