Global Oil Sources
Introduction
Reserve values are in billion barrel units.
Year 2016
Venezuela | 300 |
Saudi Arabia | 267 |
Canada | 171 |
Iran | 158 |
Iraq | 143 |
Kuwait | 102 |
United Arab Emirates | 98 |
Russia | 80 |
Libya | 48 |
Nigeria | 37 |
United States | 35 |
Kazakhstan | 30 |
Qatar | 25 |
China | 25 |
Brazil | 16 |
The above chart is for proved oil reserves in the specified countries. A "proved" reserve is one which has at least a 90% probability of production, within the constraints of modern technologies, current costs of production, and political conditions.