According to the World Factbook published by CIA, and prior to confirmation by Petrobras reserves of 5 to 8 billion barrels found in the Tupi field, the world's largest proven oil reserves were:
Rank Country Oil - PROVED reserves (bbl)
1 World 1,312,000,000,000
2 Saudi Arabia 264,200,000,000
3 Canada 178,800,000,000
4 Iran 138,400,000,000
5 Iraq 112,500,000,000
6 Kuwait 101,500,000,000
7 Arab Emirates 97,800,000,000
8 Venezuela 78,770,000,000
9 Russia 74,400,000,000
10 Libya 41,460,000,000
11 Nigeria 36,250,000,000
12 United States 21,370,000,000
13 China 16,300,000,000
14 Qatar 15,200,000,000
15 Algeria 14,560,000,000
16 Mexico 12,510,000,000
17 Brazil 12,220,000,000
18 Kazakhstan 9,000,000,000
19 Norway 8,500,000,000
20 Azerbaijan 7,000,000,000
21 European Union 6,933,000,000
According to an article published in the UOL , the president of Petrobras said that Brazil's oil reserves could be "between Nigeria and Venezuela," with the discovery of a new field in deep waters of the Atlantic.
Well, with my knowledge of mathematics, the account does not match: 12 + 8 = 20. Then imagine that the president of Petrobras has suggested that there are more fields to be discovered and exploited in the same region.
Either way is good news for us Brazilians, with respect to oil, gas and jobs that will be generated. Not to mention the variation of more than 15% in company stock.
In this case, good for those who bought the time ...
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