File Oil Reserves.png thumb 400px right Proven OilReserves, as published by the CIA Factbook, 2009 The total ... . The ratio of producible oilreserves to total oil in place for a given field is often referred ..., ref cite web title OilReserves publisher BP Global year 2008 url http www.bp.com sectiongenericarticle.do ... recovery . Based on data from OPEC at the beginning of 2011 the highest proved oilreserves including non conventional oil deposits are in Venezuela 20 of global reserves , Energy in Saudi Arabia Saudi ... OPEC cite web title OPEC Share of World OilReserves 2010 publisher OPEC year 2011 url http www.opec.org ... of an oil field are conservative and tend to grow with time. This phenomenon is called Oilreserves ... The Intricate Puzzle of Oil and Gas Reserves Growth version publisher U.S. Energy Information Administration ... provide Oilreserves OPEC countries unaudited claims for their oilreserves. The numbers disclosed ... web title Proven OilReserves publisher moneyterms.co.uk year 2008 url http moneyterms.co.uk proven oilreserves accessdate 2008 04 17 ref ref The Asylum, Leah McGrath Goodman, 2011, Harper Collins ... the oil to the surface. ref name SPE Glossary ref name Hyne Until December 2009 1P proven reserves ... purposes. Unproven reserves File Oil well3419.jpg thumb right An oil well in Canada , which has the world s third largest oilreserves. Unproven reserves are based on geological and or engineering ... strategic petroleum reserves Many countries maintain government controlled oilreserves for both ... , approximately convert 4.1 Goilbbl m3 of oil are held in strategic reserves, of which 1.4 billion ... a nation s oilreserves. Resources Image Total World Oil Reserves.PNG thumb Unconventional oil ... oil endowment.png thumb right Cumulative oil production plus remaining reserves and undiscovered resources ... exceeds the amount of conventional oilreserves, but are much more difficult and expensive ... oilreserves. These methods can be grouped into three general categories volumetric , material balance ... more details
Oilreserves in Kuwait make up 8 of the oilreserves in the world. Kuwait is OPEC s third largest oil producer and claims to hold approximately convert 104 Goilbbl e9m3 . This includes half of the convert 5 Goilbbl e6m3 in the Saudi Kuwaiti neutral zone which Kuwait shares with Saudi Arabia. Most of Kuwait s oilreserves are located in the convert 70 Goilbbl e9m3 Burgan field , the second largest conventional oil field in the world, which has been producing oil since 1938. Since most of Kuwait s major oil fields are over 60 years old, maintaining production rates is becoming a problem. References reflist Kuwait topics Oilreserves country articles Category Energy in Kuwait Category Oilreserves by country Kuwait Category Geology of Kuwait fr R serves de p trole au Kowe t ... more details
Oilreserves in Iraq will be the largest in the world according to recent geological surveys and seismic ... sectors natural resources article3964957.ece Iraq has the largest oilreserves in the world ref The Iraqi government has stated that new exploration showed Iraq has the world s largest proven oilreserves, with more than 350 billion barrels. ref name business.timesonline.co.uk Officially confirmed reserves ... http www.cnn.com 2010 WORLD meast 10 04 iraq.oil.reserves index.html work CNN title Iraqi oilreserves ... about Iraq s oilreserves is indicated by the fact that the U.S. Department of Energy DOE estimated ..., roads, airports, housing, hospitals . Iraq s oil deposits hold known reserves of 43 billion barrels ... on oil contracts and terms, from SIGIR References reflist br Iraq topics Oilreserves country articles DEFAULTSORT OilReserves In Iraq Category Energy in Iraq Category Oilreserves by country Iraq ... that unexplored territory may contain vastly larger reserves. ref name EIAIraq cite web title Iraq Oil work Country Analysis Briefs publisher US Energy Information Administration year 2007 url ... it was closer to convert 78 Goilbbl e9m3 abbr on and Iraq s prewar deputy oil minister claimed it might ... and unrest, much of Iraq oil wells are run down and unkept. Repairs to the wells and oil facilities should make far more oil available economically from the same deposits. In fact, Iraq may prove to be contain the largest extractable deposits of oil in the entire Middle East once this upgrading ... How Much Oil Does Iraq Have? version publisher The Brookings Institution year 2003 url http www.brookings.edu ... of sanctions and two Gulf Wars, Iraq s oil infrastructure needs modernization and investment. Despite a large reconstruction effort, the Iraqi oil industry has not been able to meet hydrocarbon ... 100 billion or higher, of which more than a third will go to the oil, gas and electricity sectors. Another challenge to Iraq s development of the oil sector is that resources are not evenly divided ... more details
Although Libya has more reserves, there were convert 37.2 Goilbbl of proven oilreserves in Nigeria as of 2011, ranking the country as the largest oil producer in Africa and the 11th largest in the world, averaging convert 2.28 Moilbbl d in 2006. At current rates this would be 45 years of supply if no new oil was found. Oil pipeline Pipeline vandalism, kidnappings, and militant takeover of oil facilities have reduced production, which could be increased to convert 3 Moilbbl d in the absence of such problems. The Nigerian government hopes to increase oil production capacity to convert 4 Moilbbl d abbr on by 2010. Nigeria is the world s eighth largest exporter of crude oil and sends 42 of its exports to the United States. Nigeria is heavily dependent on the oil sector, which accounts for 95 of its export revenues. ref cite web title Nigeria Oil work Country Analysis Briefs publisher US Energy Information Administration date 2007 url http www.eia.doe.gov emeu cabs Nigeria Oil.html accessdate 2008 01 20 ref Prospective resources Nigeria and S o Tom and Pr ncipe S o Tom have an agreement in which the Joint Development Authority was created to explore and produce oil in the waters between Sao Tome and Nigeria. Nigeria and Sao Tome share this area, called the Joint Development Zone, or JDZ. This area could contain up to, or over, 14 billion barrels of oil. In 2006, Chevron Corporation Chevron drilled an exploratory well called OBO 1 and news reports came out that they had discovered over a thousand million barrels of oil in block 1 alone. The news, reported on CNN, AP, References Reflist http www.opec.org opec web en about us 167.htm Oilreserves country articles Category Energy in Nigeria Category Oilreserves by country Nigeria Category Geology of Nigeria fr R serves de p trole au Nig ria ... more details
File Venezuela Oil Reserves.png thumb right Reported proven reserves for Saudi Arabia blue and Venezuela red Proven oilreserves in Saudi Arabia are the second largest claimed in the world, estimated to be convert ... zone . These reserves were the largest in the world until Venezuela announced they had increased oilreserves in Venezuela their proven reserves to 297 Gbbl in January 2011. ref name english.ahram.org.eg http english.ahram.org.eg NewsContent 3 14 4060 Business Markets Companies Venezuela Oilreserves surpasses Saudi Arabias.aspx Venezuela Oilreserves surpasses Saudi Arabia s at english.ahram.org.eg ref The Saudi reserves are about one fifth of the world s total conventional oilreserves, a large fraction of these reserves comes from a small number of very large oil fields, and past production amounts to 40 of the stated reserves. Major oil fields Although Saudi Arabia has around 100 major oil and gas fields, over half of its oilreserves are contained in only eight giant oil field s, including the Ghawar Field , the biggest oil field in the world with an estimated 70 Gbbl of remaining reserves. 90 of Saudi Arabia s oil production comes from five fields and up to 60 of its production ... Security url http www.iags.org n0331043.htm title New study raises doubts about Saudi oilreserves date ... title New study raises doubts about Saudi oilreserves date 2004 03 31 accessdate 2008 01 05 ref ... the US that the oilreserves in Saudi Arabia might in fact be 40 lower than claimed 300bn barrels . ref cite news url http www.guardian.co.uk business 2011 feb 08 saudi oilreserves overstated ... accessdate 9 February 2011 title Saudi oilreserves overstated publisher Al Jazeera ref Gallery gallery ... World oilreserves before the increase from Venezuela gallery See also Energy in Saudi Arabia Saudi Arabian oil References Reflist Oilreserves country articles Saudi Arabia topics Category Energy in Saudi Arabia Category Oilreserves by country Saudi Arabia Category Geology of Saudi Arabia ... more details
Canadianpetroleumhistory Oilreserves in Canada were estimated at convert 179 Goilbbl e9m3 sigfig 2 in 2007. This figure includes oil sands reserves which are estimated by government regulators to be economically ..., Canada s reserves are third only to Oilreserves in Venezuela Venezuela and Oilreserves in Saudi Arabia Saudi Arabia . Over 95 of these reserves are in the oil sands deposits in the province ... DOC accessdate 2006 12 04 ref Alberta has 39 of Canada s remaining conventional oilreserves, offshore Newfoundland 28 and Saskatchewan 27 , but if oil sands are included, Alberta s share is over 98 ... oil sands deposits as proven reserves was made by the Alberta Energy and Utilities Board ... of the petroleum industry in Canada oil sands and heavy oil References Reflist Oilreserves country ... fields of Alberta Category Bituminous sands of Canada Category Oilreserves by country Canada Category ... 2007 10 07 ref Alberta contains nearly all of Canada s oil sands and much of its conventional oilreserves. The balance is concentrated in several other provinces and territories. Saskatchewan and offshore areas of Newfoundland and Labrador Newfoundland in particular have substantial oil production and reserves. ref Cite journal author USask title Canadian frontier petroleum publisher University ... cndnnrgyvrvw2007 eng.html s4 4 accessdate 2008 07 30 ref Status Image Canadian Oil Production 1960 to 2020.png thumb left Canadian conventional oil production peaked in 1973, but oil sands production ... and is both an importer and exporter of oil and refined products. In 2006, in addition to producing ... over imports was convert 400 Moilbbl e6m3 . Over 99 of Canadian oil exports are sent to the United States, and Canada is the United States largest supplier of oil. ref cite web last EIA title Crude Oil ... url http www.eia.doe.gov pub oil gas petroleum data publications company level imports current import.html ... ERCB title ST98 Alberta s Energy Reserves 2007 and Supply Demand Outlook 2008 2017 publisher Alberta ... more details
NewsContent 3 14 4060 Business Markets Companies Venezuela Oilreserves surpasses Saudi Arabias.aspx Venezuela Oilreserves surpasses Saudi Arabia s at english.ahram.org.eg ref OPEC said that Saudi Arabia s reserves stood at convert 265 Goilbbl m3 in 2009. ref http www.cnbc.com id 41101601 Venezuela Says OilReserves Surpass Saudi Arabia s Venezuela Says OilReserves Surpass Saudi Arabia s Reuters ... blue Already by 2009, Venezuela reported convert 211.17 Goilbbl m3 of conventional oilreserves ... production at current rates. In October 2007, the Venezuelan government said its proven oilreserves ...&sid aaI3fdsVdKLk title Venezuela s Proven OilReserves Rise to convert 100 Goilbbl e9m3 author Matthew Walter date 2007 10 07 accessdate 2008 01 05 ref In February 2008, Venezuelan proven oilreserves ... publisher USGS language en accessdate 23 January 2010 ref Venezuela s development of its oilreserves ... reflist Oilreserves country articles Petroleum industry Category Energy in Venezuela Category Oilreserves by country Venezuela Category Geology of Venezuela es Reservas de petr leo en Venezuela ...File Orinoco USGS.jpg thumb right Orinoco Belt Orinoco Oil Belt assessment unit, USGS The proven oilreserves in Venezuela are claimed to be the largest in the world, according to an announcement in early ... government . The reported proven reserves reach convert 297 Goilbbl m3 , surpassing that of the previous ... exploitation technologies on the Orinoco Oil Belt applying geostatistical methods title World Heavy Oil Conference, Beijing, China November 12 15, 2006 Proceedings volume Paper 2006 774 pages 12 ref Of this, the United ... recoverable, which would make Venezuela s total recoverable reserves proven and unproven among ... year 2009 title An estimate of recoverable heavy oil resources of the Orinoco Oil Belt, Venezuela U.S. ... 2 hi 8476395.stm Venezuela oil may double Saudi Arabia BBC ref The technology needed to recover ultra heavy crude oil, such as in most of the Orinoco Belt, may be much more complex and expensive ... more details
number, this would be 65 of reserves. The drilling of oil wells in Libya was first authorised by the Petroleum ... Oil Corporation is the largest oil company of Libya. References reflist Libya topics Oilreserves country articles Category Energy in Libya Category Oilreserves by country Libya Category Geology ...File Libya location map oil & gas 2011 en.svg thumb 400px right Libyan s Oil field, pipeline, reffineries and storages. Oilreserves in Libya are the largest in Africa and the Fivith largest Citation needed date April 2012 in the world with convert 76.4 Goilbbl as of 2010. Oil production was convert 3.1 Moilbbl d as of 2010, giving Libya 77 years of reserves at current production rates if no new reserves were to be found. ref Cite document title Oil work BP Statistical Review of World Energy June 2011 publisher BP date 2011 url http www.bp.com liveassets bp internet globalbp globalbp uk english reports and publications statistical energy review 2011 STAGING local assets pdf oil section 2011.pdf accessdate 2011 10 24 postscript None ref Libya is considered a highly attractive oil area due to its low cost of oil production as low as 1 per Barrel volume Oil barrel barrel at some fields , and proximity ... finding and developing new oil fields. Most of Libya remains unexplored as a result of past sanctions and disagreements with foreign oil companies. ref cite web title Libya Oil work Country Analysis Briefs ... emeu cabs Libya Oil.html archivedate 2008 06 14 ref The majority 85 of Libyan oil is exported ... economic report.aspx?id 1065929081 accessdate 2011 10 24 ref 11 or convert 403 Moilbbl of oil imports ... and Russia. ref Cite document title Registration of Crude Oil Imports and Deliveries in the European ... date 2011 url http ec.europa.eu energy observatory oil doc import coi eu coi from extra eu 2010 .... ref Cite document title Daily and Cumulative Crude Oil Production in OPEC Members work OPEC Annual ... oil industry year 1980 last Waddams first Frank C. publisher Taylor & Francis isbn 9780709903529 series ... more details
update date November 2010 Refimprove date June 2011 Although commercial quantities of offshore oilreserves in Ghana were discovered in the 1970s, by 1990 production was still negligible. In 1983 the government established the Ghana National Petroleum Corporation GNPC to promote exploration and production, and the company reached agreements with a number of foreign firms. The most important of these permitted US based Amoco to prospect in ten offshore blocks between Ada, Ghana Ada and the western border with Togo . Petro Canada International has prospected in the Tano River Basin, and Diamond Shamrock in the Keta Basin. In 1989 three companies, two American and one Dutch, spent US 30 million ... to have up to convert 5 Goilbbl m3 of oil in Oilreservesreserves . ref McLure, Jason. http www.bloomberg.com news 2010 12 01 ghana oilreserves to be 5 billion barrels in 5 years as fields develop.html Ghana OilReserves to Be convert 5 Goilbbl m3 in 5 years as fields develop . Bloomberg Television ... Economy of Ghana Oilreserves country articles DEFAULTSORT OilReserves In Ghana Category Oil fields in Ghana Category Oilreserves by country Ghana fr R serves de p trole au Ghana ... 6900 oilbbl m3 of oil daily. ref name cs Clark, Nancy L. Petroleum Exploration . http lcweb2.loc.gov ... domain . http lcweb2.loc.gov frd cs about.html ref See map at Tullow Oil s website http www.tullowoil.com tlw operations africa ghana . In the early 1990s, GNPC reviewed all earlier oil and gas discoveries ... a contract in 1992 with Angola s state oil company, Sonangol , that provides for drilling and, ultimately, production at two of Sonangol s offshore oilfields. GNPC will be paid with a share of the oil ... will rise from 28,000 to 34,000 barrels per day. Construction on the new Tema Akosombo oil products .... ref name cs The Tema Lube Oil Company commissioned its new oil blending plant, designed to produce 25,000 tons of oil per year, in 1992. The plant will satisfy all of Ghana s requirements for motor ... more details
Multiple issues lead missing March 2011 update april 2012 context March 2011 Image US Proven OilReserves 1900 to 2005.png thumb right 200px United States oilreserves peaked sharply in 1970 Proven Oilreserves Proved reservesoilreserves in the United States are convert 21 Goilbbl , excluding the Strategic ... recoverable oilreserves in all areas of the United States including technically recoverable oil from shale to be 1.442 trillion barrels of oil. ref http energyforamerica.org wp content uploads 2012 01 Energy InventoryFINAL.pdf ref Excluding unconventional reserves ie shale, tar sands, etc , the Energy Information Administration estimates United States technically recoverable oilreserves to be 198 ... obama claim us has 2 percent world oil ref Proven reserves Image US Oil Production and Imports 1920 to 2005.png thumb right 200px United States oil production peaked in 1970. By 2005 imports were twice production. United States proven oilreserves were convert 21 Goilbbl in 2006 according to the Energy ... Dept. of Energy. http www.eia.doe.gov oil gas natural gas data publications crude oil natural gas reserves cr.html Total U.S. Proved Reserves of Crude Oil 1996 2006 , Released Date December 31, 2007 ... reserves The United States has the largest known deposits of oil shale in the world, according to the Bureau ... production of oil from oil shale in the United States. See also Portal Energy Oilreserves Strategic Petroleum Reserve References Reflist 2 Oilreserves country articles DEFAULTSORT OilReserves In The United States Category Energy in the United States Category Oilreserves by country United ... oil production has been declining since reaching a smaller secondary production peak in 1988 caused by Alaskan production . Total production of crude oil from 1970 through 2006 was convert 102 Goilbbl , or roughly five and a half times the decline in proved reserves. ref name Energy Information Agency cite web last Energy Information Agency first EIA title Crude Oil Production publisher U.S. Department ... more details
York Times Oilreserves country articles Category Energy in Cuba Category Oilreserves by country ...A 2004 joint partnership between a Spanish oil company and Cuba s state oil company CUPET estimated Cuba s off shore reserves to be able to ultimately produce between 4.6 and 9.3 billion barrels of crude oil. ref cite journal title A Brief Energy Outlook for the XXI Century journal Munich Personal RePEc Archive author Lorca Susino, Maria url http mpra.ub.uni muenchen.de 9557 1 MPRA paper 9557.pdf format pdf accessdate 2008 10 17 ref The US Geological Survey USGS estimates that Cuba has 9 billion barrels of oil. In October 2008, the Cuban government announced that it had discovered oil basins which would double its total oilreserves to 20 billion barrels, mostly in off shore oil. If the estimates are accurate, then Cuba would have one of the top 20 reserves in the world. ref http news.bbc.co.uk 2 hi americas 7675234.stm BBC claims massive oilreserves ref By 2010 an active leasing program for blocks of the ocean floor north and west of Cuba was underway. No U.S. companies were participating due to the United States embargo against Cuba . Companies, and state owned firms, from Brazil, India, Norway, Russia, Spain, Venezuela, Vietnam have taken leases. Despite the areas leasing being close to tourist areas in Florida and Cuba, Cuba does not have the equipment or expertise to handle a major oil spill. ref name NYT cite news title Gazprom of Russia to Drill for Oil in Cuban Waters first Andrew E. last Kramer newspaper The New York Times date November 15, 2010 url https www.nytimes.com 2010 11 16 business global 16oil.html accessdate November 16, 2010 ref References reflist External links http www.latinbusinesschronicle.com app article.aspx?id 3366 U.S. Presence in Cuba Oil? by Jorge Pinon, Latin Business Chronicle , May 4 2009 http www.nytimes.com imagepages 2010 09 30 business global 30cubaMap.html?ref americas Map Showing the Planned Off Shore Drilling Site http www.nytimes.com ... more details
There are several different estimates of proven oilreserves in Russia . Most estimates include only Western Siberian reserves, exploited since the 1970s and supplying two thirds of Russian oil, and not potentially huge reserves elsewhere. In 2005, the Russian Ministry of Natural Resources estimated that another convert 4.7 Goilbbl e9m3 of oil exist in Eastern Siberia . ref name eiarussia cite web title Russia Oil work Country Analysis Briefs publisher US Energy Information Administration year 2007 ... . class wikitable Estimates of Russian oilreserves ref http www.theoildrum.com story 2006 2 9 211031 3684 The Oil Drum Uncertainties About Russian Reserves and Future Production Bot generated title ref ... ref References reflist Economy of Russia Oilreserves country articles Petroleum industry Category Oil fields of Russia Category Energy in Russia Category Oilreserves by country Russia Category Geology ... several years. Russia reached a peak oil peak of convert 12.5 Moilbbl d in total liquids in 1988 ... oil output began in 1999, which many analysts attribute to the privatization of the industry. Higher world oil prices, the use of Japanese technology , and the rejuvenation of old oil fields also helped ... vice president Leonid Fedun said 1 trillion would have to be spent on developing new reserves ... BBC News url http news.bbc.co.uk 2 hi business 7348463.stm title Threat to future of Russia oil date ... of Russian oil production was export ed, while the remaining 30 percent was refined locally. ref cite web title Russia Oil Exports work Country Analysis Briefs publisher US Energy Information Administration year 2007 url http www.eia.doe.gov emeu cabs Russia Oil exports.html accessdate 2008 01 03 ... 2007, oil production started to decline again in 2008. The government Russian government proposed tax cuts on oil in an attempt to stimulate production. ref cite news last Elder first Miriam title Russian leaders pledge to stimulate oil production publisher International Herald Tribute date 2008 05 ... more details
of the countries with most oilreserves after Arabia and Canada, yet, it will take Mexico upwards of nine years to fully exploit these reserves at the current pace of the Mexican oil industry. ref ... industry in Mexico References Reflist Oilreserves country articles Category Energy in Mexico Category Oilreserves by country Mexico Category Geology of Mexico es Reservas de petr leo en M xico ...Deleted image removed Image Offshore map.jpg thumb Mexico s Major Southern offshore oil fields. Mexico is estimated to have about 12.4 billion barrels of oilreserves deletable image caption Image Mexican Petroleum Production.PNG thumb 200px Mexican production peaked in 2004 and is now in decline The Oil & Gas Journal OGJ estimated that as of 2007, the Oilreserves proven oilreserves in Mexico were convert 12.4 Goilbbl . Mexico was the sixth largest oil producer in the world as of 2006, producing convert 3.71 Moilbbl d of petroleum products, of which convert 3.25 Moilbbl d was crude oil. Mexican oil production has started to decline rapidly. The U.S. Energy Information Administration had estimated ... and convert 3.32 Moilbbl d in 2008. ref name EIAMex cite web title Mexico Oil work Country Analysis ... Oil.html accessdate 2008 01 23 ref Mexican crude oil production fell in 2007, and was below convert 3.0 Moilbbl d by the start of 2008. In mid 2008, Pemex said that it would try to keep crude oil ... s Pemex says year end oil output to miss goal publisher Reuters date July 30, 2008 url http www.reuters.com ... levels even with foreign investment. ref cite web title Mexico says reform won t reverse oil woes ... idUSN2934804720080729 accessdate 2008 08 08 ref The constitution of Mexico gives the state oil company, Pemex , exclusive rights over oil production, and the Mexican government treats Pemex as a major ... of Mexico s production decline involves one enormous oil field in the Gulf of Mexico . From 1979 to 2007, Mexico produced most of its oil from the supergiant Cantarell Field , which used to be the second ... more details
File CIAIranKarteOelGas.jpg thumb Iran s Oil and Gas Fields and Infrastructures Oilreserves in Iran ... e9m3 as of 2007, although it ranks second if Oilreserves Canadian reserves of unconventional oil are excluded ..., Iran s oilreserves would last 98 years if no new oil was found. Iran has more than a century of history .... ref name opec.org Iran oilreserves at the beginning of 2001 was reported to be about 99 billion ... barrels of recoverable reserves to the Iranian oilreserves. The 2002 NIOC reserve revision has ... of oil to Iran s Oil in place reserves. Revision of the field s recovery factors which increased ... fields Oilreserves country articles DEFAULTSORT OilReserves In Iran Category Oil fields of Iran Category Oilreserves by country Iran Category Geology of Iran es Reservas de petr leo en Ir n fa ... This is roughly 10 of the world s total proven petroleum reserves. Iran is the world s fourth largest oil producer and is OPEC s second largest producer after Saudi Arabia. As of 2009 it was producing an estimated convert 4.172 Moilbbl d of crude oil. ref https www.cia.gov library publications the world ... 1 on May 26, 1908. Since then, based on the latest oil and gas reports, 145 hydrocarbon fields and 297 oil and gas reservoirs have been discovered in Iran, with many fields having multiple pay zones. A total of 102 fields are oil and the remaining 43 are gas, and there are 205 oil reservoirs ... Oil work Country Analysis Briefs publisher US Energy Information Administration year 2007 url http ... Energy Information Administration accessdate 2009 05 17 ref Iran s mature oil fields are in need of enhanced oil recovery EOR techniques such as gas injection to maintain production, ref name EIAIran ... technology it is only possible to extract 20 to 25 of the oil in place ref name EIAIran from ... oil fields. ref name EIAIran Iran consumed convert 1.6 Moilbbl d of its own oil as of 2006. Domestic ... reduces the amount of oil available for export. Due to a lack of refinery capacity, Iran was the second ... more details
Oil shale reserves refers to oil shale resources that are recoverable under given economic restraints and technological abilities. Oil shale deposits range from small presently non economic occurrences to large presently commercially exploitable reserves. Defining oil shale reserves is difficult, as the chemical composition of different oil shales, as well as their kerogen content and extraction technologies, vary significantly. The economic feasibility of shale oil extraction is highly dependent on the price of conventional oil if the price of crude oil per barrel is less than the production price per barrel of shale oil, it is uneconomic. As source rocks for most conventional oil reservoir s, oil shale deposits are found in all world oil provinces, although most of them are too deep to be exploited ... s equivalent to yield of convert 2.8 to 3.3 Toilbbl e9m3 of shale oil, with the largest reserves ... isbn 978 92 64 08624 1 ref For comparison, the world s proven conventional oilreserves estimated ... of reserves See also Shale oil extraction Oil shale economics Estimating shale oilreserves is complicated ... oil. As a result, the estimated amounts of resources and reserves display wide variance. The kerogen ... below reports reserves by estimated amount of shale oil. Shale oil refers to synthetic oil obtained ... shale oil ref name wec ref name un Cite web title Crude petroleum reserves from oil shale publisher ... oil shale reserves in Egypt , South Africa, Madagascar , and Nigeria . The main deposits of Egypt ... first5 M. V. title Oil Shales in the world and Turkey reserves, current situation and future prospects ... 16 issn 0208 189X ref Smaller oil shale reserves have also been found in Assam India , Pakistan , Uzbekistan ... oil shale reserves in Europe are located in Russia equal to 35.47 billion metric tons ... metric tons of shale oil . There are oil shale reserves also in Germany , Luxembourg , Spain , Bulgaria ... as reserves. Well explored deposits, which could be classified as reserves, include the Green ... more details
and easy conclusion to draw. Royal Dutch Shell Shell , the first to discover oil in these areas .... 2008 http www.globalsecurity.org . ref . However, the region s main oil producers, Indonesia , Malaysia and Vietnam, are planning for a future as oil importers as their oil output declines and domestic demand rises. As Indonesia became a net importer of oil, the country declared its own suspension ... more details
Unreferenced stub auto yes date December 2009 The United States Office of Naval Petroleum and Oil Shale Reserves is part of the US Department of Energy . It was established in 1912 to monitor and analyse the US s oil shale reserves. DEFAULTSORT Office Of Naval Petroleum And Oil Shale Reserves Category 1912 establishments in the United States Category Oil shale Category United States Department of Energy agencies Category Petroleum in the United States US gov stub ... more details
Oilreserves in the United Arab Emirates , according to its government, are about convert 98 Goilbbl e9m3 , almost as big as Kuwait s claimed reserves. Of the emirates, Abu Dhabi has most of the oil with convert 92 Goilbbl e9m3 while Dubai has convert 4 Goilbbl e6m3 and Sharjah emirate Sharjah has convert 1.5 Goilbbl e6m3 . Most of the oil is in the Zakum field which is the third largest in the Middle East with an estimated convert 66 Goilbbl e9m3 . The UAE produces about convert 2.9 Moilbbl d of total oil liquids, but has stated its intention to increase this to convert 5 Moilbbl d by 2014. The UAE s reserves to production is about 93 years. ref cite web title United Arab Emirates Oil work Country Analysis Briefs publisher US Energy Information Administration date 2007 url http www.eia.doe.gov emeu cabs UAE Oil.html accessdate 2008 04 27 ref References reflist Oilreserves country articles coord 24 58 29 N 53 40 47 E region AE AZ type waterbody source kolossus dewiki display title Category Energy in the United Arab Emirates Category Oilreserves by country United Arab Emirates Category Geology of the United Arab Emirates de Zakum fr R serves de p trole aux Emirats Arabes Unis ru ... more details
This is a list of countries by proven oilreserves . Proved reserves are those quantities of petroleum ... Barrel unit bbl 1 align left flag Venezuela small Oilreserves in Venezuela more information 2012 ... flag Saudi Arabia small Oilreserves in Saudi Arabia more information 2011 small ref http www.theoildrum.com node 7465 Saudi Oil Production and Reserves Reasons Behind Wikileaks Concerns The Oil Drum ... Energy Outlook 2011 US Energy Information Administration ref small Oilreserves in Canada more information 2011 small 255,200,000,000 4 align left flag Iran small Oilreserves in Iran more information small ref name OPEC 150,600,000,000 5 align left flag Iraq small Oilreserves in Iraq more information 2010 small 143,500,000,000 6 align left flag Mexico small Oilreserves in Mexico more information ... spanish ref 139,020,000,000 7 align left flag Kuwait small Oilreserves in Kuwait more information 2010 small 104,000,000,000 8 align left flag United Arab Emirates small Oilreserves in the United Arab Emirates more information 2008 small 97,800,000,000 9 align left flag Russia small Oilreserves in Russia more information 2009 small 74,200,000,000 10 align left flag Libya small Oilreserves in Libya more information 2010 small 47,000,000,000 11 align left flag Nigeria small Oilreserves in Nigeria ... 15 align left flag United States small Oilreserves in the United States more information small ... proven oilreserves by 0.5 in 2010 says bp Brazil, India, Russia increased global proven oilreserves ... European Union 5,453,000,000 25 align left flag Ghana small Oilreserves in Ghana more information ... 61 align left flag Cuba small Oilreserves in Cuba more information small 178,900,000 62 align ... rankorder 2178rank.html Est Proven OilReserves 2011 CIA Factbook Energy country lists Industry country lists DEFAULTSORT Proven OilReserves Category Economics lists by country Category Petroleum .... Different sources OPEC, CIA World Factbook, oil companies give different figures and there are different ... more details
barrels of proved and probable 2P oilreserves and 143mn barrels of proved, probable and possible 3P reserves. ref 3P reserves the sum of 2P proven reserves probable reserves possible reserves, all 3Ps proven AND probable AND possible. ref Offshore Oil Industry Lexicon 2 1 3P RESERVES Proven, Probable ..., along with 1P proved reserves, though oil companies also have to verify the independence of third ..., oil companies seek to convert 2P and 3P reserves into 1P reserves. ref Gianna Bern Investing .... ... ref See also Estimated ultimate recovery List of countries by proven oilreservesOilreserves ...Image Petroleum probabilities.JPG thumb right Proven reserves are a subset of producible reserves Proven reserves , also called proved reserves , measured reserves , 1P , and Reserves , are business or political ... definition proved reserves.html Business Dictionary Proved Reserves ref These terms relate to common fossil fuel reserves such as oilreserves see oilreserves main article , natural gas reserves, or coal reserves. Operating conditions includes operational break even price, regulatory and contractual ... into probable . Price changes therefore can have a large impact on classification of proven reserves. Regulatory and contractual conditions may change, and also affect proven reserves amount. Numbered ... political term proven reserves . However, the purely engineering term is also misleading in that squeezing ... bell curve , which is why measures like P90 and P95 were created. The term proven reserves is further subdivided into proved developed reserves and proved undeveloped reserves . Note that it DOES NOT include Unproven reserves , which is broken down into probable reserves as well as possible reserves which are those reserves that only have a 10 likelihood of being recoverable. ref http www.rwe.cz ... safer measures as 1P reserves proven reserves both proved developed reserves proved undeveloped reserves . 2P reserves 1P proven reserves probable reserves, hence proved AND probable. ref Petroleum review ... more details
Bank reserves are bank s holdings of deposit account deposit s in accounts with their central bank for instance the European Central Bank or the Federal Reserve , in the latter case including federal funds , plus currency that is physically held in the bank s bank vault vault vault cash . The central banks of some nations set minimum reserve requirement s. Even when no requirements are set, banks commonly wish to hold some reserves, called desired reserves , against unexpected events such as unusually large net withdrawals by customers or even bank run s. The Bank of England uses the term rest to describe the same concept. Terms Reserves on deposit deposit accounts at the central bank, owned by banks. Vault cash reserves held as cash in bank vaults rather than being on deposit at the central bank. Borrowed reserves bank reserves that were obtained by borrowing from the central bank. Non borrowed reserves bank reserves that were not obtained by borrowing from the central bank. Required reserves the amount of reserves that banks are required to hold, determined by the central bank as a function of a bank s deposit liabilities. Excess reserves bank reserves in excess of the reserve requirement . Free reserves the amount by which excess reserves exceed borrowed reserves. Vogel 2001 421 http books.google.com books?id qxynbtC3JQgC&pg PA421&lpg PA421&dq 22free reserves 22 economics&source web&ots K2in75505N&sig jYPV8DsYrTB6AoEPoK84EO4NoSQ Total reserves all bank reserves vault cash plus reserves on deposit at the central bank, also borrowed plus non borrowed, also required plus excess. See also Gold reserve Monetary base References Vogel, Harold L. 2001 . Entertainment Industry Economics A Guide for Financial Analysis . New York Cambridge University Press. ISBN 0521792649 Category Banking terms and equipment de Zentralbankgeld et Kohustuslik reserv sv Bankreserv no Ansvarlig kapital ... more details
Infobox Company company name S Oil company logo company type public company Public foundation 1977 location Seoul , South Korea key people Ahmed H. Subaey , Representative Director & CEO industry Energy & Petrochemicals revenue profit 20 billion USD 2010 homepage http www.s oil.com Infobox Korean name hangul rr Esseu Oil mr Ess Oil S Oil Corporation hangul is a petroleum and refinery company, headquartered in Seoul , Korea . It was established in 1976 by old name SsangYong Refinery hangul . It produces petroleum and lubricant products. It is similar to SK Corporation , GS Caltex , Hyundai Oil Bank . Corporate Governance CEO & Representative Director Ahmed A. Subaey As of March 2008 Ownership Aramco Overseas Company AOC 34.1 Hanjin Energy 27.4 As of October 2008 Products S Gasoline, S Diesel SSU Lubricant S Oil Bonus Card Ultra S Group III Lube Base oil Competitors SK Energy GS Caltex Hyundai Oil Bank See also Economy of South Korea List of Korea related topics External links http www.s oil.co.kr S Oil Homepage in Korean http www.s oil.com NexSoil ENG index.asp S Oil Homepage in English petroleum company stub SouthKorea company stub KOPA Category Oil companies of South Korea Category Chemical companies of South Korea Category Automotive fuel brands de S Oil ko S Oil ... more details
Other uses pp move indef pp semi indef An oil is any chemical substance substance that is liquid at Room ... solvents. This general definition includes vegetable oil s, volatile essential oils , petrochemistry petrochemical oils, and synthetic oils . Etymology First attested in English 1176, the word oil ... , olive oil, oil ref http www.perseus.tufts.edu hopper text?doc Perseus 3Atext 3A1999.04.0057 3Aentry ... s and similar chemicals often found in the oils produced by living things, while oil refers to an overall ... of the Cell . New York Garland Science, 2002, pp. 62, 118 119. ref Mineral oils Crude oil , or petroleum ... economy. Crude oil originates from ancient fossilized organic material s, such as zooplankton and algae , which geochemical processes convert into oil. ref cite journal doi 10.1016 j.orggeochem.2005.09.001 ... oil because it does not have an organic origin on human timescales, but is instead obtained from rocks, underground traps, or sands. Mineral oil also refers to several specific distillates of crude oil. Applications Unreferenced section date October 2009 File Italian olive oil 2007.jpg thumb right 75px A bottle of olive oil used in food Cosmetics Oils are applied to hair to give it a lustrous ... example, holy anointing oil has been an important ritual liquid for Judaism and Christianity . Painting Color pigments are easily Suspension chemistry suspended in oil, making it suitable as a supporting medium for Oil paint paints . The oldest known extant oil paintings date from 650 AD. ref http dsc.discovery.com news 2008 02 19 oldest oil painting.html Oldest Oil Paintings Found in Afghanistan ... in oil cooling , for instance in electric Transformer Coolant transformers . Oils are also used .... To obtain many fuel oils, crude oil is pumped from the ground and is shipped via oil tanker to an oil refinery . There, it is converted from crude oil to diesel fuel petrodiesel , ethane and other short chain alkanes , fuel oil s heaviest of commercial fuels, used in ships furnaces , gasoline petrol ... more details
t math Net Level Premium Reserves Net level premium reserves, also called benefit reserves, only involve .... The amount of prospective reserves at a point in time is derived by subtracting the actuarial present ... x A x t P x cdot ddot a x t math Where math P x frac A x ddot a x math Computation of actuarial reserves ... 300,000 in Year 1, 200,000 in year 2 and 150,000 in Year 3, and we are able to invest reserves to earn 8 p.a., the respective contributions to Actuarial Reserves are Year 1 300,000 x 1.08 sup 1 sup ... completed the computation of Actuarial Reserves. In the above example, if there were no expected future claims after year 3, our computation would give Actuarial Reserves of 568,320.38. See also Actuarial ... Reserves Category Actuarial science ja zh ... more details
In banking, excess reserves are bank reserves in excess of the reserve requirement set by a central bank . They are reserves of cash more than the required amounts. ref http www.yourdictionary.com business excess reserves American Heritage Dictionary of Business Terms, 2009 ref Holding excess reserves has an opportunity cost if higher risk adjusted interest can be earned by putting the funds elsewhere the advantage of holding some funds in excess reserves is that doing so may provide enhanced liquidity and therefore flexibility in bank operations. cn date April 2012 For banks in the U.S. Federal ... to hold their excess reserves in order to facilitate upcoming transactions or meet contractual clearing balance requirements. The minimum reserves and the excess reserves of private commercial banks are held ... with all currency and vault cash form the monetary base . Image EXCRESNS.png right thumb Excess reserves ... reserve balances as well as Reserve requirement required reserves . They began doing so three ..., the interest rate the Fed pays on bank reserves should set a floor on the overnight interest rate, as banks should be unwilling to lend reserves at a rate lower than they can receive from the Fed ... on reserves in recent months, reflecting the very high volume of excess reserves, the inexperience of banks with the new regime, and other factors. However, as excess reserves decline, financial conditions normalize, and banks adapt to the new regime, we expect the interest rate paid on reserves ... Week said Mr. Bernanke admitted that a huge increase in banks excess reserves is stifling the Fed ... Market Committee had decided that, the size of the balance sheet and level of excess reserves would ... of emergency lending programs and reduce the size of the balance sheet and level of excess reserves ... reserves, the potential inflationary effects have been amply debated. It is conceivable that since the Fed now pays interest on the excess reserves, that the excess reserves themselves place an effective ... more details
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