World Oil Reserves by Country, 2006

Rank Country Proved reserves

(billion barrels)

1. Saudi Arabia 264.3

2. Canada 178.8

3. Iran 132.5

4. Iraq 115.0

5. Kuwait 101.5

6. United Arab Emirates 97.8

7. Venezuela 79.7

8. Russia 60.0

9. Libya 39.1

10. Nigeria 35.9

11. United States 21.4

12. China 18.3

13. Qatar 15.2

14. Mexico 12.9

15. Algeria 11.4

16. Brazil 11.2

17. Kazakhstan 9.0

18. Norway 7.7

19. Azerbaijan 7.0

20. India 5.8

Top 20 countries 1224.5 (95%)

Rest of world 68.1 (5%)

World total 1,292.6

NOTES: Proved reserves are estimated with reasonable certainty to be recoverable with present technology and prices.

Source: Oil & Gas Journal, Vol. 103, No. 47 (Dec. 19, 2005). From: U.S. Energy Information