Top 10 Countries With The Largest Oil Reserves
Oil is one of the world's most important and valuable natural resources, with a crucial role in powering economies and industries across the globe. The proven oil reserves of a country are a measure of its oil wealth and a key factor in its geopolitical and economic importance.
According to the latest estimates from the US Energy Information Administration (EIA), the top 10 countries with the largest proven oil reserves as of 2021 are:
Venezuela - 300.9 billion barrels
Saudi Arabia - 297.7 billion barrels
Canada - 169.7 billion barrels
Iran - 155.6 billion barrels
Iraq - 145.0 billion barrels
Kuwait - 101.5 billion barrels
United Arab Emirates (UAE) - 97.8 billion barrels
Russia - 80.0 billion barrels
Libya - 48.4 billion barrels
Nigeria - 36.9 billion barrels