"Petroleum reserves" refers to the estimated amount of oil that is known to exist underground and can be extracted using current technology. These reserves serve as a source of potential future oil production.
Full definition
Synonyms for individual words can be found below.
«petroleum»
«reserves»
Phrases with «petroleum reserves»
Sentences with «petroleum reserves»
- Since then the dollar is backed by international petroleum reserves and other mineral wealth. (politics.stackexchange.com)
- Yet energy companies have already booked coal and petroleum reserves equal to several times that amount, and they are spending some $ 600 billion a year to find more. (dotearth.blogs.nytimes.com)
- With an eye on the nation's fuel supply, the Department of Energy authorized a release of crude oil from the strategic petroleum reserve in order to help Phillips 66 get its Lake Charles refinery up and running. (oilprice.com)
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