The Middle East holds approximately 872 billion barrels of proved crude oil reserves as of 2022. This was close to five times the amount known in 1960. Proved oil reserves are taken to be those quantities where geological and engineering assessments indicate they may be recovered with relative certainty.
Proved crude oil reserves worldwide in 1960 and 2022, by region
(in billion barrels)
Characteristic
1960
2022
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OPEC. (December 14, 2023). Proved crude oil reserves worldwide in 1960 and 2022, by region (in billion barrels) [Graph]. In Statista. Retrieved July 03, 2024, from https://www.statista.com/statistics/271614/oil-reserves-by-region/
OPEC. "Proved crude oil reserves worldwide in 1960 and 2022, by region (in billion barrels)." Chart. December 14, 2023. Statista. Accessed July 03, 2024. https://www.statista.com/statistics/271614/oil-reserves-by-region/
OPEC. (2023). Proved crude oil reserves worldwide in 1960 and 2022, by region (in billion barrels). Statista. Statista Inc.. Accessed: July 03, 2024. https://www.statista.com/statistics/271614/oil-reserves-by-region/
OPEC. "Proved Crude Oil Reserves Worldwide in 1960 and 2022, by Region (in Billion Barrels)." Statista, Statista Inc., 14 Dec 2023, https://www.statista.com/statistics/271614/oil-reserves-by-region/
OPEC, Proved crude oil reserves worldwide in 1960 and 2022, by region (in billion barrels) Statista, https://www.statista.com/statistics/271614/oil-reserves-by-region/ (last visited July 03, 2024)
Proved crude oil reserves worldwide in 1960 and 2022, by region (in billion barrels) [Graph], OPEC, December 14, 2023. [Online]. Available: https://www.statista.com/statistics/271614/oil-reserves-by-region/