OPEC announces volume of Azerbaijan’s oil reserves

By the end of 2021, Azerbaijan's proven oil reserves amounted to 7 billion barrels, according to the annual statistical bulletin of the Organization of the Petroleum Exporting Countries (OPEC), Report informs.

According to the bulletin, this is the same as in 2020.

However, OPEC has not changed its assessment of Azerbaijan's proven oil reserves for a year.

In 2021, the world's proven oil reserves amounted to 1,545.071 billion barrels, which is 0.02% less than at the end of 2020.