Who Sits on the Largest Crude Oil Reserves in the World?

Crude Oil Reserves (As % of Worldwide Reserves) (%), 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 crude oil reserves as a share of worldwide reserves with 18.2% followed by Saudi Arabia and Canada. On the other end of the scale was Ethiopia with < 0.001%, Morocco with < 0.001% and Jordan with < 0.001%.

Data for more countries are available at Crude Oil Reserves (As % of Worldwide Reserves) indicator page.

Crude Oil Reserves (As % of Worldwide Reserves) Unit 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
Brazil % 0.871% 0.915% 0.798% 0.909% 0.924%
Canada % 11.9% 11.4% 10.5% 10.5% 10.4%
China % 1.38% 1.33% 1.44% 1.47% 1.49%
Iran % 9.28% 9.89% 9.37% 9.50% 9.52%
Iraq % 7.79% 9.36% 8.57% 8.47% 8.70%
Kazakhstan % 2.03% 1.96% 1.82% 1.81% 1.81%
Kuwait % 7.05% 6.80% 6.31% 6.28% 6.27%
Libya % 3.15% 3.08% 2.91% 2.93% 2.92%
Nigeria % 2.52% 2.43% 2.26% 2.24% 2.24%
Qatar % 1.72% 1.66% 1.54% 1.52% 1.52%
Russia % 4.07% 3.93% 4.85% 4.83% 4.83%
Saudi Arabia % 17.8% 17.5% 16.2% 16.2% 16.2%
USA % 1.71% 1.89% 2.03% 2.21% ... ...
United Arab Emirates % 6.63% 6.40% 5.93% 5.91% 5.90%
Venezuela % 14.3% 13.8% 18.0% 18.0% 18.0%