The Middle East accounts for nearly half of proved oil reserves worldwide, with approximately 836 billion barrels located in the region in 2020. Meanwhile, the Americas held reserves adding up to more than 560 billion barrels that year. 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 2020, 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 recent editions listed Europe and CIS separately. As of 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 2019 were taken from previous editions of BP's statistical reviews.
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BP. (July 8, 2021). Proved oil reserves worldwide from 1992 to 2020, by region (in billion barrels) [Graph]. In Statista. Retrieved May 22, 2022, from https://www.statista.com/statistics/271614/oil-reserves-by-region/
BP. "Proved oil reserves worldwide from 1992 to 2020, by region (in billion barrels)." Chart. July 8, 2021. Statista. Accessed May 22, 2022. https://www.statista.com/statistics/271614/oil-reserves-by-region/
BP. (2021). Proved oil reserves worldwide from 1992 to 2020, by region (in billion barrels). Statista. Statista Inc.. Accessed: May 22, 2022. https://www.statista.com/statistics/271614/oil-reserves-by-region/
BP. "Proved Oil Reserves Worldwide from 1992 to 2020, by Region (in Billion Barrels)." Statista, Statista Inc., 8 Jul 2021, https://www.statista.com/statistics/271614/oil-reserves-by-region/
BP, Proved oil reserves worldwide from 1992 to 2020, by region (in billion barrels) Statista, https://www.statista.com/statistics/271614/oil-reserves-by-region/ (last visited May 22, 2022)
