Sovereign Wealth Fund Institute - Oil fuels commodity-based Sovereign Wealth Fund growth - Proved oil reserves at the end of 2006 & 2007

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Country	Barrels in Billions	World Share	Main Oil Commodity SWFs
Saudi Arabia	264.2	21.3%	SAMA Foreign Holdings
Iran	138.4	11.2%	Oil Stabilisation Fund
Iraq	115.0	9.3%
Kuwait	101.5	8.2%	Kuwait Investment Authority
United Arab Emirates	97.8	7.9%	Abu Dhabi Investment Authority
Venezuela	87.0	7.0%	FIEM
Russia	79.4	6.4%	Oil Stabilization Fund
Libya	41.5	3.4%	Libyan Arab Foreign Investment Company
Kazakhstan	39.8	3.2%	Kazakhstan National Fund
Nigeria	36.2	3.0%	Excess Crude Account
United States	29.4	2.5%	Alaska Permanent Fund
Canada	27.7	2.2%	Alberta's Heritage Fund
Qatar	27.4	2.2%	Qatar Investment Authority
China	15.5	1.3%
Brazil	12.6	1.0%
Algeria	12.3	1.0%	Revenue Regulation Fund
Mexico	12.2	1.0%
Angola	9.0	0.7%	Reserve Fund for Oil
Norway	8.2	0.7%	Government Pension Fund – Global
Azerbaijan	7.0	0.6%	State Oil Fund
Sudan	6.6	0.5%
Oman	5.6	0.5%	State General Reserve Fund
India	5.5	0.5%
Other	58.1	4.7%

TOTAL	1237.9	100.0%

Sources: BP Statistical Review of World Energy June 2008, Sovereign Wealth Fund Institute

Country	Barrels in Billions	World Share	Main Oil Commodity SWFs
Saudi Arabia	264.3	21.9%	SAMA Foreign Holdings
Iran	137.5	11.4%	Oil Stabilisation Fund
Iraq	115.0	9.5%
Kuwait	101.5	8.4%	Kuwait Investment Authority
United Arab Emirates	97.8	8.1%	Abu Dhabi Investment Authority
Venezuela	80.0	6.6%	FIEM
Russia	79.5	6.6%	Oil Stabilization Fund
Libya	41.5	3.4%	Libyan Arab Foreign Investment Company
Kazakhstan	39.8	3.3%	Kazakhstan National Fund
Nigeria	36.2	3.0%	Excess Crude Account
United States	29.9	2.5%	Alaska Permanent Fund
Canada	17.1	1.4%	Alberta's Heritage Fund
China	16.3	1.3%
Qatar	15.2	1.3%	Qatar Investment Authority
Mexico	12.9	1.1%
Algeria	12.3	1.0%	Revenue Regulation Fund
Brazil	12.2	1.0%
Angola	9.0	0.7%	Reserve Fund for Oil
Norway	8.5	0.7%	Government Pension Fund – Global
Azerbaijan	7.0	0.6%	State Oil Fund
Sudan	6.4	0.5%
India	5.7	0.5%
Oman	5.6	0.5%	State General Reserve Fund
Other	57.1	4.7%

TOTAL	1208.2	100.0%

Sources: BP Statistical Review of World Energy June 2007, Sovereign Wealth Fund Institute