Distribution of world oil reserves by region 2009-2018

This statistic shows the regional share of global oil reserves at the end of the years 2009 to 2018. In 2018, Africa's share of world oil reserves amounted to around 7.2 percent. The Middle East accounts for almost half of the world's reserves.

Distribution of global oil reserves from 2009 to 2018, by region

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Source

Release date

June 2019

Region

Worldwide

Survey time period

2009 to 2018

Supplementary notes

The figures for 2009-2017 were taken from the previous annual reviews.
Editions of the report prior to 2018 named the region as Europe and Eurasia, whereas the 2018 edition of the report listed Europe and CIS separately. The 2018 figures for these two regions have therefore have been added together. CIS is an abbreviation for the Commonwealth of Independent States.
Canadian oil sands ‘under active development’ are an official estimate. Venezuelan Orinoco Belt reserves are based on the OPEC Secretariat and government announcements. Reserves include gas condensate and natural gas liquids (NGLs) as well as crude oil.

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