World's Biggest Oil Reserves

World's Biggest Oil Reserves

• Who's Got The Most Oil?
• Big movements in the price of oil can have significant effects in the general economy,
and although the commodity is off its all-time highs, countries with the most oil within
their borders are set for big profits as demand for crude continues to rise.
With much of the world's existing reserves found in the Middle East, Gulf of Mexico
and a few other locations around the globe, individual countries benefit incredibly
from their surprisingly high concentrations of oil.
As of 2008, the US government estimates that the world has proved reserves in the
neighborhood of 1.36 trillion barrels; the net amount of oil fields that have been
identified as having a reasonable certainty of recovery. Labeling subterranean oil
"proved" reserves takes into consideration both the logistic feasibility, political and
economic conditions surrounding the oil's physical extraction.
With the most recent data from the Energy Information Administration, here are the
countries with the biggest proved oil reserves. Click ahead for the list!
By Paul Toscano Posted 30 Oct 2009
 World's Biggest Oil Reserves
• 15. Mexico
• Proved Oil Reserves: 11.65 billion barrels

Daily Numbers:
Total Oil Production: 3.19 million barrels
Crude Oil Production: 2.79 million barrels
Consumption: 2.13 million barrels
Exports to US (2007): 1.54 million barrels
 World's Biggest Oil Reserves
• 14. Qatar
• Proved Oil Reserves: 15.2 billion barrels

Daily Numbers:
Total Oil Production: 1.2 million barrels
Crude Oil Production: 940,000 barrels
Consumption: 120,000 barrels
Exports to US (2007): 2,000 barrels

Pictured: Oil Refinery in Qatar

 World's Biggest Oil Reserves
• 13. China
• Proved Oil Reserves: 16 billion barrels

Daily Numbers:
Total Oil Production: 3.97 million barrels
Crude Oil Production: 3.79 million barrels
Consumption: 7.57 million barrels
Exports to US (2007): 13,000 barrels

Pictured: Off shore oil in China

 World's Biggest Oil Reserves
• 12. United States
• Proved Oil Reserves: 21.3 billion barrels

Daily Numbers:
Total Oil Production: 8.51 million barrels
Total Crude Production: 4.95 million barrels
Consumption: 19.48 million barrels

Pictured: Chevron El Segundo Refinery,

California
 World's Biggest Oil Reserves
• 11. Kazakhstan
• Proved Oil Reserves: 30 billion barrels

Daily Numbers:
Total Oil Production: 1.43 million barrels
Crude Oil Production: 1.35 million barrels
Consumption: 239,000 barrels
Exports to US (2007): 19,000 barrels

Pictured: Control station of the Atasu-

Alashenkou pipeline in Atasu, Kazakhstan
 World's Biggest Oil Reserves
• 10. Nigeria
• Proved Oil Reserves: 36.2 billion barrels

Daily Numbers:
Total Oil Production: 2.168 million barrels
Crude Oil Production: 2.165 million barrels
Consumption: 286,000 barrels
Exports to US (2007): 1.13 million barrels

Pictured: Boy walks along oil pipeline belonging

to the Agip Oil company in Idu Ogba, Niger
 World's Biggest Oil Reserves
• 9. Libya
• Proved Oil Reserves: 41.5 billion barrels

Daily Numbers:
Total Oil Production: 1.88 million barrels
Crude Oil Production: 1.74 million barrels
Consumption: 273,000 barrels
Exports to US (2007): 117,000 barrels

Pictured: Tripoli skyline at night, Libya

 World's Biggest Oil Reserves
• 8. Russia
• Proved Oil Reserves: 60 billion barrels

Daily Numbers:
Total Oil Production: 9.79 million barrels
Crude Oil Production: 9.36 million barrels
Consumption: 2.9 million barrels
Exports to US (2007): 414,000 barrels

Pictured: Reservoirs at Priobskoye oil field,

Siberia, Russia
 World's Biggest Oil Reserves
• 7. Venezuela
• Proved Oil Reserves: 87.03 billion barrels

Daily Numbers:
Total Oil Production: 2.64 million barrels
Crude Oil Production: 2.39 million barrels
Consumption: 760,000 barrels
Exports to US (2007): 1.36 million barrels

Pictured: El Palito oil refinery, Puerto Cabello,

Venezuela
 World's Biggest Oil Reserves
• 6. United Arab Emirates
• Proved Oil Reserves: 97.8 billion barrels
Daily Numbers:
Total Oil Production: 3.05 million barrels
Crude Oil Production: 2.68 million barrels
Consumption: 463,000 barrels
Exports to US (2007): 10,000 barrels
Pictured: Refinery worker rides a bicycle at an oil
processing plant in Jebel Ali, Dubai, United Arab
Emirates.
 World's Biggest Oil Reserves
• 5. Kuwait
• Proved Oil Reserves: 104 billion barrels

Daily Numbers:
Total Oil Production: 2.74 million barrels
Crude Oil Production: 2.59 million barrels
Consumption: 325,000 barrels
Exports to US (2007): 181,000 barrels
 World's Biggest Oil Reserves
• 4. Iraq
• Proved Oil Reserves: 115 billion barrels

Daily Numbers:
Total Oil Production: 2.39 million barrels
Crude Oil Production: 2.38 million barrels
Consumption: 638,000 barrels
Exports to US (2007): 484,000 barrels

Pictured: Beiji Oil refinery, Iraq

 World's Biggest Oil Reserves
• 3. Iran
• Proved Oil Reserves: 138.4 billion barrels

Daily Numbers:
Total Oil Production: 4.17 million barrels
Crude Oil Production: 4.05 million barrels
Consumption: 1.8 million barrels
Exports to US (2007): 0

Pictured: Oil refinery and petrochemical

complex, Mahshahr, Iran
 World's Biggest Oil Reserves
• 2. Canada
• Proved Oil Reserves: 178.59 billion barrels

Daily Numbers:
Total Oil Production: 3.350 million barrels
Crude Oil Production: 2.59 million barrels
Consumption: 2.26 million barrels
Exports to US (2007): 2.45 million barrels
 World's Biggest Oil Reserves
• 1. Saudi Arabia
• Proved Oil Reserves: 266.7 billion barrels

Daily Numbers:
Total Oil Production: 10.7 million barrels
Crude Oil Production: 9.26 million barrels
Consumption: 2.29 million barrels
Exports to US (2007): 1.49 million barrels

Pictured: Saudi Arabian Oil Refinery