Map of World Oil Reserves: Understanding Global Oil Reserves

World Oil Reserves - Ranking of Countries by Proven Oil Reserves

Oil is one of the most important natural resources in the world. It is used to power transportation, generate electricity, and produce a wide range of products, from plastics to cosmetics. As a result, the countries that possess significant oil reserves are often major players in the global economy.

The table below ranks the countries of the world by their proved oil reserves. The term "proved reserves" refers to the amount of oil that can be recovered from known reservoirs with existing technology and at current prices.

At the top of the list is Venezuela, which has the largest proven oil reserves in the world, followed closely by Saudi Arabia and Canada. Together, these three countries hold over 50% of the world's total oil reserves. Other countries with significant oil reserves include Iran, Iraq, Kuwait, and the United Arab Emirates.

Oil Reserves by Country

Rank	Country	Proved Oil Reserves (Billion Barrels)
1	Venezuela	303
2	Saudi Arabia	267
3	Canada	170
4	Iran	157
5	Iraq	145
6	Kuwait	101
7	United Arab Emirates	98
8	Russia	80
9	Libya	48
10	Nigeria	37
11	United States	35
12	Kazakhstan	30
13	China	25
14	Qatar	25
15	Brazil	15
16	Algeria	12
17	Mexico	10
18	Angola	10
19	Azerbaijan	7
20	Norway	6
21	India	6
22	Oman	5
23	Indonesia	4
24	Malaysia	4
25	South Sudan	3
26	Syria	3
27	Colombia	2
28	Egypt	2
29	Argentina	2
30	United Kingdom	2
31	Gabon	2
32	Yemen	2
33	Congo (Brazzaville)	2
34	Chad	2
35	Thailand	1
36	Denmark	1
37	Brunei	1
38	Equatorial Guinea	1
39	Trinidad and Tobago	1
40	Uganda	1
41	Turkmenistan	1
42	Uzbekistan	1
43	Australia	1
44	Syria	1

Related Links

• Countries with Largest Oil Reserves
• Where is Crude Oil Found
• World Oil Production
• World Oil Imports

Last Updated on: April 28th, 2023