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Proven Oil Reserves by Country

Some 70% of the world's proven oil reserves is held in OPEC countries, providing its members with a key political tool.

Proven Oil Reserves by Country

Some 70% of the world's proven oil reserves is held in OPEC countries, providing its members with a key political tool.

OVERVIEW



Proven Oil Reserves is valued through geological and engineering processes to produce an estimated value of oil stocks in the ground. Proven Oil Reserves showcases the commercially available (and recoverable) oil reserves of a given country based on its recognized reservoirs. For the purposes of the GFP ranking, oil is a highly valued factor when considering a prolonged war and is used in conjunction with oil consumption and oil production.

The data presented below is through 2019. Presented in 'bbl' (Barrels)


1
Venezuela
VEN
300,900,000,000
300,900,000,000
2
Saudi Arabia
SAR
266,500,000,000
266,500,000,000
3
Canada
CAN
169,700,000,000
169,700,000,000
4
Iran
IRN
158,400,000,000
158,400,000,000
5
Iraq
IRQ
142,500,000,000
142,500,000,000
6
Kuwait
KUW
101,500,000,000
101,500,000,000
7
United Arab Emirates
UAE
97,800,000,000
97,800,000,000
8
Russia
RUS
80,000,000,000
80,000,000,000
9
Libya
LBY
48,360,000,000
48,360,000,000
10
Nigeria
NIG
37,060,000,000
37,060,000,000
11
United States
USA
36,520,000,000
36,520,000,000
12
Kazakhstan
KAZ
30,000,000,000
30,000,000,000
13
China
CHN
25,620,000,000
25,620,000,000
14
Qatar
QTR
25,240,000,000
25,240,000,000
15
Brazil
BRA
13,000,000,000
13,000,000,000
16
Algeria
ALG
12,200,000,000
12,200,000,000
17
Angola
ANG
8,273,000,000
8,273,000,000
18
Ecuador
ECU
8,273,000,000
8,273,000,000
19
Mexico
MEX
7,640,000,000
7,640,000,000
20
Azerbaijan
AZR
7,000,000,000
7,000,000,000
21
Norway
NOR
6,611,000,000
6,611,000,000
22
Oman
OMA
5,373,000,000
5,373,000,000
23
Sudan
SUD
5,000,000,000
5,000,000,000
24
India
IND
4,621,000,000
4,621,000,000
25
Vietnam
VTN
4,400,000,000
4,400,000,000
26
Egypt
EGP
4,400,000,000
4,400,000,000
27
South Sudan
SSU
3,750,000,000
3,750,000,000
28
Malaysia
MLY
3,600,000,000
3,600,000,000
29
Indonesia
INO
3,230,000,000
3,230,000,000
30
Yemen
YEM
3,000,000,000
3,000,000,000
31
United Kingdom
UKD
2,564,000,000
2,564,000,000
32
Uganda
UGA
2,500,000,000
2,500,000,000
33
Syria
SYR
2,500,000,000
2,500,000,000
34
Argentina
ARG
2,185,000,000
2,185,000,000
35
Colombia
COL
2,002,000,000
2,002,000,000
36
Gabon
GAB
2,000,000,000
2,000,000,000
37
Australia
AUS
1,821,000,000
1,821,000,000
38
Republic of the Congo
ROC
1,600,000,000
1,600,000,000
39
Chad
CHD
1,500,000,000
1,500,000,000
40
Ghana
GHA
660,000,000
660,000,000
41
Romania
ROM
600,000,000
600,000,000
42
Turkmenistan
TKM
600,000,000
600,000,000
43
Uzbekistan
UZB
594,000,000
594,000,000
44
Italy
ITA
556,700,000
556,700,000
45
Denmark
DEN
490,600,000
490,600,000
46
Peru
PER
473,000,000
473,000,000
47
Tunisia
TUN
425,000,000
425,000,000
48
Thailand
THA
396,400,000
396,400,000
49
Ukraine
UKR
395,000,000
395,000,000
50
Turkey
TUR
388,500,000
388,500,000
51
Pakistan
PAK
350,600,000
350,600,000
52
Bolivia
BOL
211,500,000
211,500,000
53
Cameroon
CAM
200,000,000
200,000,000
54
Belarus
BLR
198,000,000
198,000,000
55
Democratic Republic of the Congo
DRC
180,000,000
180,000,000
56
Albania
ALB
168,300,000
168,300,000
57
Niger
NGR
150,000,000
150,000,000
58
Spain
SPA
150,000,000
150,000,000
59
Chile
CHI
150,000,000
150,000,000
60
Germany
GER
145,400,000
145,400,000
61
Myanmar
MYA
139,000,000
139,000,000
62
Philippines
PHI
138,500,000
138,500,000
63
Poland
POL
137,800,000
137,800,000
64
Bahrain
BAH
124,600,000
124,600,000
65
Cuba
CUB
124,000,000
124,000,000
66
Netherlands
NET
113,200,000
113,200,000
67
Ivory Coast
IVC
100,000,000
100,000,000
68
Suriname
SUR
83,980,000
83,980,000
69
Guatemala
GUA
83,070,000
83,070,000
70
Serbia
SER
77,500,000
77,500,000
71
France
FRA
72,350,000
72,350,000
72
Croatia
CRO
71,000,000
71,000,000
73
New Zealand
NWZ
56,900,000
56,900,000
74
Japan
JPN
44,120,000
44,120,000
75
Austria
AST
43,000,000
43,000,000
76
Kyrgyzstan
KYR
40,000,000
40,000,000
77
Georgia
GEO
35,000,000
35,000,000
78
Bangladesh
BAN
28,000,000
28,000,000
79
Hungary
HUN
25,100,000
25,100,000
80
Mauritania
MAU
20,000,000
20,000,000
81
South Africa
SAF
15,000,000
15,000,000
82
Bulgaria
BUL
15,000,000
15,000,000
83
Czechia
CZC
15,000,000
15,000,000
84
Israel
ISR
12,730,000
12,730,000
85
Tajikistan
TAJ
12,000,000
12,000,000
86
Lithuania
LIT
12,000,000
12,000,000
87
Greece
GRE
10,000,000
10,000,000
88
Slovakia
SLK
9,000,000
9,000,000
89
Taiwan
TAI
2,380,000
2,380,000
90
Jordan
JOR
1,000,000
1,000,000
91
Morocco
MOR
684,000
684,000
92
Ethiopia
ETH
428,000
428,000
93
Tanzania
TAN
0
0
94
Namibia
NAM
0
0
95
Armenia
ARM
0
0
96
Bhutan
BUT
0
0
97
North Korea
NKO
0
0
98
Portugal
POR
0
0
99
Switzerland
SWI
0
0
100
Finland
FIN
0
0
101
Mongolia
MON
0
0
102
El Salvador
ESL
0
0
103
Somalia
SOM
0
0
104
Honduras
HON
0
0
105
Macedonia
MAC
0
0
106
Dominican Republic
DOM
0
0
107
Central African Republic
CAR
0
0
108
Sierra Leone
SIE
0
0
109
Botswana
BOT
0
0
110
South Korea
SKO
0
0
111
Madagascar
MAD
0
0
112
Mali
MAL
0
0
113
Singapore
SIN
0
0
114
Estonia
EST
0
0
115
Paraguay
PAR
0
0
116
Uruguay
URU
0
0
117
Belgium
BEL
0
0
118
Moldova
MOL
0
0
119
Sri Lanka
SRL
0
0
120
Nepal
NEP
0
0
121
Lebanon
LEB
0
0
122
Zimbabwe
ZIM
0
0
123
Laos
LAO
0
0
124
Panama
PAN
0
0
125
Mozambique
MOZ
0
0
126
Kenya
KEN
0
0
127
Afghanistan
AFG
0
0
128
Liberia
LIB
0
0
129
Montenegro
MTN
0
0
130
Ireland
IRE
0
0
131
Slovenia
SLV
0
0
132
Sweden
SWE
0
0
133
Nicaragua
NIC
0
0
134
Cambodia
CMB
0
0
135
Latvia
LAT
0
0
136
Bosnia and Herzegovina
BOS
0
0
137
Zambia
ZAM
0
0