Countries with the Largest Oil Reserves in 2021

The latest total oil reserves in the world amount to 1757 billion barrels.

This amount can last for 55 years assuming the daily global oil consumption of 97 million barrels per day.

Here are the world’s top 20 countries having the largest oil reserves in billions of barrels in 2021.

1. Venezuela – 303.8
2. Saudi Arabia – 258.6
3. Iran – 208.6
4. Canada – 170.3
5. Iraq – 145
6. Russia – 108
7. Kuwait – 101.5
8. United Arab Emirates – 97.8
9. Libya – 48.4
10. USA – 47.1
11. Nigeria – 36.9
12. Kazakhstan – 30
13. China – 26
14. Qatar – 25.2
15. Brazil – 12.7
16. Algeria – 12.2
17. Ecuador – 8.3
18. Norway – 8.1
19. Angola – 7.8
20. Azerbaijan – 7