Business and economic intelligence for the Gulf and Iraq.

Indicators

Proven crude oil reserves

bn barrels · annual

Proven crude oil reserves at year-end, in billion barrels, as reported by the producing country to OPEC.

Methodology: OPEC ASB Table 3.1 (excludes oil sands). National reserve estimates are self-reported and rarely audited; year-to-year changes are usually revisions, not discoveries. Bahrain is not listed separately by OPEC and comes from OAPEC.

Sources

  1. OPEC Annual Statistical Bulletin · opec.org
  2. OAPEC Annual Statistical Report · oapecorg.org