The Arab World's oil reserves totaled 650.7 billion barrels in 2001, accounting for 61 percent of the world's total reservers, stated an Arab economic report. The region's proven natural gas reserves reached 40 trillion cubic meters in 2001, accounting for 25.5 percent of the world's total reserves.
Saudi Arabia sits on the world's biggest oil reserves with an estimated 261 billion barrels and has proven natural gas reserves of 220 trillion cubic feet (6.6 trillion cubic meters). — (menareport.com)
© 2002 Mena Report (www.menareport.com )