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Oil reserves in selected countries 1990-2019

This statistic shows the oil reserves in selected years from 1990 to 2019, by most important countries. In 1990, oil reserves amounting to some 92.8 billion barrels were located in Iran. Venezuela holds the largest oil reserves in the world, at nearly 303.8 billion barrels as of 2019.

Oil reserves in selected countries from 1990 to 2019

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Source

Release date

June 2020

Region

Worldwide

Survey time period

1990 to 2019

Supplementary notes

The estimates in this table have been compiled using a combination of primary official sources, third-party data from the OPEC Secretariat, World Oil, Oil & Gas Journal and an independent estimate of Russian and Chinese reserves based on information in the public domain. 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.
* No figures available for 1990.
Figures for years not included in the pdf version were taken from the Data workbook of the Statistical Review.

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