The statistic shows the global proved reserves of oil by region from 1992 to 2018, in billion barrels. In 2018, approximately 836.1 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 2018, by region
(in billion barrels)
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.
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 figures for these two regions have therefore have been added together. CIS is an abbreviation for the Commonwealth of Independent States.
Figures prior to 2016 were taken from previous editions of BP's statistical reviews.
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BP. (June 11, 2019). Proved oil reserves worldwide from 1992 to 2018, by region (in billion barrels) [Graph]. In Statista. Retrieved June 04, 2020, from https://www.statista.com/statistics/271614/oil-reserves-by-region/
BP. "Proved oil reserves worldwide from 1992 to 2018, by region (in billion barrels)." Chart. June 11, 2019. Statista. Accessed June 04, 2020. https://www.statista.com/statistics/271614/oil-reserves-by-region/
BP. (2019). Proved oil reserves worldwide from 1992 to 2018, by region (in billion barrels). Statista. Statista Inc.. Accessed: June 04, 2020. https://www.statista.com/statistics/271614/oil-reserves-by-region/
BP. "Proved Oil Reserves Worldwide from 1992 to 2018, by Region (in Billion Barrels)." Statista, Statista Inc., 11 Jun 2019, https://www.statista.com/statistics/271614/oil-reserves-by-region/
BP, Proved oil reserves worldwide from 1992 to 2018, by region (in billion barrels) Statista, https://www.statista.com/statistics/271614/oil-reserves-by-region/ (last visited June 04, 2020)
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