The Middle East holds approximately 871 billion barrels of proved crude oil reserves as of 2023. 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 2023, by region
(in billion barrels)
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OPEC. (July 1, 2024). Proved crude oil reserves worldwide in 1960 and 2023, by region (in billion barrels) [Graph]. In Statista. Retrieved November 17, 2024, from https://www.statista.com/statistics/271614/oil-reserves-by-region/
OPEC. "Proved crude oil reserves worldwide in 1960 and 2023, by region (in billion barrels)." Chart. July 1, 2024. Statista. Accessed November 17, 2024. https://www.statista.com/statistics/271614/oil-reserves-by-region/
OPEC. (2024). Proved crude oil reserves worldwide in 1960 and 2023, by region (in billion barrels). Statista. Statista Inc.. Accessed: November 17, 2024. https://www.statista.com/statistics/271614/oil-reserves-by-region/
OPEC. "Proved Crude Oil Reserves Worldwide in 1960 and 2023, by Region (in Billion Barrels)." Statista, Statista Inc., 1 Jul 2024, https://www.statista.com/statistics/271614/oil-reserves-by-region/
OPEC, Proved crude oil reserves worldwide in 1960 and 2023, by region (in billion barrels) Statista, https://www.statista.com/statistics/271614/oil-reserves-by-region/ (last visited November 17, 2024)
Proved crude oil reserves worldwide in 1960 and 2023, by region (in billion barrels) [Graph], OPEC, July 1, 2024. [Online]. Available: https://www.statista.com/statistics/271614/oil-reserves-by-region/
