In 2023, proved oil reserves in Latin America amounted to more than 340 billion barrels. This value has remained relatively stable in the few years, 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 in select years from 1960 to 2023
(in billion barrels)
Profit from the additional features of your individual account
Currently, you are using a shared account. To use individual functions (e.g., mark statistics as favourites, set
statistic alerts) please log in with your personal account.
If you are an admin, please authenticate by logging in again.
Learn more about how Statista can support your business.
OPEC. (October 11, 2024). Crude oil reserves in Latin America in select years from 1960 to 2023 (in billion barrels) [Graph]. In Statista. Retrieved December 09, 2024, from https://www.statista.com/statistics/264843/oil-reserves-in-central-and-south-america/
OPEC. "Crude oil reserves in Latin America in select years from 1960 to 2023 (in billion barrels)." Chart. October 11, 2024. Statista. Accessed December 09, 2024. https://www.statista.com/statistics/264843/oil-reserves-in-central-and-south-america/
OPEC. (2024). Crude oil reserves in Latin America in select years from 1960 to 2023 (in billion barrels). Statista. Statista Inc.. Accessed: December 09, 2024. https://www.statista.com/statistics/264843/oil-reserves-in-central-and-south-america/
OPEC. "Crude Oil Reserves in Latin America in Select Years from 1960 to 2023 (in Billion Barrels)." Statista, Statista Inc., 11 Oct 2024, https://www.statista.com/statistics/264843/oil-reserves-in-central-and-south-america/
OPEC, Crude oil reserves in Latin America in select years from 1960 to 2023 (in billion barrels) Statista, https://www.statista.com/statistics/264843/oil-reserves-in-central-and-south-america/ (last visited December 09, 2024)
Crude oil reserves in Latin America in select years from 1960 to 2023 (in billion barrels) [Graph], OPEC, October 11, 2024. [Online]. Available: https://www.statista.com/statistics/264843/oil-reserves-in-central-and-south-america/