Daily Almanac for
Feb. 23, 2005
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Greatest Oil Reserves by Country, 2003

2002
rank		Country2003 proved reserves
(billion barrels)
1. Saudi Arabia261.7
2.Iraq115.0
3.Iran100.1
4.Kuwait98.9
5.United Arab Emirates63.0
6.Russia58.8
7.Venezuela53.1
8.Nigeria32.0
9.Libya30.0
10.China23.7
NOTES: Figures for Russia are “explored reserves,” which are understood to be proved plus some probable. All other figures are proved reserves recoverable with present technology and prices.
Source: World Oil, Vol. 224, No. 8 (Aug. 2003). From: U.S. Energy Information Administration, International Energy Annual 2002 (March–June 2004).

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