Statizoid

Libya vs Nigeria: Oil reserves

Libya
7.69 billion cubic meters
in 2021
Nigeria
5.87 billion cubic meters
in 2021
Libya rank
9th
Nigeria rank
11th

Oil reserves over time

  • Libya
  • Nigeria
2.0B4.0B6.0B8.0B198020002021

How they compare

Libya currently reports 7.69 billion cubic meters against 5.87 billion cubic meters in Nigeria, a difference of 1.82 billion cubic meters.

That makes Libya's figure about 1.3 times Nigeria's.

Across all 42 years both countries report, Libya has been ahead every year.

Libya ranks 9th and Nigeria ranks 11th of 215 countries.

Individual pages

About this data

Indicator
Oil reserves
Unit
cubic meters
Source
U.S. Energy Information Administration (2022) – with major processing by Our World in Data
Licence
CC BY 4.0 (Our World in Data)
Coverage
216 places, 8,283 data points, 1980–2021
Last refreshed

Proved reserves, measured in cubic meters, are generally those quantities that can be recovered in the future from known reservoirs under existing economic and operating conditions, according to geological and engineering information. Includes crude oil and lease condensate.