OPEC oil reserves down by 0.2%
Baku, Azerbaijan, July 30
By Leman Zeynalova - Trend:
OPEC oil reserves stood at 1,213,666 million barrels in 2018, as compared to 1,215,809 million barrels in 2017, showing a 0.2-percent decline year-on-year, Trend reports citing the World Oil Review – 2019 of Italy’s Eni company.
This is while non-OPEC oil reserves increased by 2.1 percent in 2018, as compared to 2017, rising to 449,665 million barrels in 2018 from 440,302 million barrels the previous year, according to the report.
Total world oil reserves made up 1,663,331 million barrels in 2018, rising by 0.4 percent from 1,656,111 million barrels in 2017, said Eni.
Middle East accounted for lion’s share in world oil reserves in 2018 with 49 percent, followed by Central South America (20 percent), North America (13 percent), Russia and Central Asia (7 percent), Africa (7 percent), Asia Pacific (3 percent) and Europe (1 percent).
The world’s top reserves holders in 2018, according to Eni, are Venezuela, Saudi Arabia, Canada, Iran, Iraq, Kuwait, United Arab Emirates, Russia, US and Libya.
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