Saudi Arabia vs Venezuela, Bolivarian Republic of: Oil reserves
Oil reserves over time
- Saudi Arabia
- Venezuela, Bolivarian Republic of
How they compare
Venezuela, Bolivarian Republic of currently reports 48.30 billion cubic meters against 41.11 billion cubic meters in Saudi Arabia, a difference of 7.19 billion cubic meters.
That makes Venezuela, Bolivarian Republic of's figure about 1.2 times Saudi Arabia's.
The two have swapped places 1 time across 42 shared years of data; in 1980 it was Saudi Arabia ahead.
Saudi Arabia ranks 2nd and Venezuela, Bolivarian Republic of ranks 1st of 212 countries.
Across the 5 decades both report, Saudi Arabia averaged higher in 4 and Venezuela, Bolivarian Republic of in 1.
Head to head by decade
| Decade | Saudi Arabia | Venezuela, Bolivarian Republic of | Difference | Ahead |
|---|---|---|---|---|
| 1980s | 26.89 billion cubic meters | 4.66 billion cubic meters | 22.22 billion cubic meters | Saudi Arabia |
| 1990s | 41.44 billion cubic meters | 10.19 billion cubic meters | 31.25 billion cubic meters | Saudi Arabia |
| 2000s | 41.81 billion cubic meters | 12.82 billion cubic meters | 28.99 billion cubic meters | Saudi Arabia |
| 2010s | 42.22 billion cubic meters | 41.67 billion cubic meters | 547.12 million cubic meters | Saudi Arabia |
| 2020s | 41.78 billion cubic meters | 48.22 billion cubic meters | 6.44 billion cubic meters | Venezuela, Bolivarian Republic of |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher oil reserves, Saudi Arabia or Venezuela, Bolivarian Republic of?
- Venezuela, Bolivarian Republic of, at 48.30 billion cubic meters against 41.11 billion cubic meters in Saudi Arabia as of 2021.
- What is the difference in oil reserves between Saudi Arabia and Venezuela, Bolivarian Republic of?
- 7.19 billion cubic meters, with Venezuela, Bolivarian Republic of ahead.
- How many years of comparable data are there for Saudi Arabia and Venezuela, Bolivarian Republic of?
- 42 years are reported by both, from 1980 to 2021.
- How do Saudi Arabia and Venezuela, Bolivarian Republic of rank globally for oil reserves?
- Saudi Arabia ranks 2nd and Venezuela, Bolivarian Republic of ranks 1st of 212 countries.
- Where does this data come from?
- U.S. Energy Information Administration (2022) β with major processing by Our World in Data, published as Oil reserves. Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
Proved reserves, measured in cubic meters, are generally those quantities that can be recovered in the future from known reservoirs under existing economic and operating conditions, according to geological and engineering information. Includes crude oil and lease condensate.