MOSCOW: The volume of proven world oil reserves at the end of 2022 increased by 1.1 per cent compared to 2021 and amounted to 1.564 trillion barrels, the Organisation of the Petroleum Exporting Countries (Opec) said on Tuesday, reported Sputnik.
“World proven crude oil reserves stood at 1,564 billion barrels (bn b) at the end of 2022, higher by 17 bn b, or 1.1 per cent from the 2021 levels. Proven crude oil reserves in OPEC member countries increased marginally to 1,244 bn b at the end of 2022, following a decline during 2021,” Opec said in the Annual Statistical Bulletin.
At the same time, the organisation added that world proven natural gas reserves at the end of 2022 amounted to about 210.06 trillion cubic metres, an increase of 2.4 per cent over the year.
Natural gas reserves in Opec countries reached 75.12 trillion cubic metres, which is 1.2 per cent higher than in 2021, the statement read. – BERNAMA-SPUTNIK
