Which Country Has the Largest Proved Reserves of Crude Oil?

Based on a comparison of 97 countries in 2017, Venezuela ranked the highest in proved reserves of crude oil with 301 bil barrels followed by Saudi Arabia and Canada. On the other end of the scale was Ethiopia with < 0.001 bil barrels, Morocco with < 0.001 bil barrels and Jordan with 0.001 bil barrels.

Total proved reserves of crude oil reached 1,651 bil barrels in 2017 in the World according to EIA. This is 0 % the same as in the previous year and 20.1 % more than 10 years ago.

Historically, total proved reserves of crude oil reached an all time high of 1,658 bil barrels in 2015 and an all time low of 643 bil barrels in 1980. The average annual growth amounted to 2.58 % since 1980.

The top ranked country, Venezuela, accounted for 18.2 % of proved reserves of crude oil in the world. The top 3 countries hold a 44.7 % share while the ten largest countries some 85.0 % in 2017.

Data for more countries are available at Proved Reserves of Crude Oil indicator page.