Where To Find The Biggest Oil Reserves In The World

UAE

[credit provider=”Crescent Petroleum” url=”http://www.crescent.ae/html/abu-nuayr.html”]

Recent unrest in the Middle East has driven oil prices higher, hitting consumers around the world at the gas pump.Some fear rising prices could contribute to another economic downturn. Others see it as a money-making opportunity.

We’ve outline the countries with the largest oil reserves here, and also valued them at current oil prices.

While price dynamics for oil will change overtime, as demand or supply declines or rises, it’s a good way to look at some of the wealth the world’s major oil producers are sitting on.

Note: The data on reserves is based on 2010 estimates from the CIA World Factbook.

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[slide
permalink=”15-angola-1″
title=”#15 Angola”
content=”Angola has 13.5 billion barrels of oil

Its reserves are valued at $1.5 trillion

Data on reserves from CIA World Factbook; price per barrel $112.44

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[slide
permalink=”14-us-2″
title=”#14 U.S.”
content=”U.S. has 19.12 billion barrels of oil

Its reserves are valued at $2.1 trillion

Data on reserves from CIA World Factbook; price per barrel $112.44
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[slide
permalink=”13-china-3″
title=”#13 China”
content=”China has 20.35 billion barrels of oil

Its reserves are valued at $2.3 trillion

Data on reserves from CIA World Factbook; price per barrel $112.44
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[slide
permalink=”12-qatar-4″
title=”#12 Qatar”
content=”Qatar has 25.4 billion barrels of oil

Its reserves are valued at $2.9 trillion

Data on reserves from CIA World Factbook; price per barrel $112.44
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[slide
permalink=”11-kazakhstan-5″
title=”#11 Kazakhstan”
content=”Kazakhstan has 30 billion barrels of oil

Its reserves are valued at $3.4 trillion

Data on reserves from CIA World Factbook; price per barrel $112.44
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[slide
permalink=”10-nigeria-6″
title=”#10 Nigeria”
content=”Nigeria has 37.5 billion barrels of oil

Its reserves are valued at $4.2 trillion

Data on reserves from CIA World Factbook; price per barrel $112.44
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[slide
permalink=”9-libya-7″
title=”#9 Libya”
content=”Libya has 47 billion barrels of oil

Its reserves are valued at $5.3 trillion

Data on reserves from CIA World Factbook; price per barrel $112.44
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[slide
permalink=”8-russia-8″
title=”#8 Russia”
content=”Russia has 74.2 billion barrels of oil

Its reserves are valued at $8.3 trillion

Data on reserves from CIA World Factbook; price per barrel $112.44
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[slide
permalink=”7-venezuela-9″
title=”#7 Venezuela”
content=”Venezuela has 97.77 billion barrels of oil

Its reserves are valued at $11 trillion

Data on reserves from CIA World Factbook; price per barrel $112.44
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[slide
permalink=”6-uae-10″
title=”#6 UAE”
content=”UAE has 97.8 billion barrels of oil

Its reserves are valued at $11 trillion

Data on reserves from CIA World Factbook; price per barrel $112.44
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[slide
permalink=”5-kuwait-11″
title=”#5 Kuwait”
content=”Kuwait has 104 billion barrels of oil

Its reserves are valued at $11.7 trillion

Data on reserves from CIA World Factbook; price per barrel $112.44
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[slide
permalink=”4-iraq-12″
title=”#4 Iraq”
content=”Iraq has 115 billion barrels of oil

Its reserves are valued at $12.9 trillion

Data on reserves from CIA World Factbook; price per barrel $112.44
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[slide
permalink=”3-iran-13″
title=”#3 Iran”
content=”Iran has 175.2 billion barrels of oil

Its reserves are valued at $19.7 trillion

Data on reserves from CIA World Factbook; price per barrel $112.44
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[slide
permalink=”2-canada-14″
title=”#2 Canada”
content=”Canada has 175.2 billion barrels of oil

Its reserves are valued at $19.7 trillion

Data on reserves from CIA World Factbook; price per barrel $112.44
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[slide
permalink=”1-saudi-arabia-15″
title=”#1 Saudi Arabia”
content=”Saudi Arabia has 264.6 billion barrels of oil

Its reserves are valued at $29.75 trillion

Data on reserves from CIA World Factbook; price per barrel $112.44
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[slide
permalink=”but-does-having-a-ton-of-oil-mean-your-gas-is-cheap-16″
title=”But does having a ton of oil mean your gas is cheap?”
content=”The 15 Cheapest Places To Buy Gas In The World >
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