average annual OPEC crude oil price was some 100 U.S. dollars per barrel. OPEC stands for the Organization of the Petroleum Exporting Countries and was established in Iraq in 1960.
Venezuela is the OPEC member state with the largest crude oil reserves. In 2022, the South American country had an estimated reserve of some 303.22 billion barrels. In that same year, the Crude oil reserves in OPEC countries in 2012 and 2022 (in billion barrels)
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Other statistics that may interest you OPEC
Overview
6
- Premium Statistic Global oil production 1998-2022
- Premium Statistic Global oil refinery capacity 1970-2022
- Premium Statistic Global oil consumption 1970-2022
- Premium Statistic Global crude oil export value by country 2022
- Basic Statistic Voluntary oil output cuts by OPEC+ countries 2023
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Reserves
4
Production and refinery
6
- Premium Statistic OPEC's crude oil production 1998-2022
- Premium Statistic OPEC 's global crude oil production share 2010-2022
- Basic Statistic OPEC natural gas production by country 2012-2022
- Basic Statistic OPEC's global natural gas production share 2010-2022
- Basic Statistic OPEC refinery capacity 2010-2022
- Premium Statistic OPEC refinery capacity 2012-2022, by member state
Prices
4
Trade
5
- Basic Statistic OPEC's net oil export revenue 2021-2024
- Basic Statistic OPEC net oil export revenue streams by country 2022
- Premium Statistic Global crude oil exports by OPEC countries 2012-2022
- Premium Statistic Oil exports from OPEC regions 2021
- Basic Statistic OPEC oil exports 2012-2022, by region
Selected member state profiles
8
- Premium Statistic Algeria's fossil fuels industry select information 2022
- Premium Statistic Angola's fossil fuels industry selected figures 2022
- Premium Statistic Equatorial Guinea's fossil fuels industry selected figures 2022
- Premium Statistic Gabon's fossil fuels industry selected figures 2022
- Premium Statistic Iran's fossil fuels industry select information 2021
- Premium Statistic Iraq's fossil fuels industry select information 2021
- Basic Statistic Kuwait's fossil fuels industry selected figures 2021
- Basic Statistic Libya's fossil fuels industry select information 2022
Further related statistics
16
- Proved oil reserves of United Arab Emirates 1990-2020
- Proved oil reserves in Libya 1990-2020
- Distribution of the leading global oil companies by reserves 2014
- Crude oil initial reserves in Canada by region and type 2016
- Proved oil reserves in North America 1990-2020
- Proved crude oil reserves in the U.S. 1990-2020
- Middle East crude oil reserves by selected country 2015
- Proved oil reserves share worldwide by country 2019
- Countries with greatest recoverable oil reserves by reserve category 2020
- Global years of remaining global oil supply by region 2020
- Global oil reserves to production ratio 1980-2020
- Imperial Oil's oil and gas reserves by type 2022
- Leading U.S. oil companies 2022, by proved oil reserves
- ADNOC Offshore Umm Shaif & Nasr shareholder distribution UAE 2019
- Global oil reserves by region 2009
- Value performance of selected commodities prices 1996-2010
Further Content: You might find this interesting as well
Statistics
- Proved oil reserves of United Arab Emirates 1990-2020
- Proved oil reserves in Libya 1990-2020
- Distribution of the leading global oil companies by reserves 2014
- Crude oil initial reserves in Canada by region and type 2016
- Proved oil reserves in North America 1990-2020
- Proved crude oil reserves in the U.S. 1990-2020
- Middle East crude oil reserves by selected country 2015
- Proved oil reserves share worldwide by country 2019
- Countries with greatest recoverable oil reserves by reserve category 2020
- Global years of remaining global oil supply by region 2020
- Global oil reserves to production ratio 1980-2020
- Imperial Oil's oil and gas reserves by type 2022
- Leading U.S. oil companies 2022, by proved oil reserves
- ADNOC Offshore Umm Shaif & Nasr shareholder distribution UAE 2019
- Global oil reserves by region 2009
- Value performance of selected commodities prices 1996-2010
Topics
OPECOPEC. (December 14, 2023). Crude oil reserves in OPEC countries in 2012 and 2022 (in billion barrels) [Graph]. In Statista. Retrieved April 23, 2024, from https://www.statista.com/statistics/273339/oil-reserves-in-opec-countries/
OPEC. "Crude oil reserves in OPEC countries in 2012 and 2022 (in billion barrels)." Chart. December 14, 2023. Statista. Accessed April 23, 2024. https://www.statista.com/statistics/273339/oil-reserves-in-opec-countries/
OPEC. (2023). Crude oil reserves in OPEC countries in 2012 and 2022 (in billion barrels). Statista. Statista Inc.. Accessed: April 23, 2024. https://www.statista.com/statistics/273339/oil-reserves-in-opec-countries/
OPEC. "Crude Oil Reserves in Opec Countries in 2012 and 2022 (in Billion Barrels)." Statista, Statista Inc., 14 Dec 2023, https://www.statista.com/statistics/273339/oil-reserves-in-opec-countries/
OPEC, Crude oil reserves in OPEC countries in 2012 and 2022 (in billion barrels) Statista, https://www.statista.com/statistics/273339/oil-reserves-in-opec-countries/ (last visited April 23, 2024)
Crude oil reserves in OPEC countries in 2012 and 2022 (in billion barrels) [Graph], OPEC, December 14, 2023. [Online]. Available: https://www.statista.com/statistics/273339/oil-reserves-in-opec-countries/