Which Country Has the Largest Proved Reserves of Crude Oil?

Proved Reserves of Crude Oil (bil barrels), 2017 or latest
Oil & Gas | December 25, 2018
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Excel Sheet

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.

Proved Reserves of Crude Oil Unit 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
Brazil bil barrels 12.9 14.0 13.2 15.0 15.3
Canada bil barrels 175 174 173 173 172
China bil barrels 20.4 20.4 23.7 24.4 24.6
Iran bil barrels 137 151 155 157 158
Iraq bil barrels 115 143 141 140 144
Kazakhstan bil barrels 30.0 30.0 30.0 30.0 30.0
Kuwait bil barrels 104 104 104 104 104
Libya bil barrels 46.4 47.1 48.0 48.5 48.4
Nigeria bil barrels 37.2 37.2 37.2 37.1 37.1
Qatar bil barrels 25.4 25.4 25.4 25.2 25.2
Russia bil barrels 60.0 60.0 80.0 80.0 80.0
Saudi Arabia bil barrels 263 267 268 268 268
USA bil barrels 25.2 29.0 33.4 36.5 ... ...
United Arab Emirates bil barrels 97.8 97.8 97.8 97.8 97.8
Venezuela bil barrels 211 211 298 298 298