highest proven oil reserves worldwide: Venezuela and Saudi Arabia.
The Middle East accounts for the greatest share of proved oil reserves of any region in the world. As of 2020, the Middle East housed 48.3 percent of known oil reserves. This was followed by Central and South America. The Middle East and South America are home to the two countries with the Distribution of proved oil reserves worldwide in select years from 1992 to 2020, by region
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BP. (July 8, 2021). Distribution of proved oil reserves worldwide in select years from 1992 to 2020, by region [Graph]. In Statista. Retrieved May 18, 2022, from https://www.statista.com/statistics/273497/distribution-of-global-proved-oil-reserves-since-by-region/
BP. "Distribution of proved oil reserves worldwide in select years from 1992 to 2020, by region." Chart. July 8, 2021. Statista. Accessed May 18, 2022. https://www.statista.com/statistics/273497/distribution-of-global-proved-oil-reserves-since-by-region/
BP. (2021). Distribution of proved oil reserves worldwide in select years from 1992 to 2020, by region. Statista. Statista Inc.. Accessed: May 18, 2022. https://www.statista.com/statistics/273497/distribution-of-global-proved-oil-reserves-since-by-region/
BP. "Distribution of Proved Oil Reserves Worldwide in Select Years from 1992 to 2020, by Region." Statista, Statista Inc., 8 Jul 2021, https://www.statista.com/statistics/273497/distribution-of-global-proved-oil-reserves-since-by-region/
BP, Distribution of proved oil reserves worldwide in select years from 1992 to 2020, by region Statista, https://www.statista.com/statistics/273497/distribution-of-global-proved-oil-reserves-since-by-region/ (last visited May 18, 2022)