Fact #201: January 28, 2002
Top 10 Countries with Oil Reserves
The Oil and Gas Journal estimates that Saudi Arabia had more than 250 billion barrels of crude oil reserves in January 2000. No other country comes close to having that amount of reserves. The 10 countries with the highest reserves are shown in the graph.
Supporting Information
| Country | Oil Reserves (in billions of barrels) |
|---|---|
| Saudi Arabia | 263.5 |
| Iraq | 112.5 |
| United Arab Emirates | 97.8 |
| Kuwait | 96.5 |
| Iran | 89.7 |
| Venezuela | 72.6 |
| Russia | 48.6 |
| Libya | 29.5 |
| Mexico | 28.4 |
| China | 24.0 |
|
Source: Energy Information Administration, International Energy Annual 1999, Table 8.1, Washington, DC, 2001. [Original source: PennWell Publishing Company, Oil and Gas Journal.] | |
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