Venezuela has ~1/5 of the world’s proven crude reserves, or an estimated 303 billion barrels. Most other major deposits are concentrated in the Middle East. OPEC’s figures exclude Canada’s oil sands, which if included, would place Canada fourth globally in 2024.
Venezuela has ~1/5 of the world’s proven crude reserves, or an estimated 303 billion barrels. Most other major deposits are concentrated in the Middle East. OPEC’s figures exclude Canada’s oil sands, which if included, would place Canada fourth globally in 2024.