Oil reserves by country
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.
Countries reporting
99
Highest
48.30 billion cubic meters
Venezuela
Lowest
68,047 cubic meters
Ethiopia
Median
67.57 million cubic meters
Years covered
42
1980–2021
Data points
8,283
What the numbers show
Oil reserves is currently reported for 99 countries. The highest value is 48.30 billion cubic meters in Venezuela; the lowest is 68,047 cubic meters in Ethiopia.
The median across all reporting countries is 67.57 million cubic meters, and the mean is 2.83 billion cubic meters.
Over the past decade 25 countries rose and 28 fell. The largest increase was in Vietnam (up 633.3%), and the largest decrease in Mauritania (down 80.0%).
Oil reserves: full country ranking
| # | Country | Latest | Year | 10-year change | Trend |
|---|---|---|---|---|---|
| 1 | Venezuela | 48.30 billion cubic meters | 2021 | up 43.9% | volatile |
| 2 | Saudi Arabia | 41.11 billion cubic meters | 2021 | down 2.2% | rising |
| 3 | Iran | 33.16 billion cubic meters | 2021 | up 52.3% | rising |
| 4 | Canada | 27.08 billion cubic meters | 2021 | down 2.8% | volatile |
| 5 | Iraq | 23.06 billion cubic meters | 2021 | up 26.1% | rising |
| 6 | Kuwait | 16.14 billion cubic meters | 2021 | unchanged | rising |
| 7 | United Arab Emirates | 15.55 billion cubic meters | 2021 | unchanged | rising |
| 8 | Russia | 12.72 billion cubic meters | 2021 | up 33.3% | rising |
| 9 | USSR | 9.06 billion cubic meters | 1991 | down 9.5% | falling |
| 10 | Libya | 7.69 billion cubic meters | 2021 | up 4.2% | rising |
| 11 | United States | 7.49 billion cubic meters | 2020 | up 111.1% | rising |
| 12 | Nigeria | 5.87 billion cubic meters | 2021 | down 0.8% | rising |
| 13 | Kazakhstan | 4.77 billion cubic meters | 2021 | unchanged | volatile |
| 14 | China | 4.14 billion cubic meters | 2021 | up 27.9% | rising |
| 15 | Qatar | 4.01 billion cubic meters | 2021 | down 0.5% | volatile |
| 16 | Brazil | 2.02 billion cubic meters | 2021 | down 1.1% | volatile |
| 17 | Algeria | 1.94 billion cubic meters | 2021 | unchanged | rising |
| 18 | Ecuador | 1.32 billion cubic meters | 2021 | up 27.1% | volatile |
| 19 | Norway | 1.29 billion cubic meters | 2021 | up 43.2% | falling |
| 20 | Angola | 1.24 billion cubic meters | 2021 | down 18.1% | volatile |
| 21 | Azerbaijan | 1.11 billion cubic meters | 2021 | unchanged | rising |
| 22 | Mexico | 919.92 million cubic meters | 2021 | down 44.5% | volatile |
| 23 | Oman | 854.24 million cubic meters | 2021 | down 2.3% | rising |
| 24 | Sudan | 794.94 million cubic meters | 2021 | unchanged | volatile |
| 25 | India | 732.12 million cubic meters | 2021 | down 19.0% | rising |
| 26 | Vietnam | 699.54 million cubic meters | 2021 | up 633.3% | volatile |
| 27 | Malaysia | 572.35 million cubic meters | 2021 | down 10.0% | rising |
| 28 | Egypt | 524.66 million cubic meters | 2021 | down 25.0% | flat |
| 29 | Yemen | 476.96 million cubic meters | 2021 | unchanged | flat |
| 30 | Congo | 458.20 million cubic meters | 2021 | up 44.1% | rising |
| 31 | Uganda | 397.47 million cubic meters | 2021 | up 150.0% | volatile |
| 31 | United Kingdom | 397.47 million cubic meters | 2021 | down 12.5% | volatile |
| 31 | Syria | 397.47 million cubic meters | 2021 | unchanged | rising |
| 34 | Argentina | 394.72 million cubic meters | 2021 | down 0.9% | rising |
| 35 | Indonesia | 394.29 million cubic meters | 2021 | down 37.8% | falling |
| 36 | Australia | 388.88 million cubic meters | 2021 | down 26.3% | rising |
| 37 | Colombia | 323.70 million cubic meters | 2021 | up 7.2% | rising |
| 38 | Gabon | 317.98 million cubic meters | 2021 | unchanged | rising |
| 39 | Chad | 238.48 million cubic meters | 2021 | unchanged | flat |
| 40 | Equatorial Guinea | 174.89 million cubic meters | 2021 | unchanged | volatile |
| 40 | Brunei | 174.89 million cubic meters | 2021 | unchanged | falling |
| 42 | Peru | 136.55 million cubic meters | 2021 | up 61.2% | rising |
| 43 | Ghana | 104.93 million cubic meters | 2021 | unchanged | volatile |
| 44 | Turkmenistan | 95.39 million cubic meters | 2021 | unchanged | rising |
| 44 | Romania | 95.39 million cubic meters | 2021 | unchanged | falling |
| 46 | Uzbekistan | 94.44 million cubic meters | 2021 | unchanged | flat |
| 47 | Pakistan | 85.85 million cubic meters | 2021 | up 72.5% | rising |
| 48 | Italy | 79.17 million cubic meters | 2021 | up 4.5% | falling |
| 49 | Denmark | 70.11 million cubic meters | 2021 | down 45.7% | rising |
| 50 | Tunisia | 67.57 million cubic meters | 2021 | unchanged | volatile |
| 51 | Ukraine | 62.80 million cubic meters | 2021 | unchanged | flat |
| 52 | Turkey | 58.19 million cubic meters | 2021 | up 35.3% | falling |
| 53 | Thailand | 40.18 million cubic meters | 2021 | down 41.9% | volatile |
| 54 | Trinidad and Tobago | 38.63 million cubic meters | 2021 | down 66.6% | falling |
| 55 | Bolivia | 38.30 million cubic meters | 2021 | down 48.2% | volatile |
| 56 | Cameroon | 31.80 million cubic meters | 2021 | unchanged | falling |
| 57 | Belarus | 31.48 million cubic meters | 2021 | unchanged | flat |
| 58 | Bahrain | 29.65 million cubic meters | 2021 | up 49.7% | falling |
| 59 | Democratic Republic of Congo | 28.62 million cubic meters | 2021 | unchanged | rising |
| 60 | Papua New Guinea | 25.38 million cubic meters | 2021 | up 81.4% | falling |
| 61 | Chile | 23.85 million cubic meters | 2021 | unchanged | volatile |
| 61 | Spain | 23.85 million cubic meters | 2021 | unchanged | volatile |
| 61 | Niger | 23.85 million cubic meters | 2021 | — | volatile |
| 61 | Albania | 23.85 million cubic meters | 2021 | down 24.7% | flat |
| 65 | Myanmar | 22.10 million cubic meters | 2021 | up 178.0% | volatile |
| 66 | Philippines | 22.02 million cubic meters | 2021 | unchanged | volatile |
| 67 | Netherlands | 21.90 million cubic meters | 2021 | down 55.6% | falling |
| 68 | Cuba | 19.71 million cubic meters | 2021 | unchanged | volatile |
| 69 | Germany | 18.32 million cubic meters | 2021 | down 58.3% | falling |
| 70 | Poland | 17.97 million cubic meters | 2021 | up 17.3% | rising |
| 71 | Cote d'Ivoire | 15.90 million cubic meters | 2021 | unchanged | falling |
| 72 | Suriname | 14.15 million cubic meters | 2021 | up 12.8% | rising |
| 73 | Guatemala | 13.69 million cubic meters | 2021 | up 3.7% | volatile |
| 74 | Serbia | 12.32 million cubic meters | 2021 | unchanged | flat |
| 75 | Croatia | 11.29 million cubic meters | 2021 | unchanged | falling |
| 76 | France | 9.81 million cubic meters | 2021 | down 32.6% | falling |
| 77 | Japan | 7.01 million cubic meters | 2021 | unchanged | falling |
| 78 | New Zealand | 6.52 million cubic meters | 2021 | down 63.6% | falling |
| 79 | Kyrgyzstan | 6.36 million cubic meters | 2021 | unchanged | flat |
| 80 | Austria | 5.60 million cubic meters | 2021 | down 29.6% | falling |
| 81 | Georgia | 5.56 million cubic meters | 2021 | unchanged | flat |
| 82 | Bangladesh | 4.45 million cubic meters | 2021 | unchanged | volatile |
| 83 | Mauritania | 3.18 million cubic meters | 2021 | down 80.0% | volatile |
| 84 | South Africa | 2.38 million cubic meters | 2021 | unchanged | volatile |
| 84 | Bulgaria | 2.38 million cubic meters | 2021 | unchanged | flat |
| 84 | Czechia | 2.38 million cubic meters | 2021 | unchanged | rising |
| 87 | Israel | 2.02 million cubic meters | 2021 | up 556.2% | volatile |
| 88 | Hungary | 1.92 million cubic meters | 2021 | down 54.5% | volatile |
| 89 | Tajikistan | 1.91 million cubic meters | 2021 | unchanged | flat |
| 89 | Lithuania | 1.91 million cubic meters | 2021 | unchanged | flat |
| 91 | Greece | 1.59 million cubic meters | 2021 | unchanged | volatile |
| 92 | Slovakia | 1.43 million cubic meters | 2021 | unchanged | flat |
| 93 | Benin | 1.27 million cubic meters | 2021 | unchanged | volatile |
| 94 | Belize | 1.07 million cubic meters | 2021 | unchanged | flat |
| 95 | Taiwan | 378,390 cubic meters | 2021 | unchanged | falling |
| 96 | Barbados | 314,477 cubic meters | 2021 | up 10.6% | rising |
| 97 | Jordan | 158,987 cubic meters | 2021 | unchanged | volatile |
| 98 | Morocco | 108,747 cubic meters | 2021 | unchanged | volatile |
| 99 | Ethiopia | 68,047 cubic meters | 2021 | unchanged | flat |
About this data
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.