Assumptions to the Annual Energy Outlook 2003

Table 7.  Worldwide Oil Reserves as of January 1, 2002
                (Billion Barrels)

  Region

 

 Proved Oil Reserves

Western Hemisphere

149.8

Western‘Europe

17.1

Asia-Pacific

43.8

Eastern Europe and F.S.U.

58.6

Middle East

685.6

Africa

76.7

Total World

1,031.6

Total OPEC

818.8

Source:  PennWell Publishing Co., International Petroleum Encyclopedia, (Tulsa, OK, 2002).