Latin America: proved crude oil reserves 2018, by country

This statistic depicts the Latin American and Caribbean countries with the largest amount of proved crude oil reserves as of 2018. That year, Venezuela was the country with the highest volume of crude oil reserves in the world, with more than 302 billion barrels. In the Latin American region, Brazil ranked second with 12.6 billion barrels.

Leading countries in proved crude oil reserves in Latin America and the Caribbean in 2018

Oil reserves in million barrels
Venezuela 302,250
Brazil 12,633.7
Ecuador 8,273
Mexico 6,629.7
Argentina 2,162.21
Colombia 1,665.49
Peru 434.9
Trinidad and Tobago 242.98
Bolivia 211.45
Chile 150
Cuba 124
Suriname 84.2
Guatemala 83.07
Belize 6.7
Barbados 2.53
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Release date

January 2019


Central and South America, Mexico

Survey time period


Special properties

Crude oil including lease condensate

Supplementary notes

The release date given is the date of access.
Figures have been rounded.

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Statistics on "Oil industry in Latin America"

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