The Middle East holds approximately 872 billion barrels of proved crude oil reserves as of 2022. This was close to five times the amount known in 1960. Proved oil reserves are taken to be those quantities where geological and engineering assessments indicate they may be recovered with relative certainty.
Proved crude oil reserves worldwide in 1960 and 2022, by region (in billion barrels)
Basic Account
Get to know the platform
You only have access to basic statistics.
This statistic is not included in your account.
Starter Account
The ideal entry-level account for individual users
- Instant access to 1m statistics
- Download in XLS, PDF & PNG format
- Detailed references
$199 USD / Month *
Professional Account
Full access
Business Solutions including all features.
* Prices do not include sales tax.
Other statistics that may interest you Oil industry in Latin America
Overview
6
- Premium Statistic Global oil reserves by region 1960-2022
- Premium Statistic Global oil production share 2010-2022, by region
- Premium Statistic Global oil and gas rig count May 2024, by region
- Premium Statistic Number of active oil rigs in Latin America 2023, by country
- Premium Statistic Global oil exporters 2022, by region
- Premium Statistic Largest global crude oil importers 2022
Crude Oil Prices
5
- Premium Statistic Monthly oil export price in Mexico 2022-2024
- Premium Statistic Venezuela's Merey average crude oil price 2020-2024
- Premium Statistic Ecuador's average Oriente crude oil price 2019-2023
- Premium Statistic Brazil's crude oil export prices 2019-2023
- Basic Statistic Ecopetrol's average crude oil price 2014-2023
Reserves and Production
8
- Basic Statistic Latin America: proved crude oil reserves 2021, by country
- Premium Statistic Latin America: crude oil reserves 1990-2020
- Premium Statistic Oil production in Latin America & the Caribbean 2009-2022
- Basic Statistic Crude oil production in Latin America & the Caribbean 2022, by country
- Premium Statistic Oil production in Brazil 2008-2022
- Premium Statistic Oil production in Mexico 2008-2022
- Premium Statistic Oil production in Venezuela 2008-2022
- Premium Statistic Oil production in Colombia 2009-2022
Foreign Trade
6
- Premium Statistic Oil export volume in Latin America 2010-2022
- Premium Statistic Crude oil export value in Brazil 2010-2023
- Basic Statistic Pemex's crude oil export value 2010-2022
- Premium Statistic Crude oil export value from Colombia 2010-2023
- Premium Statistic Crude oil import value in Brazil 2010-2023
- Premium Statistic Petroleum import value in Chile 2015-2023
Major Players
7
- Premium Statistic Latin America: top national oil companies 2020, by revenue
- Premium Statistic Petrobras' revenue 2009-2023
- Basic Statistic Pemex's net sales 2009-2023
- Premium Statistic YPF's annual revenue 2015-2022
- Premium Statistic Ecopetrol's sales revenue 2014-2022
- Premium Statistic ENAP's revenue 2015-2021
- Premium Statistic EP Petroecuador's annual revenue 2014-2021
Further related statistics
17
- Proved oil reserves in Libya 1990-2020
- Proved oil reserves of United Arab Emirates 1990-2020
- Proved crude oil reserves in the U.S. 1990-2020
- Proved oil reserves in North America 1990-2020
- Middle East crude oil reserves by selected country 2015
- Proved crude oil reserves in Canada 1997-2020
- Proved oil reserves in Europe and CIS by country 2010-2020
- Oil reserves in Alaska, U.S. 1980-2021
- Oil reserves in the U.S. 2022, by state
- Oil reserves in Italy 2005-2021
- Countries with greatest recoverable oil reserves by reserve category 2020
- Proved oil reserves share worldwide by country 2019
- Buyers of Russia's ESPO blend oil in 2013 by country
- Global support for crude oil expansion 2019/20, by country
- Total non-current assets of Tap Oil Limited Australia 2014-2018
- ADNOC Offshore upper Zakum shareholder distribution UAE 2019
- Change in industrial production index of oil and gas in Algeria 2010-2020
Further Content: You might find this interesting as well
Statistics
- Proved oil reserves in Libya 1990-2020
- Proved oil reserves of United Arab Emirates 1990-2020
- Proved crude oil reserves in the U.S. 1990-2020
- Proved oil reserves in North America 1990-2020
- Middle East crude oil reserves by selected country 2015
- Proved crude oil reserves in Canada 1997-2020
- Proved oil reserves in Europe and CIS by country 2010-2020
- Oil reserves in Alaska, U.S. 1980-2021
- Oil reserves in the U.S. 2022, by state
- Oil reserves in Italy 2005-2021
- Countries with greatest recoverable oil reserves by reserve category 2020
- Proved oil reserves share worldwide by country 2019
- Buyers of Russia's ESPO blend oil in 2013 by country
- Global support for crude oil expansion 2019/20, by country
- Total non-current assets of Tap Oil Limited Australia 2014-2018
- ADNOC Offshore upper Zakum shareholder distribution UAE 2019
- Change in industrial production index of oil and gas in Algeria 2010-2020
OPEC. (December 14, 2023). Proved crude oil reserves worldwide in 1960 and 2022, by region (in billion barrels) [Graph]. In Statista. Retrieved June 17, 2024, from https://www.statista.com/statistics/271614/oil-reserves-by-region/
OPEC. "Proved crude oil reserves worldwide in 1960 and 2022, by region (in billion barrels)." Chart. December 14, 2023. Statista. Accessed June 17, 2024. https://www.statista.com/statistics/271614/oil-reserves-by-region/
OPEC. (2023). Proved crude oil reserves worldwide in 1960 and 2022, by region (in billion barrels). Statista. Statista Inc.. Accessed: June 17, 2024. https://www.statista.com/statistics/271614/oil-reserves-by-region/
OPEC. "Proved Crude Oil Reserves Worldwide in 1960 and 2022, by Region (in Billion Barrels)." Statista, Statista Inc., 14 Dec 2023, https://www.statista.com/statistics/271614/oil-reserves-by-region/
OPEC, Proved crude oil reserves worldwide in 1960 and 2022, by region (in billion barrels) Statista, https://www.statista.com/statistics/271614/oil-reserves-by-region/ (last visited June 17, 2024)
Proved crude oil reserves worldwide in 1960 and 2022, by region (in billion barrels) [Graph], OPEC, December 14, 2023. [Online]. Available: https://www.statista.com/statistics/271614/oil-reserves-by-region/