According to research by international analysts, a list of countries by proven oil reserves worldwide has been announced. Based on the research, Azerbaijan ranks 18th in the world for proven oil reserves. Our country possesses 7 billion barrels of oil reserves.
Modern.az presents the list of leading countries by oil reserves worldwide:
1. Venezuela – 303 billion barrels
2. Saudi Arabia – 267 billion barrels
3. Iran – 209 billion barrels
4. Canada – 163 billion barrels
5. Iraq – 145 billion barrels
6. United Arab Emirates – 113 billion barrels
7. Kuwait – 102 billion barrels
8. Russia – 80 billion barrels
9. Libya – 48.4 billion barrels
10. USA – 45 billion barrels
11. Nigeria – 37 billion barrels
12. Kazakhstan – 30 billion barrels
13. China – 28 billion barrels
14. Qatar – 25 billion barrels
15. Brazil – 15.9 billion barrels
16. Algeria – 12.2 billion barrels
17. Ecuador – 8.3 billion barrels
18. Azerbaijan – 7 billion barrels
19. Norway – 6.9 billion barrels
20. Oman – 5 billion barrels
21. Sudan – 5 billion barrels
22. Vietnam – 4.4 billion barrels
23. Egypt – 3.3 billion barrels
24. Argentina – 3 billion barrels
25. Angola – 2.6 billion barrels
26. Malaysia – 2.7 billion barrels
27. Indonesia – 2.4 billion barrels
28. Colombia – 2 billion barrels
29. Australia – 1.8 billion barrels
30. United Kingdom – 1.5 billion barrels
31. Brunei – 1.1 billion barrels
32. Ecuador – 8.3 billion barrels
33. Gabon – 2 billion barrels
34. Congo – 1.6 billion barrels
35. Chad – 1.5 billion barrels
36. Peru – 1 billion barrels
37. Denmark – 0.4 billion barrels
38. Ukraine – 0.4 billion barrels
39. Belarus – 0.2 billion barrels
40. Turkmenistan – 0.6 billion barrels
41. Uzbekistan – 0.6 billion barrels
42. Chile – 0.2 billion barrels
