Saudi Arabia: Oil reserves
* indicates monthly or quarterly data series
| Saudi Arabia |
Oil reserves, billion barrels |
|---|---|
| Latest value | 258.60 |
| Year | 2021 |
| Measure | billion barrels |
| Data availability | 1980 - 2021 |
| Average | 240.67 |
| Min - Max | 165.32 - 267.03 |
| Source | The U.S. Energy Information Administration |
The latest value from 2021 is 258.6 billion barrels, a decline from 267.03 billion barrels in 2020. In comparison, the world average is 9.09 billion barrels, based on data from 187 countries. Historically, the average for Saudi Arabia from 1980 to 2021 is 240.67 billion barrels. The minimum value, 165.32 billion barrels, was reached in 1983 while the maximum of 267.03 billion barrels was recorded in 2020.
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Definition: Proved reserves of crude oil are the estimated quantities of all liquids defined as crude oil, which geological and engineering data demonstrate with reasonable certainty to be recoverable in future years from reservoirs under existing economic and operating conditions.
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| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| Oil reserves | 258.60 | 2021 | billion barrels |
| Oil production | 9,733.48 | 2023 | thousand Barrels Per Day |
| Oil consumption | 3,141.00 | 2014 | thousand barrels per day |
| Diesel and heating oil consumption | 490.56 | 2022 | thousand barrels per day |
| Gasoline production | 440.92 | 2014 | thousand barrels per day |
| Gasoline consumption | 502.89 | 2022 | thousand barrels per day |
| LPG production | 44.30 | 2014 | thousand barrels per day |
| LPG consumption | 553.50 | 2022 | thousand barrels per day |
| Jet fuel production | 80.15 | 2014 | thousand barrels per day |
| Jet fuel consumption | 42.08 | 2022 | thousand barrels per day |
| Coal reserves | 0.00 | 2022 | million short tons |
| Coal production | 0.00 | 2022 | thousand short tons |
| Coal consumption | 131.55 | 2022 | thousand short tons |
| Coal imports | 131.69 | 2022 | thousand short tons |
| Coal exports | 0.14 | 2022 | thousand short tons |
| Electricity production capacity | 80.11 | 2022 | million kilowatts |
| Electricity production | 431.92 | 2022 | billion kilowatthours |
| Electricity consumption | 393.21 | 2022 | billion kilowatthours |
| Electricity imports | 0.33 | 2022 | billion kilowatthours |
| Electricity exports | 0.38 | 2022 | billion kilowatthours |
| Renewable power capacity | 0.44 | 2022 | million kilowatts |
| Renewable power generation | 1.28 | 2022 | billion kilowatthours |