Venezuela holds the world’s largest proven oil reserves

Estimated proven reserves of oil in Jan 2026, billions of barrels

Canada

170

US

78.8

Libya

48.4

Venezuela

303.2

Russia

80

Iraq

145

Iran

208.6

UAE

113

Kuwait*

101.5

Saudi Arabia*

267.2

Canada

170

US

78.8

Libya

48.4

Venezuela

303.2

Russia

80

Iraq

145

Iran

208.6

UAE

113

Kuwait*

101.5

Saudi Arabia*

267.2

Russia

80

Iraq

145

Canada

170

Iran

208.6

US

78.8

Libya

48.4

UAE

113

Kuwait*

101.5

Venezuela

303.2

Saudi Arabia*

267.2

Iraq

145

Russia

80

Canada

170

Iran

208.6

US

78.8

Libya

48.4

UAE

113

Kuwait*

101.5

Venezuela

303.2

Saudi Arabia*

267.2

Canada

170

US

78.8

Libya

48.4

Venezuela

303.2

Russia

80

Iraq

145

Iran

208.6

UAE

113

Kuwait*

101.5

Saudi Arabia*

267.2

Canada

170

US

78.8

Libya

48.4

Venezuela

303.2

Russia

80

Iraq

145

Iran

208.6

UAE

113

Kuwait*

101.5

Saudi Arabia*

267.2

Iraq

145

Russia

80

Canada

170

Iran

208.6

US

78.8

Libya

48.4

UAE

113

Kuwait*

101.5

Venezuela

303.2

Saudi Arabia*

267.2

Iraq

145

Russia

80

Canada

170

Iran

208.6

US

78.8

Libya

48.4

UAE

113

Kuwait*

101.5

Venezuela

303.2

Saudi Arabia*

267.2

Guardian graphic. Source: The Oil & Gas Journal. Note: China and Taiwan and Sudan and South Sudan are combined in the data. *Estimates for the Saudi Arabian-Kuwaiti Neutral Zone are divided equally between the two countries