Venezuela holds the largest crude oil reserves of any OPEC member state. In 2023, 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 2023.
OPEC stands for the Organization of the Petroleum Exporting Countries.
Distribution of OPEC crude oil reserves in 2023, by member state
Profit from the additional features of your individual account
Currently, you are using a shared account. To use individual functions (e.g., mark statistics as favourites, set
statistic alerts) please log in with your personal account.
If you are an admin, please authenticate by logging in again.
Learn more about how Statista can support your business.
OPEC. (July 1, 2024). Distribution of OPEC crude oil reserves in 2023, by member state [Graph]. In Statista. Retrieved November 10, 2024, from https://www-statista-com.ezproxy.canberra.edu.au/statistics/1370179/opec-crude-oil-reserves-share-by-member-country/
OPEC. "Distribution of OPEC crude oil reserves in 2023, by member state." Chart. July 1, 2024. Statista. Accessed November 10, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/1370179/opec-crude-oil-reserves-share-by-member-country/
OPEC. (2024). Distribution of OPEC crude oil reserves in 2023, by member state. Statista. Statista Inc.. Accessed: November 10, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/1370179/opec-crude-oil-reserves-share-by-member-country/
OPEC. "Distribution of Opec Crude Oil Reserves in 2023, by Member State." Statista, Statista Inc., 1 Jul 2024, https://www-statista-com.ezproxy.canberra.edu.au/statistics/1370179/opec-crude-oil-reserves-share-by-member-country/
OPEC, Distribution of OPEC crude oil reserves in 2023, by member state Statista, https://www-statista-com.ezproxy.canberra.edu.au/statistics/1370179/opec-crude-oil-reserves-share-by-member-country/ (last visited November 10, 2024)
Distribution of OPEC crude oil reserves in 2023, by member state [Graph], OPEC, July 1, 2024. [Online]. Available: https://www-statista-com.ezproxy.canberra.edu.au/statistics/1370179/opec-crude-oil-reserves-share-by-member-country/
