In 2021, crude oil reserves in Venezuela reached close to 304 billion barrels, more than triple the figure reported at the beginning of the previous decade. In turn, Venezuela boasted the largest crude oil reserves worldwide. Nevertheless, the country's oil production dipped below one million barrels per day in recent years, a drop of more than threefold in comparison to a decade earlier.
Proved crude oil reserves in Venezuela from 2010 to 2021
(in billion barrels)
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EIA. (June 1, 2022). Proved crude oil reserves in Venezuela from 2010 to 2021 (in billion barrels) [Graph]. In Statista. Retrieved December 22, 2024, from https://www.statista.com/statistics/961643/crude-oil-reserves-venezuela/
EIA. "Proved crude oil reserves in Venezuela from 2010 to 2021 (in billion barrels)." Chart. June 1, 2022. Statista. Accessed December 22, 2024. https://www.statista.com/statistics/961643/crude-oil-reserves-venezuela/
EIA. (2022). Proved crude oil reserves in Venezuela from 2010 to 2021 (in billion barrels). Statista. Statista Inc.. Accessed: December 22, 2024. https://www.statista.com/statistics/961643/crude-oil-reserves-venezuela/
EIA. "Proved Crude Oil Reserves in Venezuela from 2010 to 2021 (in Billion Barrels)." Statista, Statista Inc., 1 Jun 2022, https://www.statista.com/statistics/961643/crude-oil-reserves-venezuela/
EIA, Proved crude oil reserves in Venezuela from 2010 to 2021 (in billion barrels) Statista, https://www.statista.com/statistics/961643/crude-oil-reserves-venezuela/ (last visited December 22, 2024)
Proved crude oil reserves in Venezuela from 2010 to 2021 (in billion barrels) [Graph], EIA, June 1, 2022. [Online]. Available: https://www.statista.com/statistics/961643/crude-oil-reserves-venezuela/