Russia: Oil reserves

For that indicator, we provide data for Russia from 1997 to 2021. The average value for Russia during that period was 64.46 billion barrels with a minimum of 48.57 billion barrels in 1997 and a maximum of 80 billion barrels in 2013. The latest value from 2021 is 80 billion barrels. For comparison, the world average in 2021 based on 187 countries is 9.09 billion barrels. See the global rankings for that indicator or use the country comparator to compare trends over time.

Definition: Proved reserves of crude oil are the estimated quantities of all liquids defined as crude oil, which geological and engineering data demonstrate with reasonable certainty to be recoverable in future years from reservoirs under existing economic and operating conditions.