The statistic shows the global proved reserves of oil by region from 1992 to 2019, in billion barrels. In 2019, approximately 833.8 billion barrels of proved oil reserves were located in the Middle East. According to the source, oil reserves are taken to be those quantities that geological and engineering information indicates with reasonable certainty can be recovered in the future from known reservoirs under existing economic and operating conditions.
Proved oil reserves worldwide from 1992 to 2019, by region (in billion barrels)
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BP. (June 17, 2020). Proved oil reserves worldwide from 1992 to 2019, by region (in billion barrels) [Graph]. In Statista. Retrieved April 21, 2021, from https://www.statista.com/statistics/271614/oil-reserves-by-region/
BP. "Proved oil reserves worldwide from 1992 to 2019, by region (in billion barrels)." Chart. June 17, 2020. Statista. Accessed April 21, 2021. https://www.statista.com/statistics/271614/oil-reserves-by-region/
BP. (2020). Proved oil reserves worldwide from 1992 to 2019, by region (in billion barrels). Statista. Statista Inc.. Accessed: April 21, 2021. https://www.statista.com/statistics/271614/oil-reserves-by-region/
BP. "Proved Oil Reserves Worldwide from 1992 to 2019, by Region (in Billion Barrels)." Statista, Statista Inc., 17 Jun 2020, https://www.statista.com/statistics/271614/oil-reserves-by-region/
BP, Proved oil reserves worldwide from 1992 to 2019, by region (in billion barrels) Statista, https://www.statista.com/statistics/271614/oil-reserves-by-region/ (last visited April 21, 2021)