Crude oil reserves as a share of worldwide reserves reached 16.1 % in 2017 in Saudi Arabia, according to EIA. This is 0.046 % less than in the previous year.
Historically, crude oil reserves as a share of worldwide reserves in Saudi Arabia reached an all time high of 26.3 % in 1992 and an all time low of 16.1 % in 2017. When compared to Saudi Arabia's main peers, crude oil reserves as a share of worldwide reserves in Iraq amounted to 8.63 %, < 0.001 % in Jordan, 5.93 % in United Arab Emirates and 0.182 % in Yemen in 2017.
Saudi Arabia has been ranked 3rd 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.