Crude oil reserves as a share of worldwide reserves reached 5.93 % in 2017 in United Arab Emirates, according to EIA. This is the same as in the previous year.
Historically, crude oil reserves as a share of worldwide reserves in United Arab Emirates reached an all time high of 11.0 % in 1988 and an all time low of 4.57 % in 1980. When compared to United Arab Emirates's main peers, crude oil reserves as a share of worldwide reserves in Bahrain amounted to 0.008 %, 0.326 % in Oman, 1.53 % in Qatar and 16.1 % in Saudi Arabia in 2017.
United Arab Emirates has been ranked 8th 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.