Venezuela: proved crude oil reserves 2009-2018

This statistic presents a timeline with the amount of proved crude oil reserves available in Venezuela from 2009 to 2018. In 2018, Venezuela was the country with the highest volume of crude oil reserves in the world, with more than 302 billion barrels, up from almost 100 billion barrels in 2009.

Proved crude oil reserves in Venezuela from 2009 to 2018

Oil reserves in billion barrels
2018302.25
2017300.88
2016299.95
2015298.35
2014297.74
2013297.57
2012211.17
2011211.17
201099.38
200999.38
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Source

Release date

January 2019

Region

Venezuela

Survey time period

2009 to 2018

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 "Crude oil industry of the Gulf Cooperation Council"

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