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Most proven oil reserves (2020, thousand million barrels)

Global proved oil reserves were 1732 billion barrels at the end of 2020, down 2 billion barrels versus 2019. OPEC holds 70.2% of global reserves. The top countries in terms of reserves are Venezuela (17.5% of global reserves), closely followed by Saudi Arabia (17.2%) and Canada (9.7%).


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Details at BP here

Source: BP - Statistical Review of World Energy 2021 Report



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