Global Oil Reserves

Introduction

(click image to enlarge)

Reserve values are in billion barrel units.
Year 2016


Venezuela300
Saudi Arabia 267
Canada 171
Iran 158
Iraq 143
Kuwait 102
United Arab Emirates 98
Russia 80
Libya 48
Nigeria 37
United States 35
Kazakhstan 30
Qatar 25
China 25
Brazil 16

Source: EIA Beta International


The above chart is for proved oil reserves in the specified countries. A "proved" reserve is one which has at least a 90% probability of production, within the constraints of modern technologies, current costs of production, and political conditions.