Top Ten Oil Reserves Countries

Top 10 Countries with Biggest Oil Reserves
Going by the latest data, Venezuela is the country with highest reserve of crude oil in the world. This South American nation has surpassed Saudi Arabia by a margin of 30 billion barrels. Canada is the only North American nation in the list. It is at the third position with 171 billion barrels of proved reserve. Iran and Iraq rank 4th and 5th respectively. Russia finds itself at the 7th position with a proved reserve of around 103.2 billion barrels. Two African nations – Libya and Nigeria – have proved reserves of 48.4 and 37 billion barrels of crude oil.

Top Ten Oil Reserves Countries (At end 2015)

Rank	Countries	Thousand million Barrels	Share of total
1	Venezuela	300.9	17.70%
2	Saudi Arabia	266.6	15.70%
3	Canada	172.2	10.10%
4	Iran	157.8	9.30%
5	Iraq	143.1	8.40%
6	Russian Federation	102.4	6.00%
7	Kuwait	101.5	6.00%
8	United Arab Emirates	97.8	5.80%
9	US	55	3.20%
10	Libya	48.4	2.80%

Source : https://www.bp.com/content/dam/bp/pdf/energy-economics/statistical-review-2016/bp-statistical-review-of-world-energy-2016-full-report.pdf
BP Statistical Review Of World Energy June 2016

Images of Proven Oil Reserves by Country

You must be Interested to Know
Top 10 - Economy And Business	Most Populated Countries in the World
Countries with Largest Army	Top Ten Countries with the Most Debt
Most Powerful	Countries with Fastest Growing Economies
Top Tourist Destinations in the World	Countries with Highest Exports
Largest Countries in the World

Explore More - Business and Economy

Countries with Highest GDP Growth Largest Donor of Foreign Aid in the World Countries with the Most Debt Countries with Highest Exports Countries with Highest FDI Richest Countries in the World Poorest Countries in the World The Cities with the Most Billionaires Richest People in the World Richest Women in the World Top 10 Business Schools Largest Merchant Shipping Fleets

Countries Earning Most from Tourism Tea Importing Countries in the World Canned Food Consumer Countries Top Ten Oil Reserves Countries Countries With Most Shops Countries With Most Reliance On Nuclear Power Countries with Fastest Growing Economies Countries by Film Investment Milk Importing Countries The World's 10 Longest Railway Networks

Countries by Received FDI Geothermal Power Generation in the World Milk Exporting Countries in the World Wine Producing Countries Tobacco Producing Countries Car Manufacturing Companies Tea Exporting Countries World's Busiest Container Ports Countries by Coal Production Countries with Highest Exports

Last Updated on: December 26, 2016