Oil Reserves by Country

Petroleum, or crude oil, is a naturally occurring fossil fuel that is formed when dead organisms, buried under rock, are subject to extended periods of heat and pressure. Once extracted from the ground, typically done by drilling, the crude oil can be turned into products like gasoline, plastic, and pharmaceuticals. The many uses of oil, combined with the importance of oil products, makes it one of the most profitable materials in the world.

Oil reserves refer to the amount of oil a country can extract at a financially reasonable cost. However, the amount that is in reserve will change as the price of oil changes, because the reasonableness of the cost is closely tied to the actual market value of the oil. Also, oil has provided many countries a reliable resource that their economies are based around, for instance states like Saudi Arabia, Kuwait, and the United Arab Emirates are all somewhat dependent on oil revenues. However, they have recently sought to diversify their economies due to the gradual instability that basing your economy on one resource. Furthermore, if a state had high levels of “liquid gold” it is not necessarily a good thing according to the “oil spoils” concept, which argues that the presence of oil revenues or other extracted natural resources in a country causes political instability.

Despite its many uses, oil production is highly contentious, mostly due to its effects on the environment and climate change. Notably, the extraction, refining, and burning of oil and its products release large quantities of greenhouse gasses. In response to the environmental impacts of oil production, countries have begun to seek alternative sources of energy to replace oil; rather, they are keeping their oil in reserves under the ground.

Learn more about oil reserves by country by scrolling the map and charts.

 

Oil Reserves by Country

Algeria

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OIL RESERVEShelp

12.2

#15 in the World

OIL CONSUMPTIONhelp

403

#36 in the World

CRUDE OIL PRODUCTIONhelp

1,414.8

#16 in the World

US CRUDE OIL IMPORTShelp

40

#19 in the World

Angola

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OIL RESERVEShelp

7.8

#17 in the World

CRUDE OIL PRODUCTIONhelp

1,197.6

#18 in the World

US CRUDE OIL IMPORTShelp

36

#25 in the World

Argentina

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OIL RESERVEShelp

2.5

#27 in the World

OIL CONSUMPTIONhelp

598

#30 in the World

CRUDE OIL PRODUCTIONhelp

690.2

#25 in the World

US CRUDE OIL IMPORTShelp

38

#24 in the World

Australia

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OIL RESERVEShelp

2.4

#28 in the World

OIL CONSUMPTIONhelp

943

#22 in the World

CRUDE OIL PRODUCTIONhelp

441.5

#30 in the World

Azerbaijan

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OIL RESERVEShelp

7

#18 in the World

OIL CONSUMPTIONhelp

95

#67 in the World

CRUDE OIL PRODUCTIONhelp

711.7

#24 in the World

US CRUDE OIL IMPORTShelp

0

#65 in the World

Brazil

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OIL RESERVEShelp

11.9

#16 in the World

OIL CONSUMPTIONhelp

2,252

#8 in the World

CRUDE OIL PRODUCTIONhelp

3,629.1

#8 in the World

US CRUDE OIL IMPORTShelp

143

#8 in the World

Brunei

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OIL RESERVEShelp

1.1

#36 in the World

CRUDE OIL PRODUCTIONhelp

107.3

#43 in the World

US CRUDE OIL IMPORTShelp

26

#33 in the World

Canada

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OIL RESERVEShelp

168.1

#3 in the World

OIL CONSUMPTIONhelp

2,229

#9 in the World

CRUDE OIL PRODUCTIONhelp

5,468.1

#4 in the World

US CRUDE OIL IMPORTShelp

4,340

#1 in the World

Chad

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OIL RESERVEShelp

1.5

#37 in the World

CRUDE OIL PRODUCTIONhelp

87.9

#47 in the World

Colombia

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OIL RESERVEShelp

2

#29 in the World

OIL CONSUMPTIONhelp

349

#38 in the World

CRUDE OIL PRODUCTIONhelp

756.4

#23 in the World

US CRUDE OIL IMPORTShelp

203

#5 in the World

Denmark

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OIL RESERVEShelp

0.4

#41 in the World

OIL CONSUMPTIONhelp

128

#64 in the World

CRUDE OIL PRODUCTIONhelp

68

#54 in the World

US CRUDE OIL IMPORTShelp

1

#56 in the World

Ecuador

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OIL RESERVEShelp

1.3

#38 in the World

OIL CONSUMPTIONhelp

247

#47 in the World

CRUDE OIL PRODUCTIONhelp

478

#29 in the World

US CRUDE OIL IMPORTShelp

168

#6 in the World

Egypt

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OIL RESERVEShelp

3.1

#24 in the World

OIL CONSUMPTIONhelp

648

#28 in the World

CRUDE OIL PRODUCTIONhelp

660.8

#26 in the World

US CRUDE OIL IMPORTShelp

32

#28 in the World

Equatorial Guinea

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OIL RESERVEShelp

1.1

#39 in the World

CRUDE OIL PRODUCTIONhelp

142.6

#39 in the World

US CRUDE OIL IMPORTShelp

2

#52 in the World

Gabon

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OIL RESERVEShelp

2

#30 in the World

CRUDE OIL PRODUCTIONhelp

175

#37 in the World

US CRUDE OIL IMPORTShelp

0

#67 in the World

India

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OIL RESERVEShelp

4.5

#22 in the World

OIL CONSUMPTIONhelp

4,878

#3 in the World

CRUDE OIL PRODUCTIONhelp

771.4

#22 in the World

US CRUDE OIL IMPORTShelp

100

#13 in the World

Indonesia

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OIL RESERVEShelp

2.4

#31 in the World

OIL CONSUMPTIONhelp

1,471

#12 in the World

CRUDE OIL PRODUCTIONhelp

842.3

#21 in the World

US CRUDE OIL IMPORTShelp

4

#46 in the World

Iran

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OIL RESERVEShelp

157.8

#4 in the World

OIL CONSUMPTIONhelp

1,690

#11 in the World

CRUDE OIL PRODUCTIONhelp

3,450.3

#9 in the World

US CRUDE OIL IMPORTShelp

3

#49 in the World

Iraq

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OIL RESERVEShelp

145

#5 in the World

OIL CONSUMPTIONhelp

722

#26 in the World

CRUDE OIL PRODUCTIONhelp

4,161.5

#6 in the World

US CRUDE OIL IMPORTShelp

157

#7 in the World

Italy

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OIL RESERVEShelp

0.6

#42 in the World

OIL CONSUMPTIONhelp

1,156

#19 in the World

CRUDE OIL PRODUCTIONhelp

107.7

#44 in the World

US CRUDE OIL IMPORTShelp

48

#18 in the World

Kazakhstan

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OIL RESERVEShelp

30

#12 in the World

OIL CONSUMPTIONhelp

327

#39 in the World

CRUDE OIL PRODUCTIONhelp

1,864.9

#13 in the World

US CRUDE OIL IMPORTShelp

33

#26 in the World

Kuwait

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OIL RESERVEShelp

101.5

#7 in the World

OIL CONSUMPTIONhelp

450

#34 in the World

CRUDE OIL PRODUCTIONhelp

2,720.5

#10 in the World

US CRUDE OIL IMPORTShelp

33

#27 in the World

Libya

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OIL RESERVEShelp

48.4

#10 in the World

CRUDE OIL PRODUCTIONhelp

1,252.8

#17 in the World

US CRUDE OIL IMPORTShelp

91

#14 in the World

Malaysia

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OIL RESERVEShelp

2.7

#32 in the World

OIL CONSUMPTIONhelp

763

#24 in the World

CRUDE OIL PRODUCTIONhelp

593.8

#28 in the World

US CRUDE OIL IMPORTShelp

5

#43 in the World

Mexico

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OIL RESERVEShelp

6.1

#20 in the World

OIL CONSUMPTIONhelp

1,350

#14 in the World

CRUDE OIL PRODUCTIONhelp

1,905.5

#12 in the World

US CRUDE OIL IMPORTShelp

711

#2 in the World

Nigeria

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OIL RESERVEShelp

36.9

#11 in the World

CRUDE OIL PRODUCTIONhelp

1,646.9

#15 in the World

US CRUDE OIL IMPORTShelp

125

#11 in the World

Norway

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OIL RESERVEShelp

7.9

#19 in the World

OIL CONSUMPTIONhelp

199

#55 in the World

CRUDE OIL PRODUCTIONhelp

2,026

#11 in the World

US CRUDE OIL IMPORTShelp

72

#16 in the World

Oman

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OIL RESERVEShelp

5.4

#21 in the World

OIL CONSUMPTIONhelp

209

#52 in the World

CRUDE OIL PRODUCTIONhelp

978.8

#19 in the World

US CRUDE OIL IMPORTShelp

8

#42 in the World

People's Republic of China

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OIL RESERVEShelp

26

#13 in the World

OIL CONSUMPTIONhelp

15,442

#2 in the World

CRUDE OIL PRODUCTIONhelp

4,712.2

#5 in the World

US CRUDE OIL IMPORTShelp

3

#50 in the World

Peru

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OIL RESERVEShelp

0.7

#43 in the World

OIL CONSUMPTIONhelp

266

#44 in the World

CRUDE OIL PRODUCTIONhelp

122.5

#41 in the World

US CRUDE OIL IMPORTShelp

10

#39 in the World

Qatar

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OIL RESERVEShelp

25.2

#14 in the World

OIL CONSUMPTIONhelp

311

#40 in the World

CRUDE OIL PRODUCTIONhelp

1,815.1

#14 in the World

US CRUDE OIL IMPORTShelp

22

#34 in the World

Republic of the Congo

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OIL RESERVEShelp

2.9

#33 in the World

CRUDE OIL PRODUCTIONhelp

270.9

#32 in the World

US CRUDE OIL IMPORTShelp

1

#62 in the World

Romania

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OIL RESERVEShelp

0.6

#44 in the World

OIL CONSUMPTIONhelp

225

#50 in the World

CRUDE OIL PRODUCTIONhelp

74

#52 in the World

US CRUDE OIL IMPORTShelp

1

#63 in the World

Russia

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OIL RESERVEShelp

107.8

#6 in the World

OIL CONSUMPTIONhelp

3,407

#5 in the World

CRUDE OIL PRODUCTIONhelp

10,749.5

#3 in the World

US CRUDE OIL IMPORTShelp

672

#3 in the World

Saudi Arabia

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OIL RESERVEShelp

297.5

#2 in the World

OIL CONSUMPTIONhelp

3,595

#4 in the World

CRUDE OIL PRODUCTIONhelp

10,815.7

#2 in the World

US CRUDE OIL IMPORTShelp

430

#4 in the World

South Sudan

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OIL RESERVEShelp

3.5

#25 in the World

CRUDE OIL PRODUCTIONhelp

157.1

#38 in the World

Sudan

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OIL RESERVEShelp

1.5

#40 in the World

CRUDE OIL PRODUCTIONhelp

66.9

#55 in the World

Syria

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OIL RESERVEShelp

2.5

#34 in the World

CRUDE OIL PRODUCTIONhelp

80.8

#50 in the World

Thailand

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OIL RESERVEShelp

0.3

#45 in the World

OIL CONSUMPTIONhelp

1,214

#17 in the World

CRUDE OIL PRODUCTIONhelp

438.2

#31 in the World

Trinidad and Tobago

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OIL RESERVEShelp

0.2

#46 in the World

CRUDE OIL PRODUCTIONhelp

81

#49 in the World

US CRUDE OIL IMPORTShelp

40

#21 in the World

Tunisia

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OIL RESERVEShelp

0.4

#47 in the World

CRUDE OIL PRODUCTIONhelp

42.5

#60 in the World

Turkmenistan

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OIL RESERVEShelp

0.6

#48 in the World

OIL CONSUMPTIONhelp

146

#61 in the World

CRUDE OIL PRODUCTIONhelp

249.7

#33 in the World

United Arab Emirates

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OIL RESERVEShelp

97.8

#8 in the World

OIL CONSUMPTIONhelp

952

#21 in the World

CRUDE OIL PRODUCTIONhelp

3,769.1

#7 in the World

US CRUDE OIL IMPORTShelp

40

#23 in the World

United Kingdom

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OIL RESERVEShelp

2.5

#35 in the World

OIL CONSUMPTIONhelp

1,236

#16 in the World

CRUDE OIL PRODUCTIONhelp

890.4

#20 in the World

US CRUDE OIL IMPORTShelp

104

#12 in the World

United States of America

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OIL RESERVEShelp

68.8

#9 in the World

OIL CONSUMPTIONhelp

18,684

#1 in the World

CRUDE OIL PRODUCTIONhelp

17,924.2

#1 in the World

Uzbekistan

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OIL RESERVEShelp

0.6

#49 in the World

OIL CONSUMPTIONhelp

90

#68 in the World

CRUDE OIL PRODUCTIONhelp

36.2

#64 in the World

Venezuela

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OIL RESERVEShelp

303.8

#1 in the World

OIL CONSUMPTIONhelp

289

#41 in the World

CRUDE OIL PRODUCTIONhelp

604.8

#27 in the World

Vietnam

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OIL RESERVEShelp

4.4

#23 in the World

OIL CONSUMPTIONhelp

464

#33 in the World

CRUDE OIL PRODUCTIONhelp

197.7

#34 in the World

Yemen

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OIL RESERVEShelp

3

#26 in the World

CRUDE OIL PRODUCTIONhelp

70.1

#53 in the World