Oil reserves - Country rankings
* indicates monthly or quarterly data series
Oil reserves, billion barrels, 2021:
The average for 2021 based on 20 countries was 16.83 billion barrels. The highest value was in Venezuela: 303.81 billion barrels and the lowest value was in Dominican Republic: 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
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* indicates monthly or quarterly data series
| Countries | Oil reserves, 2021 | Global rank | Available data |
|---|---|---|---|
| Venezuela | 303.81 | 1 | 1980 - 2021 |
| Brazil | 12.71 | 2 | 1980 - 2021 |
| Ecuador | 8.27 | 3 | 1980 - 2021 |
| Mexico | 5.79 | 4 | 1980 - 2021 |
| Argentina | 2.48 | 5 | 1980 - 2021 |
| Colombia | 2.04 | 6 | 1980 - 2021 |
| Peru | 0.86 | 7 | 1980 - 2021 |
| Bolivia | 0.24 | 8 | 1980 - 2021 |
| Chile | 0.15 | 9 | 1980 - 2021 |
| Cuba | 0.12 | 10 | 1991 - 2021 |
| Guatemala | 0.09 | 11 | 1980 - 2021 |
| Domin. Rep. | 0 | 12 | 1980 - 2021 |
| El Salvador | 0 | 13 | 1980 - 2021 |
| Haiti | 0 | 14 | 1980 - 2021 |
| Honduras | 0 | 15 | 1980 - 2021 |
| Nicaragua | 0 | 16 | 1980 - 2021 |
| Panama | 0 | 17 | 1980 - 2021 |
| Paraguay | 0 | 18 | 1980 - 2021 |
| Puerto Rico | 0 | 19 | 1980 - 2021 |
| Uruguay | 0 | 20 | 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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303.81
12.71
8.27
5.79
2.48
2.04
0.86
0.24
0.15
0.12
0.09
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0
76
151.9
227.9
303.81
Oil reserves around the world Oil reserves in Europe Oil reserves in Asia Oil reserves in Africa Oil reserves in North America Oil reserves in South America Oil reserves in Australia/Oceania Oil reserves in the European union Oil reserves in Sub Sahara Africa Oil reserves in MENA Oil reserves in South East Asia