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CERAWeek 2012
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The World's Biggest Oil Reserves

Proved Oil Reserves: 266.7 billion barrelsTotal Oil Production: 10.7 million barrelsCrude Oil Production: 9.26 million barrelsConsumption: 2.29 million barrelsExports to US (2007): 1.49 million barrelsPictured: Saudi Arabian Oil Refinery

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1. Saudi Arabia

Proved oil reserves: 262.6 billion barrels
Proportion of world total: 17.85%

Daily Oil Statistics (2010 estimates):
Total oil production: 10.52 million barrels
Consumption: 2.64 million barrels
Exports to the US: 1.47 million barrels (Sept. 2011)

Photo: Pete Turner | Stone | Getty Images