OPEC crude oil reserves breakdown 2024, by country

Distribution of OPEC crude oil reserves in 2024, by country

CharacteristicShare of OPEC's reserves
Venezuela 24.4%
Saudi Arabia 21.5%
Iran 16.8%
Iraq 11.7%
United Arab Emirates 9.1%
Kuwait 8.2%
Libya 3.9%
Nigeria 3%
Algeria 1%
Gabon 0.2%
Congo 0.1%
Equatorial Guinea 0.1%
Created with Highcharts 7.2.2Share of OPEC's reserves24.4%24.4%21.5%21.5%16.8%16.8%11.7%11.7%9.1%9.1%8.2%8.2%3.9%3.9%3%3%1%1%0.2%0.2%0.1%0.1%0.1%0.1%VenezuelaSaudi ArabiaIranIraqUnited Arab EmiratesKuwaitLibyaNigeriaAlgeriaGabonCongoEquatorial Guinea
0%2%4%6%8%10%12%14%16%18%20%22%24%26%28%
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Release date

2025

Region

Worldwide

Survey time period

2024

Supplementary notes

Figures were manually calculated.

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