Proved reserves of crude oil reached 1.82 bil barrels in 2017 in Australia, according to EIA. This is 52.6% more than in the previous year.
Historically, proved reserves of crude oil in Australia reached an all time high of 3.50 bil barrels in 2002 and an all time low of 1.19 bil barrels in 2015.
Australia has been ranked 35th within the group of 96 countries we follow in terms of proved reserves of crude oil.
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