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Samples in periodicals archive:
Some 3 billion barrels of oil may lie in deepwater strata between Cypriot and Israeli offshore fields, US-based Noble Energy disclosed on Monday.
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.
Cuba's announcement that its still untapped offshore oil fields may hold more than 20 billion barrels of oil has raised eyebrows among experts who say the number is hard to believe but not out of the realm of possibility, reports Reuters (Oct.
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.
Texas still has 129 billion barrels of oil, by some estimates, but it is located deep beneath the earth, making economic recovery difficult.
Iraq's proven oil reserves total more than 112 billion barrels.