Crude oil reserves as a share of worldwide reserves reached 6.15 % in 2017 in Kuwait, according to EIA. This is the same as in the previous year.
Historically, crude oil reserves as a share of worldwide reserves in Kuwait reached an all time high of 13.5 % in 1987 and an all time low of 6.15 % in 2016. When compared to Kuwait's main peers, crude oil reserves as a share of worldwide reserves in Bahrain amounted to 0.008 %, 8.63 % in Iraq, 9.60 % in Iran and 16.1 % in Saudi Arabia in 2017.
Kuwait has been ranked 7th within the group of 98 countries we follow in terms of crude oil reserves as a share of worldwide reserves, 1 places behind the position seen 10 years ago.
Proved reserves are estimated quantities of energy sources that the analysis of geological and engineering data demonstrates with reasonable certainty are recoverable under existing economic and operating conditions.