Canada has proven 175.2 bn barrels Crude Oil deposits: GlobalData

by alexoscarew | November 20, 2012 at 12:15 pm

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Canada is one of the leading countries in the world in terms of proved oil reserves, with 175.2 billion barrels (bbl) of proved oil reserves at the end of 2011, out of which 169.2 billion bbl of reserves were available as oil sands – states a new report by energy experts GlobalData.

Canada holds the largest crude oil deposits outside the Middle East, most of which are in the form of oil sands, and are expected to play a major role in supplying the world’s future energy requirements.