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Kuwait has world’s sixth largest oil reserves of 104 bln barrels

Kuwait has world’s sixth largest oil reserves of 104 bln barrels

Kuwait has the world’s sixth largest oil reserves and is one of the ten largest exporters of total oil products. According to Oil & Gas Journal, as of January 2011, Kuwait’s territorial boundaries contained an estimated 101.5 billion barrels (bbl) of proven oil reserves, roughly 7 percent of the world total.

Additional reserves are held in the Partitioned Neutral Zone (aka Divided Zone), which Kuwait shares on a 50-50 basis with Saudi Arabia. The Neutral Zone holds an additional 5 billion barrels of proven reserves, bringing Kuwait's total oil reserves to 104 billion barrels.