Crude oil reserves as a share of worldwide reserves reached 1.55 % in 2017 in China, according to EIA. This is 1.94 % more than in the previous year.
Historically, crude oil reserves as a share of worldwide reserves in China reached an all time high of 3.15 % in 1981 and an all time low of 1.19 % in 2009. When compared to China's main peers, crude oil reserves as a share of worldwide reserves in India amounted to 0.280 %, 0.003 % in Japan and 4.85 % in Russia in 2017.
China has been ranked 13th within the group of 98 countries we follow in terms of crude oil reserves as a share of worldwide reserves, 1 places above the position seen 10 years ago.
Proved reserves are estimated quantities of energy sources that the analysis of geological and engineering data demonstrates with reasonable certainty are recoverable under existing economic and operating conditions.