oil production in Venezuela is only a quarter of what it had been in 2015.
Venezuela has the largest oil reserves worldwide. As of 2022, it had proved reserves amounting to more than 303 billion barrels. The majority of this amount was held within the Orinoco Belt rock deposits in the form of oil sands. However, despite its great potential, political turmoil and resulting sanctions by its most important importer, the U.S., has seen Venezuela's oil industry severely affected. Current Proved oil reserves worldwide in 1960 and 2022, by key countries (in million barrels)
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Other statistics that may interest you Oil industry in Canada
Overview
2
Well infrastructure
5
- Basic Statistic Oil and gas wells drilled in Canada 2021, by region
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Reserves & production
6
- Basic Statistic Proved oil reserves in Canada 2021, by type
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Trade & prices
5
- Premium Statistic Oil exports from Canada 2005-2022
- Basic Statistic Crude oil exports from Canada 2022, by destination
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Economic impact
5
- Basic Statistic Oil industry capital investments in Canada 2021, by region
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Companies
5
Further related statistics
18
- Countries with greatest recoverable oil reserves by reserve category 2020
- Proved oil reserves share worldwide by country 2019
- Distribution of the leading global oil companies by reserves 2014
- Crude oil initial reserves in Canada by region and type 2016
- Tight oil recoverable reserves worldwide by country 2016
- Imperial Oil's oil and gas reserves by type 2022
- Middle East crude oil reserves by selected country 2015
- Proved oil reserves in Libya 1990-2020
- Proved oil reserves of United Arab Emirates 1990-2020
- Proved crude oil reserves in the U.S. 1990-2020
- Total potential oil reserves in Indonesia 2007-2016
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Further Content: You might find this interesting as well
Statistics
- Countries with greatest recoverable oil reserves by reserve category 2020
- Proved oil reserves share worldwide by country 2019
- Distribution of the leading global oil companies by reserves 2014
- Crude oil initial reserves in Canada by region and type 2016
- Tight oil recoverable reserves worldwide by country 2016
- Imperial Oil's oil and gas reserves by type 2022
- Middle East crude oil reserves by selected country 2015
- Proved oil reserves in Libya 1990-2020
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- Proved crude oil reserves in the U.S. 1990-2020
- Total potential oil reserves in Indonesia 2007-2016
- Oil and condensates reserves in Sarawak Malaysia 2001-2020
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Topics
Oil industry in CanadaOPEC. (December 14, 2023). Proved oil reserves worldwide in 1960 and 2022, by key countries (in million barrels) [Graph]. In Statista. Retrieved April 29, 2024, from https://www.statista.com/statistics/264439/oil-reserves-in-selected-countries-since-1990/
OPEC. "Proved oil reserves worldwide in 1960 and 2022, by key countries (in million barrels)." Chart. December 14, 2023. Statista. Accessed April 29, 2024. https://www.statista.com/statistics/264439/oil-reserves-in-selected-countries-since-1990/
OPEC. (2023). Proved oil reserves worldwide in 1960 and 2022, by key countries (in million barrels). Statista. Statista Inc.. Accessed: April 29, 2024. https://www.statista.com/statistics/264439/oil-reserves-in-selected-countries-since-1990/
OPEC. "Proved Oil Reserves Worldwide in 1960 and 2022, by Key Countries (in Million Barrels)." Statista, Statista Inc., 14 Dec 2023, https://www.statista.com/statistics/264439/oil-reserves-in-selected-countries-since-1990/
OPEC, Proved oil reserves worldwide in 1960 and 2022, by key countries (in million barrels) Statista, https://www.statista.com/statistics/264439/oil-reserves-in-selected-countries-since-1990/ (last visited April 29, 2024)
Proved oil reserves worldwide in 1960 and 2022, by key countries (in million barrels) [Graph], OPEC, December 14, 2023. [Online]. Available: https://www.statista.com/statistics/264439/oil-reserves-in-selected-countries-since-1990/