World distribution of oil. U.S. Crude Oil Reserves - 110 Year Historical Chart.
According to current estimates, 79.4% of the world's proven oil reserves are located in OPEC Member Countries, with the bulk of OPEC oil reserves in the Middle East, amounting to 64.5% of the OPEC total. Petroleum is not distributed evenly around the world. Following the Middle East are Canada and the United States, Latin America, Africa, and the region made up of Russia, Kazakhstan, and other countries that were once part of the Soviet Union. This is a list of countries by natural gas proven reserves based on The World Factbook (when no citation is given).

The platform serves as a single reference source for all gas projects across the globe and allows users to interrogate project information, export and manipulate data, produce production quality bespoke maps, and create custom reports. Slightly less than half of the world’s proven reserves are located in the Middle East (including Iran but not North Africa). When the U.S. Government decided to create the Strategic Petroleum Reserve in the mid-1970s, it acquired previously created salt caverns to store the first 250 million barrels of crude oil. or other authoritative third-party sources (as cited). Together, the OPEC members at the beginning of 2019 held about 72% of the world's total proved crude oil reserves, and the OPEC members in 2019 accounted for about 39% of total world crude oil production. Oil Reserves refers to the amount of crude oil that can be recovered technically at a financially feasible cost. The answer is Venezuela with an estimated 302 billion barrels available of proved crude oil reserves. A map of world oil reserves according to OPEC, January 2014 This is a list of countries by proven oil reserves . This was the most rapid way to begin securing an emergency supply of crude oil following the oil shocks of the 1970s. To put this shale gas resource estimate in some perspective, world proven reserves [5] of natural gas as of January 1, 2010 are about 6,609 trillion cubic feet, [6] and world technically recoverable gas resources are roughly 16,000 trillion cubic feet, [7] largely excluding shale gas. The Organization of the Petroleum Exporting Countries (OPEC) is a group that includes some of the world's most oil-rich countries. Largest Proved Oil Reserves In The World. The Interactive World Gas Map is a source of information and data relating to the global gas industry. View Map

Based on data from BP, at the end of 2009, proved gas reserves were dominated by three countries: Iran, Russia, and Qatar, which together held nearly half the world's proven reserves. The 15 nations that are a member of OPEC produce about 44% of the world’s oil and own over 81.5% of the world’s oil reserves.
On a global basis, Rystad estimates that the world has about 2,092 billion barrels of reserves, or about 70 years’ worth of oil at today’s production rate of 30 billion barrels per year. So which country does rank number one? OPEC Countries 2020 The Organization of the Petroleum Exporting Countries, or OPEC as it is frequently known, is an organization made up of 15 countries. Values shown are in millions of barrels. In reviewing the table of Middle East oil reserves, you will notice that no country in the region ranks for the top oil reserves in the world. Interactive historical chart showing the annual level of U.S. crude oil reserves back to 1900 from the US Energy Information Adminstration (EIA).


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