Global Reserves and Production of Petroleum

(as calculated in 1999)

Producer

Estimated reserves in billions of barrels

Percent of world reserves

Production in millions of barrels (1998)

Saudi Arabia	261.5	24.8	9.2
Iraq	112.5	10.7	2.2
United Arab Emirates	97.8	9.3	2.7
Kuwait	96.5	9.2	2.2
Iran	89.7	8.5	3.8
Venezuela	72.6	6.9	3.3
Russia	48.6	4.6	6.2
Mexico	47.8	4.5	3.5
United States	30.5	2.9	8.0
Libya	29.5	2.8	1.4

China	24.0	2.3	3.2
Nigeria	22.5	2.1	2.2
Norway/United Kingdom (North Sea)	16.1	1.5	6.0
Total	949.6	90.1	53.9

Source: BP Amoco, Statistical Review of World Energy 1999

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