In 2020, proved oil reserves in Latin America amounted to nearly 330 billion barrels. This value has remained relatively stable in the past decade, however has nearly tripled in comparison to the beginning of the century. Venezuela holds the largest oil reserves in the world, and accounts for more than 90 percent of the Latin American region's reserves.
Crude oil reserves in Latin America from 1990 to 2020
(in billion barrels)
This statistic was compiled using several releases of the publication.
Reserves for Venezuela include the Orinoco Belt.
Reserves include gas condensate and natural gas liquids (NGLs) as well as crude oil.
Profit from additional features by authenticating your Admin account
Please authenticate by going to "My account" → "Administration".
Then you will be able to mark statistics as favourites and use personal statistics alerts.
This feature is limited to our corporate solutions.
Please contact us to get started with full access to dossiers, forecasts, studies and international data.
Corporate Account
Statista Accounts:
Access All Statistics. Starting from $468 / Year
Basic Account
Get to know the platform
You only have access to basic statistics.
This statistic is not included in your account.
Single Account
The ideal entry-level account for individual users
Statista Accounts:
Access All Statistics. Starting from $468 / Year
Learn more about how Statista can support your business.
BP. (July 8, 2021). Crude oil reserves in Latin America from 1990 to 2020 (in billion barrels) [Graph]. In Statista. Retrieved December 07, 2021, from https://www.statista.com/statistics/264843/oil-reserves-in-central-and-south-america-since-1990/
BP. "Crude oil reserves in Latin America from 1990 to 2020 (in billion barrels)." Chart. July 8, 2021. Statista. Accessed December 07, 2021. https://www.statista.com/statistics/264843/oil-reserves-in-central-and-south-america-since-1990/
BP. (2021). Crude oil reserves in Latin America from 1990 to 2020 (in billion barrels). Statista. Statista Inc.. Accessed: December 07, 2021. https://www.statista.com/statistics/264843/oil-reserves-in-central-and-south-america-since-1990/
BP. "Crude Oil Reserves in Latin America from 1990 to 2020 (in Billion Barrels)." Statista, Statista Inc., 8 Jul 2021, https://www.statista.com/statistics/264843/oil-reserves-in-central-and-south-america-since-1990/
BP, Crude oil reserves in Latin America from 1990 to 2020 (in billion barrels) Statista, https://www.statista.com/statistics/264843/oil-reserves-in-central-and-south-america-since-1990/ (last visited December 07, 2021)
