World's Biggest Oil Reserves

Source: Energy Information Administration, Department of Energy Big movements in the price of oil can have significant effects in the general economy, and although the commodity is off its all-time highs, countries with the most oil within their borders are set for big profits as demand for crude continues to rise.With much of the world's existing reserves found in the Middle East, Gulf of Mexico and a few other locations around the globe, individual countries benefit incredibly from their surprisingly high concentrations of oil.As of 2008, the US government estimates that the world has proved reserves in the neighborhood of 1.36 trillion barrels; the net amount of oil fields that have been identified as having a reasonable certainty of recovery. Labeling subterranean oil "proved" reserves takes into consideration both the logistic feasibility, political and economic conditions surrounding the oil's physical extraction.With the most recent data from the Energy Information Administration, here are the countries with the biggest proved oil reserves. Click ahead for the list!By Paul ToscanoPosted 30 Oct 2009

Photo: Adalberto Rios Lanz | Sexto Sol | Getty Images Proved Oil Reserves: 11.65 billion barrelsDaily Numbers:Total Oil Production: 3.19 million barrelsCrude Oil Production: 2.79 million barrelsConsumption: 2.13 million barrelsExports to US (2007): 1.54 million barrels

Photo: iStock Photo Proved Oil Reserves: 15.2 billion barrelsDaily Numbers:Total Oil Production: 1.2 million barrelsCrude Oil Production: 940,000 barrelsConsumption: 120,000 barrelsExports to US (2007): 2,000 barrelsPictured: Oil Refinery in Qatar

Photo: iStock Photo Proved Oil Reserves: 16 billion barrelsDaily Numbers:Total 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

Photo: AP Proved Oil Reserves: 21.3 billion barrelsDaily Numbers:Total Oil Production: 8.51 million barrelsTotal Crude Production: 4.95 million barrelsConsumption: 19.48 million barrelsPictured: Chevron El Segundo Refinery, California

Photo: AP Proved Oil Reserves: 30 billion barrelsDaily Numbers:Total Oil Production: 1.43 million barrelsCrude Oil Production: 1.35 million barrelsConsumption: 239,000 barrelsExports to US (2007): 19,000 barrelsPictured: Control station of the Atasu-Alashenkou pipeline in Atasu, Kazakhstan

Photo: AP Proved Oil Reserves: 36.2 billion barrelsDaily Numbers:Total Oil Production: 2.168 million barrelsCrude Oil Production: 2.165 million barrelsConsumption: 286,000 barrelsExports to US (2007): 1.13 million barrelsPictured: Boy walks along oil pipeline belonging to the Agip Oil company in Idu Ogba, Niger Delta area of Nigeria.

Photo: AP Proved Oil Reserves: 41.5 billion barrelsDaily Numbers:Total Oil Production: 1.88 million barrelsCrude Oil Production: 1.74 million barrelsConsumption: 273,000 barrelsExports to US (2007): 117,000 barrelsPictured: Tripoli skyline at night, Libya

Photo: AP Proved Oil Reserves: 60 billion barrelsDaily Numbers:Total Oil Production: 9.79 million barrelsCrude Oil Production: 9.36 million barrelsConsumption: 2.9 million barrelsExports to US (2007): 414,000 barrelsPictured: Reservoirs at Priobskoye oil field, Siberia, Russia

Photo: AP Proved Oil Reserves: 87.03 billion barrelsDaily Numbers:Total Oil Production: 2.64 million barrelsCrude Oil Production: 2.39 million barrelsConsumption: 760,000 barrelsExports to US (2007): 1.36 million barrelsPictured: El Palito oil refinery, Puerto Cabello, Venezuela

Photo: AP Proved Oil Reserves: 97.8 billion barrelsDaily Numbers:Total Oil Production: 3.05 million barrelsCrude Oil Production: 2.68 million barrelsConsumption: 463,000 barrelsExports to US (2007): 10,000 barrelsPictured: Refinery worker rides a bicycle at an oil processing plant in Jebel Ali, Dubai, United Arab Emirates.

Photo: Yasser Al-Zayyat | AFP | Getty Images Proved Oil Reserves: 104 billion barrelsDaily Numbers:Total Oil Production: 2.74 million barrelsCrude Oil Production: 2.59 million barrelsConsumption: 325,000 barrelsExports to US (2007): 181,000 barrels

Photo: AP Proved Oil Reserves: 115 billion barrelsDaily Numbers:Total Oil Production: 2.39 million barrelsCrude Oil Production: 2.38 million barrelsConsumption: 638,000 barrelsExports to US (2007): 484,000 barrelsPictured: Beiji Oil refinery, Iraq

Photo: AP Proved Oil Reserves: 138.4 billion barrelsDaily Numbers:Total Oil Production: 4.17 million barrelsCrude Oil Production: 4.05 million barrelsConsumption: 1.8 million barrelsExports to US (2007): 0Pictured: Oil refinery and petrochemical complex, Mahshahr, Iran

Photo: Drilling sites, Northwest Territories, Canada Proved Oil Reserves: 178.59 billion barrelsDaily Numbers:Total Oil Production: 3.350 million barrelsCrude Oil Production: 2.59 million barrelsConsumption: 2.26 million barrelsExports to US (2007): 2.45 million barrels

Photo: Pete Turner | Stone | Getty Images Proved Oil Reserves: 266.7 billion barrelsDaily Numbers:Total 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

© 2009 CNBC.com