India is known for its incredible food and its rich heritage of tradition and culture, but not known for oil. However, India has 0.3% of the world’s crude oil reserves.

This represents 5.7 Thousand Million barrels that are in the ground on the Indian Subcontinent.

That is 5,700,000,000 barrels. Today crude trades at $36.78 a barrel.

So what are India’s oil reserves worth  ?

5,700,000,000 barrel  x $36.78 a barrel = $209,646,000,000

in UK£ = £141,610,000,000 = £141 Billion.