OPEC Share of World Crude Oil Reserves

OPEC share of world crude oil reserves 2018


According to current estimates, 79.4% of the world's proven oil reserves are located in OPEC Member Countries, with the bulk of OPEC oil reserves in the Middle East, amounting to 64.5% of the OPEC total.

OPEC Member Countries have made significant additions to their oil reserves in recent years, for example, by adopting best practices in the industry, realizing intensive explorations and  enhanced recoveries. As a result, OPEC's proven oil reserves currently stand at 1,189.80 billion barrels.


For more information:

OPEC Annual Statistical Bulletin 2019


 

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