The reserves held by OPEC member countries increased by slightly more than the average figure, at 1.2%.
Central and South America together showed a significant increase in proved reserves. Venezuela is one of the countries whose reserves have increased the most, according to a report by Oil and Gas Journal. The reason for this is the new evaluation of heavy oil.
- North America
- Central and South America
- Western Europe
- Eastern Europe (2)
- Africa
- Middle East
- Asia-Oceania
- WORLD TOTAL
- OPEC
- % OPEC/WORLD
- 5,6
- 11,9
- 3,4
- 8,0
- 7,4
- 54,3
- 5,2
- 95,8
- 64,8
- 67,6
- 5,3
- 17,2
- 2,0
- 8,1
- 8,0
- 89,5
- 6,7
- 136,8
- 105,1
- 76,8
- 4,7
- 18,5
- 2,2
- 8,1
- 8,3
- 89,4
- 6,1
- 137,3
- 104,7
- 76,3
- 4,3
- 17,0
- 2,7
- 9,0
- 10,0
- 91,5
- 5,9
- 140,4
- 109,1
- 77,7
- 6,3
- 16,1
- 2,3
- 16,6
- 15,5
- 100,7
- 5,4
- 162,9
- 122,4
- 75,1
- 7,8
- 17,6
- 1,7
- 17,7
- 15,6
- 102,9
- 5,4
- 168,7
- 127,6
- 75,6
- 7,8
- 19,3
- 1,6
- 17,7
- 15,9
- 102,6
- 5,3
- 170,2
- 129,2
- 75,9
- 4,6
- 11,3
- 0,9
- 10,4
- 9,3
- 60,3
- 3,1
- 100,0
- 75,9
(2) Includes the Commonwealth of Independent States, CIS
Source: BP Statistical Review of World Energy and Oil and Gas Journal. Prepared by Sedigas.
The most recent data shows that 60.3% of world oil reserves are in the Middle East, with 11.3% in Central and South America, 10.4% in countries that formerly belonged to the USSR and 9.3% in Africa.
On a country by country basis, Saudi Arabia held the largest reserves on the planet (19.7%), followed by Canada (13.3%), Iran (10.1%), Iraq (8.6%), Kuwait (7.5%), Venezuela (7.4%), Abu Dhabi (6.9%) and Russia, which accounted for 4.5% of the world’s proved oil reserves.
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