Does Indonesia have oil reserves?
Indonesia is rich in resources, with proven and potential conventional energy reserves of more than 7 billion barrels of oil and about 150 trillion cubic feet of gas. The country also has unconventional reserves of 450 trillion cubic feet of coal bed methane and 575 trillion cubic feet of shale gas.
How much oil reserve does Indonesia have?
At the end of 2020, Indonesia had approximately 2.4 billion barrels worth of proven oil reserves accounting for approximately 0.1 percent of the world’s total oil reserves. Oil has been a major sector in the Indonesian economy but has recently become less important due to its finite nature.
What country has the most proven oil reserves?
Venezuela
Oil Reserves by Country
| # | Country | Oil Reserves (barrels) in 2016 |
|---|---|---|
| 1 | Venezuela | 299,953,000,000 |
| 2 | Saudi Arabia | 266,578,000,000 |
| 3 | Canada | 170,863,000,000 |
| 4 | Iran | 157,530,000,000 |
Who holds 80% of the world’s oil?
OPEC
If we simplistically look at proven oil reserves, the answer is obvious: mostly OPEC and Russia. According to BP, the global authority on the subject, this collective group of 16 countries owns 1.35 trillion barrels of proven oil reserves, or nearly 80 percent of the world’s total.
Does Singapore have oil reserves?
Singapore has no commercial oil reserves or prospective production areas and must rely entirely on imported crude oil for refining. Lacking domestic sources of energy, Singaporean companies are active in overseas exploration and production.
Does Malaysia produce oil?
Today, Malaysia is the second-largest oil producer in Southeast Asia and the world’s third largest exporter of liquefied natural gas (LNG). At the end of 2020, the country held proved oil reserves of 2.7 billion barrels and natural gas deposits totalling 32.1 trillion cubic feet.
What country has the most oil 2022?
Here are the 10 countries with the most oil reserves:
- Venezuela (303.8)
- Saudi Arabia (297.5)
- Canada (168.1)
- Iran (157.8)
- Iraq (145)
- Russia (107.8)
- Kuwait (101.5)
- United Arab Emirates (97.8)