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2009

ASB 2008

OPEC Facts and figures

According to current estimates, more than three-quarters of the world's proven oil reserves are located in OPEC Member Countries, with the bulk of OPEC oil reserves in the Middle East, amounting to 72% of the OPEC total. OPEC Member Countries have made significant additions to their oil reserves in recent years, for example, by adopting best practices in the industry. As a result, OPEC's proven oil reserves currently stand at well above 1000 billion barrels.

Latest Graphs:
OPEC Share of World Crude Oil Reserves 2008
World crude oil reserves: Cumulative production versus net additions (2000-2008)
Conventional Resource Base is sufficient