OPEC crude oil reserves share by country in 2022
located in OPEC member countries, having accounted for some 80 percent of total crude oil reserves worldwide as of 2021.
OPEC stands for the Organization of the Petroleum Exporting Countries.
Venezuela holds the largest crude oil reserves of any OPEC member state. In 2022, it accounted for 24.4 percent of all OPEC oil reserves. This was followed by Saudi Arabia at 21.5 percent. The majority of proven crude oil reserves globally are OPEC stands for the Organization of the Petroleum Exporting Countries.