* indicates monthly or quarterly data series

Oil reserves, billion barrels, 2021:

The average for 2021 based on 43 countries was 2.19 billion barrels. The highest value was in Russia: 80 billion barrels and the lowest value was in Belgium: 0 billion barrels. The indicator is available from 1980 to 2021. Below is a chart for all countries where data are available.

Measure: billion barrels; Source: The U.S. Energy Information Administration
Select indicator
* indicates monthly or quarterly data series


Countries Oil reserves, 2021 Global rank Available data
Russia 80 1 1997 - 2021
Norway 8.12 2 1980 - 2021
UK 2.5 3 1980 - 2021
Romania 0.6 4 1991 - 2021
Italy 0.5 5 1980 - 2021
Denmark 0.44 6 1980 - 2021
Ukraine 0.4 7 1997 - 2021
Turkey 0.37 8 1980 - 2021
Belarus 0.2 9 1997 - 2021
Albania 0.15 10 1992 - 2021
Spain 0.15 11 1980 - 2021
Netherlands 0.14 12 1980 - 2021
Germany 0.12 13 1991 - 2021
Poland 0.11 14 1992 - 2021
Serbia 0.08 15 2006 - 2021
Croatia 0.07 16 1993 - 2021
France 0.06 17 1980 - 2021
Austria 0.04 18 1980 - 2021
Bulgaria 0.02 19 1992 - 2021
Czechia 0.02 20 1996 - 2021
Greece 0.01 21 1980 - 2021
Hungary 0.01 22 1992 - 2021
Lithuania 0.01 23 1997 - 2021
Slovakia 0.01 24 1996 - 2021
Belgium 0 25 1980 - 2021
Bosnia & Herz. 0 26 1993 - 2021
Cyprus 0 27 1980 - 2021
Estonia 0 28 1997 - 2021
Faroe Isl. 0 29 1980 - 2021
Finland 0 30 1980 - 2021
Gibraltar 0 31 1980 - 2021
Iceland 0 32 1980 - 2021
Ireland 0 33 1980 - 2021
Latvia 0 34 1997 - 2021
Luxembourg 0 35 1980 - 2021
Malta 0 36 1980 - 2021
Moldova 0 37 1997 - 2021
Montenegro 0 38 2006 - 2021
North Macedonia 0 39 1993 - 2021
Portugal 0 40 1980 - 2021
Slovenia 0 41 1993 - 2021
Sweden 0 42 1980 - 2021
Switzerland 0 43 1980 - 2021



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.

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80.00
8.12
2.50
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0.50
0.44
0.40
0.37
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0.07
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0.02
0.02
0.01
0.01
0.01
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0.00
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0.00
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