Argentina Oil

Oil Reserves in Argentina

See also: List of countries by Oil Reserves

Argentina holds 2,379,702,000 barrels of proven oil reserves in the world as of 2016, ranking #33 in the world and accounting for about 0.14% of the world's total oil reserves of 1,650,585,140,000.

Argentina has proven reserves equivalent to 9.2 times its annual consumption levels. This means that, without net exports, there would be about 9 years of oil left (at current consumption levels and excluding unproven reserves).

History of Oil Reserves in Argentina

Oil Consumption in Argentina

See also: List of countries by Oil Consumption

• Argentina consumes 709,000 barrels per day (B/d) of oil as of the year 2016.
• Argentina ranks #27 in the world for oil consumption, accounting for about 0.73% of the world's total consumption of 97,103,871 barrels per day.
• Argentina consumes 0.68 gallons of oil per capita every day (based on the 2016 population of 43,900,313 people), or 248 gallons per capita per year (6 barrels). [1 barrel = 42 US Gallons]

Oil Production in Argentina

See also: List of countries by Oil Production

• Argentina produces 708,770 barrels per day of oil (as of 2016) ranking #26 in the world.
• Argentina produces every year an amount equivalent to 10.87% of its total proven reserves (as of 2016).

Oil Exports

• Argentina exports 5% of its oil production (37,750 barrels per day in 2016).

History of Oil Consumption and Production