published in energy
World oil reserves at 2016
The reserves of a fuel represent the amount still to be extracted. This chart highlights oil reserves at 31 December 2016 in the top 10 countries and in the rest of the world. It can be seen that the first five countries (Venezuela, Saudi Arabia, Canada, Iran e Iraq) possess 63.4% of worldwide oil reserves. Data source: eni, World Oil & Gas Review 2017.