Venezuela holds the largest crude oil reserves of any OPEC member state. In 2022, it accounted for 24.4 percent of all OPEC oil reserves. This was followed by Saudi Arabia at 21.5 percent. The majority of proven crude oil reserves globally are located in OPEC member countries, having accounted for some 80 percent of total crude oil reserves worldwide as of 2021.
OPEC stands for the Organization of the Petroleum Exporting Countries.
Distribution of OPEC crude oil reserves in 2022, by member state
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OPEC. (December 14, 2023). Distribution of OPEC crude oil reserves in 2022, by member state [Graph]. In Statista. Retrieved July 23, 2024, from https://www.statista.com/statistics/1370179/opec-crude-oil-reserves-share-by-member-country/
OPEC. "Distribution of OPEC crude oil reserves in 2022, by member state." Chart. December 14, 2023. Statista. Accessed July 23, 2024. https://www.statista.com/statistics/1370179/opec-crude-oil-reserves-share-by-member-country/
OPEC. (2023). Distribution of OPEC crude oil reserves in 2022, by member state. Statista. Statista Inc.. Accessed: July 23, 2024. https://www.statista.com/statistics/1370179/opec-crude-oil-reserves-share-by-member-country/
OPEC. "Distribution of Opec Crude Oil Reserves in 2022, by Member State." Statista, Statista Inc., 14 Dec 2023, https://www.statista.com/statistics/1370179/opec-crude-oil-reserves-share-by-member-country/
OPEC, Distribution of OPEC crude oil reserves in 2022, by member state Statista, https://www.statista.com/statistics/1370179/opec-crude-oil-reserves-share-by-member-country/ (last visited July 23, 2024)
Distribution of OPEC crude oil reserves in 2022, by member state [Graph], OPEC, December 14, 2023. [Online]. Available: https://www.statista.com/statistics/1370179/opec-crude-oil-reserves-share-by-member-country/