Carbon dioxide is a major greenhouse gas, but also an effective agent for enhanced oil recovery (EOR). Large scale CO 2 -EOR projects are being carried out in the USA and Canada. However, such projects are not common outside North America due to limited supply of CO 2 . Carbonated water injection (CWI) process is to inject water saturated with CO 2 . The CO 2 in carbonated water diffuses into oil and results in oil swelling and viscosity reduction. CWI requires much less CO 2 supply. Several successful CWI field pilots were conducted in 1960s. Oil fields with good EOR potential and limited CO 2 supply should seriously consider CWI method.