Worldwide Oil Reserves Map

Venezuela is a country with a lot of conflict and poverty.

Worldwide oil reserves map. Oil proved. Saudi arabia owns 16 1 of global reserves. The united states of america is the top country by crude oil reserves in the world. The shade of the country corresponds to the magnitude of the indicator.

Today the largest proved world oil reserves are in venezuela owns 18 3 of global reserves. The countries with the most oil reserves. Oil reserves refers to the amount of crude oil that can be recovered technically at a financially feasible cost. Largest proved oil reserves in the world.

Ironically it is also home to the largest oil reserves in the world accounting for about 18 of the. Venezuela 303 billion barrels. The map displayed here shows how oil proved reserves varies by country. Different classifications of reserves are related to their degree of certainty.

Iran owns 9 5. Proven oil reserves showcases the commercially available and theoretically recoverable oil reserves of a given country based on its recognized reservoirs. Canada owns 10 3 of global reserves. As of may 2020 crude oil reserves in the united states of america was 10 001 45 thousand barrels per day.

A map of world oil reserves according to opec january 2014 this is a list of countries by proven oil reserves. The top 5 countries also includes russian federation saudi arabia iraq and china. 1 hence reserves will change with the price unlike oil resources which include all oil that can be technically recovered at any price. Here is a look at the world s largest oil reserves by country.

For the purposes of the gfp ranking oil is a. Cia world factbook unless otherwise noted information in this page is accurate as of january 1 2019. Oil reserves denote the amount of crude oil that can be technically recovered at a cost that is financially feasible at the present price of oil. Proved reserves of crude oil as of january 1 of the report year are the estimated quantities of all liquids defined as.

But for now crude oil is still the undisputed heavyweight champion of the energy world. Reserves may be for a well for a reservoir for a field for a nation or for the world. There s little doubt that renewable energy sources will play a strategic role in powering the global economy of the future. Proven reserves are those quantities of petroleum which by analysis of geological and engineering data can be estimated with a high degree of confidence to be commercially recoverable from a given date forward from known reservoirs and under current economic conditions.

The darker the shade the higher the value. A map of world oil reserves 2013. Oil refinery near punto fijo venezuela. Maps rectified using this tool can be brought into worldmap by following the instructions under section 4 5 in worldmap help.