In 2023, proved oil reserves in Latin America amounted to more than 340 billion barrels. This value has remained relatively stable in the few years, however has nearly tripled in comparison to the beginning of the century. Venezuela holds the largest oil reserves in the world, and accounts for more than 90 percent of the Latin American region's reserves.
Crude oil reserves in Latin America in select years from 1960 to 2023
(in billion barrels)
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OPEC. (October 11, 2024). Crude oil reserves in Latin America in select years from 1960 to 2023 (in billion barrels) [Graph]. In Statista. Retrieved December 19, 2024, from https://www.statista.com/statistics/264843/oil-reserves-in-central-and-south-america/
OPEC. "Crude oil reserves in Latin America in select years from 1960 to 2023 (in billion barrels)." Chart. October 11, 2024. Statista. Accessed December 19, 2024. https://www.statista.com/statistics/264843/oil-reserves-in-central-and-south-america/
OPEC. (2024). Crude oil reserves in Latin America in select years from 1960 to 2023 (in billion barrels). Statista. Statista Inc.. Accessed: December 19, 2024. https://www.statista.com/statistics/264843/oil-reserves-in-central-and-south-america/
OPEC. "Crude Oil Reserves in Latin America in Select Years from 1960 to 2023 (in Billion Barrels)." Statista, Statista Inc., 11 Oct 2024, https://www.statista.com/statistics/264843/oil-reserves-in-central-and-south-america/
OPEC, Crude oil reserves in Latin America in select years from 1960 to 2023 (in billion barrels) Statista, https://www.statista.com/statistics/264843/oil-reserves-in-central-and-south-america/ (last visited December 19, 2024)
Crude oil reserves in Latin America in select years from 1960 to 2023 (in billion barrels) [Graph], OPEC, October 11, 2024. [Online]. Available: https://www.statista.com/statistics/264843/oil-reserves-in-central-and-south-america/
