Oil reserves in Russia

Russia: Oil reserves was 12.72 billion cubic meters in 2021. ▲ Rising

Latest (2021)
12.72 billion cubic meters
Change on year
unchanged
World rank
8th
of 216 countries
All-time high
12.72 billion cubic meters
in 2013
All-time low
7.72 billion cubic meters
in 1997
Years of data
25
1997–2021

Oil reserves in Russia, 1997–2021

05.0B10.0B15.0B1997200920211997: 7.7B cubic meters1998: 7.7B cubic meters1999: 7.7B cubic meters2000: 7.7B cubic meters2001: 7.7B cubic meters2002: 7.7B cubic meters2003: 9.5B cubic meters2004: 9.5B cubic meters2005: 9.5B cubic meters2006: 9.5B cubic meters2007: 9.5B cubic meters2008: 9.5B cubic meters2009: 9.5B cubic meters2010: 9.5B cubic meters2011: 9.5B cubic meters2012: 9.5B cubic meters2013: 12.7B cubic meters2014: 12.7B cubic meters2015: 12.7B cubic meters2016: 12.7B cubic meters2017: 12.7B cubic meters2018: 12.7B cubic meters2019: 12.7B cubic meters2020: 12.7B cubic meters2021: 12.7B cubic meters

Source: U.S. Energy Information Administration (2022) – with major processing by Our World in Data. Measured in cubic meters.

Analysis

In 2021, oil reserves in Russia stood at 12.72 billion cubic meters. That is the highest value across all 25 years on record.

The figure is up 33.3% over ten years.

Over the whole period, oil reserves in Russia peaked at 12.72 billion cubic meters in 2013 and was at its lowest, 7.72 billion cubic meters, in 1997.

That places Russia 8th out of 216 countries with data for 2021, putting it in the top 10%.

The long-run direction has been consistently rising across the 25 years of available data.

Oil reserves in Russia, year by year

Annual values for Oil reserves in Russia, 1997 to 2021.
Year cubic meters Change
1997 7.72 billion cubic meters
1998 7.72 billion cubic meters +0.0%
1999 7.72 billion cubic meters +0.0%
2000 7.72 billion cubic meters +0.0%
2001 7.72 billion cubic meters +0.0%
2002 7.72 billion cubic meters +0.0%
2003 9.54 billion cubic meters +23.5%
2004 9.54 billion cubic meters +0.0%
2005 9.54 billion cubic meters +0.0%
2006 9.54 billion cubic meters +0.0%
2007 9.54 billion cubic meters +0.0%
2008 9.54 billion cubic meters +0.0%
2009 9.54 billion cubic meters +0.0%
2010 9.54 billion cubic meters +0.0%
2011 9.54 billion cubic meters +0.0%
2012 9.54 billion cubic meters +0.0%
2013 12.72 billion cubic meters +33.3%
2014 12.72 billion cubic meters +0.0%
2015 12.72 billion cubic meters +0.0%
2016 12.72 billion cubic meters +0.0%
2017 12.72 billion cubic meters +0.0%
2018 12.72 billion cubic meters +0.0%
2019 12.72 billion cubic meters +0.0%
2020 12.72 billion cubic meters +0.0%
2021 12.72 billion cubic meters +0.0%

Russia compared with similar countries

  • Russia's 12.72 billion cubic meters is above the median for Europe & Central Asia, which is 2.38 million cubic meters, 5333.3× the median. (51 countries reporting)

Averages by decade

DecadeAverage LowestHighest Years
1990s 7.72 billion cubic meters 7.72 billion cubic meters 7.72 billion cubic meters 3
2000s 8.99 billion cubic meters 7.72 billion cubic meters 9.54 billion cubic meters 10
2010s 11.77 billion cubic meters 9.54 billion cubic meters 12.72 billion cubic meters 10
2020s 12.72 billion cubic meters 12.72 billion cubic meters 12.72 billion cubic meters 2

Countries ranked near Russia

  1. 5 Iraq 23.06 billion cubic meters compare
  2. 6 Kuwait 16.14 billion cubic meters compare
  3. 7 United Arab Emirates 15.55 billion cubic meters compare
  4. 9 USSR 9.06 billion cubic meters
  5. 10 Libya 7.69 billion cubic meters compare
  6. 11 United States 7.49 billion cubic meters compare

See the full ranking of 216 places →

More energy & mining data for Russia

All data for Russia →

Frequently asked questions

What is oil reserves in Russia?
Oil reserves in Russia was 12.72 billion cubic meters in 2021, according to U.S. Energy Information Administration (2022) – with major processing by Our World in Data.
What is the highest oil reserves recorded in Russia?
The highest recorded value was 12.72 billion cubic meters in 2013.
What is the lowest oil reserves recorded in Russia?
The lowest recorded value was 7.72 billion cubic meters in 1997.
How does Russia rank for oil reserves?
Russia ranks 8th out of 216 countries with data for 2021.
Is oil reserves rising or falling in Russia?
Over the last ten years it is up 33.3%. The long-run trend across the full record is rising.
Where does this Russia data come from?
The figures come from U.S. Energy Information Administration (2022) – with major processing by Our World in Data, published as part of Oil reserves. Statizoid updates them automatically from the source API.

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Oil reserves in Russia. Statizoid, drawing on U.S. Energy Information Administration (2022) – with major processing by Our World in Data. Retrieved 24 September 2026, from https://energy.statizoid.com/stat/oil-proved-reserves/russian-federation/

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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.