‹ Analysis & Projections

International Energy Outlook 2011

Release Date: September 19, 2011   |  Next Scheduled Release Date: June 10, 2013   |  Report Number: DOE/EIA-0484(2011)

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Table 5. World oil reserves by country as of January 1, 2011
(billion barrels)
Country Oil reserves Percent of world total
Saudi Arabia 260.1 17.68
Venzuela 211.2 14.35
Canada 175.2 11.91
Iran 137.0 9.31
Iraq 115.0 7.82
Kuwait 101.5 6.90
United Arab Emirates 97.8 6.65
Russia 60.0 4.08
Libya 46.4 3.16
Nigeria 37.2 2.53
Kazakhstan 30.0 2.04
Qatar 25.4 1.73
United States 20.7 1.41
China 20.4 1.38
Brazil 12.9 0.87
Algeria 12.2 0.83
Mexico 10.4 0.71
Angola 9.5 0.65
Azerbaijan 7.0 0.48
Ecuador 6.5 0.44
Rest of world 74.9 5.09
World total 1,471.2 100.00

Source:Worldwide Look at Reserves and Production," Oil & Gas Journal, Vol. 108, No. 46 (December 6, 2010), pp. 46-49. The estimates were adjusted to reflect the latest EIA crude oil reserve estimates for the United States (as of December 31, 2010), website www.eia.gov/dnav/pet/pet_crd_pres_dcu_NUS_a.htm.