The latest world oil reserves of the TOP12 countries came out, and where will the China's barite go in the future?

2018-06-22

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Since the traditional agricultural society was changed by the industrial revolution, oil has been accompanied by the development of modern industry. Nowadays, the importance of oil is enough to change the internal affairs of a country, the peace of a region.

Recently, the Swiss bank who has published the top 12 countries in the latest world oil reserves, and listed as below:


The Twelfth

Qatar

Having been Proven oil reserves: 25 billion 400 million barrels, accounting for 1.72% of global reserves: 1 million 440 thousand barrels per day and 67 years.


The Eleventh

Kazakhstan

Proven oil reserves: 30 billion barrels, accounting for 2.04% of global reserves: 1 million 610 thousand barrels per day and 51 years.


The Tenth

Nigeria

Proven oil reserves: 37 billion 200 million barrels, accounting for 2.53% of global reserves: 2 million 460 thousand barrels per day and 42 years.


The Ninth

Libya

Proven oil reserves: 44 billion 300 million barrels, accounting for 3.15% of global reserves: 1 million 790 thousand barrels per day and 68 years.


The Eighth

Russia

Proven oil reserves: 60 billion barrels, accounting for 4.07% of global reserves: 10 million 270 thousand barrels per day and 16 years.


The Seventh

The United Arab Emirates

Proven oil reserves: 97 billion 800 million barrels, accounting for 6.65% of global reserves: 2 million 810 thousand barrels per day and 95 years.


The Sixth

Kuwait

Proven oil reserves: 104 billion barrels, accounting for 7.07% of global reserves: 2 million 450 thousand barrels per day and 116 years.


The Fifth

Iraq

Proven oil reserves: 115 billion barrels, accounting for 7.82% of global reserves: 2 million 640 thousand barrels per day and 119 years.


The Fourth

Iran

Proven oil reserves: 137 billion barrels, accounting for 9.31% of global reserves: 4 million 250 thousand barrels per day and 88 years.


The Third

Canada

Proven oil reserves: 175 billion 200 million barrels, accounting for 11.91% of global reserves: 3 million 480 thousand barrels per day and 137 years.

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