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Global strategic petroleum reserves. Global strategic petroleum reserves (GSPR) refer to crude oil inventories (or stockpiles) held by the government of a particular country, as well as private industry, to safeguard the economy and help maintain national security during an energy crisis. Strategic reserves are intended to be used to cover ...
Map of countries with proven oil reserves - according to US EIA (start of 2017) Trends in proven oil reserves in top five countries, 1980–2013 (data from US Energy Information Administration) A map of world oil reserves according to OPEC, January 2014
By default countries are ranked by their total proven oil reserves. Note that data related to one parameter may be more up to date than data related to some other. See also separate lists and their source pages: List of countries by proven oil reserves [1] List of countries by oil production [2] List of countries by oil consumption [3]
Commercial crude oil stock pile. The Strategic Petroleum Reserve (SPR) is an emergency stockpile of petroleum maintained by the United States Department of Energy (DOE). It is the largest publicly known emergency supply in the world; its underground tanks in Louisiana and Texas have capacity for 714 million barrels (113,500,000 m 3). [1]
It is regarded by some as somewhat less strict than the SPE proven reserves. On 29 September 2014, President of the Union of Oil and Gas Producers of Russia Gennady Shmal told a press conference that Russia's discovered oil reserves (ABC1) stand at 17.8 billion tons (17.8 * 10 12 m 3). He said that C2 reserves stand at 8 billion tons. [10]
Reserves and resource reporting. An oil or gas resource refers to known (discovered fields) or potential accumulations of oil and/or gas (i.e undiscovered prospects and leads) in the subsurface of the Earth's crust. All reserve and resource estimates involve uncertainty in volume estimates (expressed below as Low, Mid or High uncertainty), as ...
A strategic reserve can be: Financial in nature such as ring-fenced funding or capital reserves of a large corporation. A commodity, such as intervention stocks of food or petrol (see security of supply and strategic petroleum reserves) Specific machinery, such as railroad cars or steam locomotives, to be used in an emergency situation.
Oil storage reserves by medium and small Chinese oil companies; The planned state reserves of 475.9 million barrels plus the planned enterprise reserves of 209.44 million barrels will provide around 90 days of consumption or a total of 685.34 million barrels. [28]