Global distribution of oil reserves by region

The Middle East accounts for almost half of the global oil reserves, with 48.3 percent of the world's reserve in 2020. By comparison, figures in North America stood at 14 percent, while Asia Pacific accounted with 2.6 percent of the global total reserve.

Distribution of oil reserves worldwide from 2010 to 2020, by region*

Characteristic	2010	2012	2014	2016	2018	2020
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Release date

July 2021

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Region

Worldwide

Survey time period

2010 to 2020

Supplementary notes

* Reserves include gas condensate and natural gas liquids (NGLs) as well as crude oil.

Canadian oil sands ‘under active development’ are an official estimate. Venezuelan Orinoco Belt reserves are based on the OPEC Secretariat and government announcements. 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 and 2019 figures for these two regions have therefore have been added together. CIS is an abbreviation for the Commonwealth of Independent States.

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