Proved reserves of crude oil fell 19.7% to 13.0 bil barrels in Brazil in 2017, according to EIA.
Historically, proved reserves of crude oil in Brazil reached an all time high of 16.2 bil barrels in 2016 and an all time low of 1.22 bil barrels in 1980. When compared to Brazil's main peers, proved reserves of crude oil in Bolivia amounted to 0.211 bil barrels, 0.473 bil barrels in Peru and 301 bil barrels in Venezuela in 2017.
Brazil has been ranked 14th within the group of 96 countries we follow in terms of proved reserves of crude oil, 3 places above the position seen 10 years ago.
| Proved Reserves of Crude Oil | Unit | 1997 | 1998 | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 |
| Bolivia | bil barrels | 0.465 | 0.210 | 0.210 | 0.210 | 0.210 | ||||||||||||||||
| Brazil | bil barrels | 12.9 | 14.0 | 13.2 | 15.0 | 15.3 | ||||||||||||||||
| Chile | bil barrels | 0.150 | 0.150 | 0.150 | 0.150 | 0.150 | ||||||||||||||||
| Colombia | bil barrels | 1.90 | 1.99 | 2.20 | 2.38 | 2.45 | ||||||||||||||||
| Guyana | bil barrels | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... |
| Paraguay | bil barrels | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... |
| Peru | bil barrels | 0.533 | 0.582 | 0.579 | 0.633 | 0.741 | ||||||||||||||||
| Trinidad and Tobago | bil barrels | 0.728 | 0.728 | 0.728 | 0.728 | 0.728 | ||||||||||||||||
| Venezuela | bil barrels | 211 | 211 | 298 | 298 | 298 |
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