Global Oil Reserves
Updated on 08.28.2025
5 min read
Middle School
Life and earth sciences
The estimation of oil reserves is the quantity that can be produced economically at a given time. The top 5 are still Venezuela, Saudi Arabia, Canada, Iran and Iraq.
Global Oil Reserves (in billions of tonnes)
| Country | Proved Reserves in 2020 | Share of Global Reserves |
|---|---|---|
| Venezuela | 48 | 17.5% |
| Saudi Arabia | 40.9 | 17.2% |
| Canada | 27.1 | 9.7% |
| Iran | 21.7 | 9.1% |
| Iraq | 19.6 | 8.4% |
| Russia | 14.8 | 6.2% |
| Kuwait | 14 | 5.9% |
| United Arab Emirates | 13 | 5.6% |
| United States | 8.2 | 4% |
| Libya | 6.3 | 2.8% |
| Nigeria | 5 | 2.1% |
| Kazakhstan | 3.9 | 1.7% |
| China | 3.5 | 1.5% |
| Qatar | 2.6 | 1.5% |
| Brazil | 1.7 | 0.7% |
| Rest of the World | 14.2 | 6.1% |
| Total World | 244.4 | 100% |
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