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Samples in periodicals archive:
17 billion barrels of proven oil reserves in 2011, which showed a 10.
Tehran, July 4 (Xinhua-ANI): Iranian Oil Minister Rostam Qasemi announced that the country has discovered a new oil field containing approximately 6 billion barrels of recoverable oil reserves, the semi-official Fars news agency reported on Wednesday.
1 billion barrels of crude oil and gas condensate last year.
Alex Munton, an analyst at consultancy Wood Mackenzie, in Edinburgh, thinks that as much as 300 billion barrels of oil could be found in Iraq.
Within the Arctic circle there are 90 billion barrels of oil and vast quantities of natural gas waiting to be tapped, most of it offshore, the government-run US Geological Survey said.
Malcolm Webb, chief executive of the trade association Oil & Gas UK, warns that unless these trends are reversed, some nine billion barrels of oil and gas - about nine years' worth of production at today's levels - could be left at the bottom of the sea forever.
The world consumes 85 million barrels of oil a day, or 31 billion barrels a year.
And in 1943 the Standard Oil geologist Wallace Pratt calculated that the world would ultimately produce 600 billion barrels of oil.