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Crude oil proved reserves (2021)

99/237 countries
World Total1.7trillion barrelsYear-over-year+0.62%5-year change-0.19%
1980
2021
2021

Rankings at a glance

Top 10 · Crude oil proved reserves (2021)

With 303.8 billion barrels in 2021, Venezuela leads the world in crude oil proved reserves, followed by Saudi Arabia (258.6 billion barrels) and Iran (208.6 billion barrels). The top 5 is rounded off by Canada (170.3 billion barrels) and Iraq (145.0 billion barrels). Further down, Kuwait (101.5 billion barrels) and the United Arab Emirates (97.8 billion barrels) hold the next two spots. Russia (80.0 billion barrels), Libya (48.4 billion barrels), and the United States (44.4 billion barrels) round out the top ten. Across the top ten, Venezuela is 6.8× as high as the United States (44.4 billion barrels). Five of the top ten are in Asia, with four from Western Asia. Among these countries, Iran saw the largest year-over-year change at +34.1%.

Rank changes

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Frequently asked questions

Which country has the highest crude oil proved reserves?
Venezuela has the highest crude oil proved reserves at 303.8 billion barrels as of 2021, according to U.S. Energy Information Administration (EIA).
Which country has the lowest crude oil proved reserves?
Ethiopia has the lowest crude oil proved reserves at 428.0 thousand barrels as of 2021, according to U.S. Energy Information Administration (EIA).
What is the total crude oil proved reserves worldwide?
The combined crude oil proved reserves across 99 countries total 1.7 trillion barrels as of 2021, according to U.S. Energy Information Administration (EIA).

Source: U.S. Energy Information Administration (EIA) · Updated