average annual OPEC crude oil price was some 69.72 U.S. dollars per barrel. OPEC stands for the Organization of the Petroleum Exporting Countries and was established in Iraq in 1960.
Venezuela is the OPEC member with the largest crude oil reserves. In 2021, the South American country had an estimated reserve of some 303.5 billion barrels. By comparison, the United Arab Emirates' oil reserves were estimated to be 111 billion barrels. This amount places the United Arab Emirates as one of the top five OPEC members based on crude oil reserves. In that same year, the Crude oil reserves in OPEC countries from 2012 to 2021 (in billion barrels)
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Statistics on OPEC
Overview
5
Reserves
4
Production and refinery
6
- Premium Statistic Oil production in OPEC countries 1998-2021
- Premium Statistic OPEC 's share of total global crude oil production 2010-2021
- Basic Statistic Natural gas production in OPEC countries 2012-2021
- Basic Statistic OPEC's share of total global natural gas production 2010-2021
- Basic Statistic OPEC refinery capacity 2010-2021
- Premium Statistic Refinery capacities of OPEC countries 2012-2021
Prices
4
Trade
5
- Premium Statistic OPEC's net oil export revenue 2005-2023
- Premium Statistic OPEC net oil export revenue streams by country 2022
- Premium Statistic Global crude oil exports by OPEC countries 2012-2021
- Premium Statistic Oil exports from OPEC regions 2021
- Basic Statistic OPEC oil exports by regions of destination 2012-2021
Selected country profiles
8
- Premium Statistic Algeria's fossil fuels industry select information 2020
- Premium Statistic Angola's fossil fuels industry selected figures 2020
- Premium Statistic Equatorial Guinea's fossil fuels industry selected figures 2020
- Premium Statistic Gabon's fossil fuels industry selected figures 2020
- Premium Statistic Iran's fossil fuels industry select information 2020
- Premium Statistic Iraq's fossil fuels industry select information 2020
- Basic Statistic Kuwait's fossil fuels industry selected figures 2020
- Basic Statistic Libya's fossil fuels industry select information 2020
Further related statistics
18
- Proved oil reserves in Libya 1990-2020
- Proved oil reserves of United Arab Emirates 1990-2020
- Distribution of the leading global oil companies by reserves 2014
- Crude oil initial reserves in Canada by region and type 2016
- Proved oil reserves in North America 1990-2020
- Global oil reserves share by country 2010-2020
- Global distribution of oil reserves by region 2010-2020
- Proved crude oil reserves in the U.S. 1990-2020
- Middle East crude oil reserves by selected country 2015
- Proved oil reserves share worldwide by country 2019
- Global oil reserves to production ratio 1980-2020
- Countries with greatest recoverable oil reserves by reserve category 2020
- Global years of remaining global oil supply by region 2020
- Imperial Oil's oil and gas reserves by type 2021
- Leading companies by proved oil reserves in the United States 2021
- ADNOC Offshore Umm Shaif & Nasr shareholder distribution UAE 2019
- Global oil reserves by region 2009
- Value performance of selected commodities prices 1996-2010
Further Content: You might find this interesting as well
Statistics
- Proved oil reserves in Libya 1990-2020
- Proved oil reserves of United Arab Emirates 1990-2020
- Distribution of the leading global oil companies by reserves 2014
- Crude oil initial reserves in Canada by region and type 2016
- Proved oil reserves in North America 1990-2020
- Global oil reserves share by country 2010-2020
- Global distribution of oil reserves by region 2010-2020
- Proved crude oil reserves in the U.S. 1990-2020
- Middle East crude oil reserves by selected country 2015
- Proved oil reserves share worldwide by country 2019
- Global oil reserves to production ratio 1980-2020
- Countries with greatest recoverable oil reserves by reserve category 2020
- Global years of remaining global oil supply by region 2020
- Imperial Oil's oil and gas reserves by type 2021
- Leading companies by proved oil reserves in the United States 2021
- ADNOC Offshore Umm Shaif & Nasr shareholder distribution UAE 2019
- Global oil reserves by region 2009
- Value performance of selected commodities prices 1996-2010
Topics

OPEC. (June 23, 2022). Crude oil reserves in OPEC countries from 2012 to 2021 (in billion barrels) [Graph]. In Statista. Retrieved March 22, 2023, from https://www.statista.com/statistics/273339/oil-reserves-in-opec-countries/
OPEC. "Crude oil reserves in OPEC countries from 2012 to 2021 (in billion barrels)." Chart. June 23, 2022. Statista. Accessed March 22, 2023. https://www.statista.com/statistics/273339/oil-reserves-in-opec-countries/
OPEC. (2022). Crude oil reserves in OPEC countries from 2012 to 2021 (in billion barrels). Statista. Statista Inc.. Accessed: March 22, 2023. https://www.statista.com/statistics/273339/oil-reserves-in-opec-countries/
OPEC. "Crude Oil Reserves in Opec Countries from 2012 to 2021 (in Billion Barrels)." Statista, Statista Inc., 23 Jun 2022, https://www.statista.com/statistics/273339/oil-reserves-in-opec-countries/
OPEC, Crude oil reserves in OPEC countries from 2012 to 2021 (in billion barrels) Statista, https://www.statista.com/statistics/273339/oil-reserves-in-opec-countries/ (last visited March 22, 2023)
Crude oil reserves in OPEC countries from 2012 to 2021 (in billion barrels) [Graph], OPEC, June 23, 2022. [Online]. Available: https://www.statista.com/statistics/273339/oil-reserves-in-opec-countries/