According to current estimates, almost 81% of the world’s proven oil reserves are located in OPEC Member Countries, with the bulk of OPEC oil reserves in the Middle East, amounting to 66% of the OPEC total.
OPEC Member Countries have made significant additions to their oil reserves in recent years, for example, by adopting best practices in the industry, realizing intensive explorations and enhancing recoveries. As a result, OPEC’s proven oil reserves currently stand at 1,206.17 billion barrels.
Source: OPEC
By
Robert Williams
Editor in Chief
News24.7WorldPress
Share this:
Discover more from #News247WorldPress
Subscribe to get the latest posts sent to your email.