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CERAWeek 2012
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The World's Biggest Oil Reserves

Proved Oil Reserves: 16 billion barrelsTotal Oil Production: 3.97 million barrelsCrude Oil Production: 3.79 million barrelsConsumption: 7.57 million barrelsExports to US (2007): 13,000 barrelsPictured: Off shore oil in China

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14. China

Proved oil reserves: 14.8 billion barrels
Proportion of world total: 1.01%

Daily Oil Statistics (2010 estimate):
Total oil production: 4.07 million barrels
Consumption: 9.06 million barrels
Exports to the US: 8,000 barrels

Pictured: Offshore oil in China

Photo: iStock Photo