China Oil

Oil Reserves in China

See also: List of countries by Oil Reserves

China holds 25,132,122,000 barrels of proven oil reserves in the world as of 2016, ranking #14 in the world and accounting for about 1.52% of the world's total oil reserves of 1,650,585,140,000.

China has proven reserves equivalent to 5.4 times its annual consumption levels. This means that, without imports, there would be about 5 years of oil left (at current consumption levels and excluding unproven reserves).

History of Oil Reserves in China

Oil Consumption in China

See also: List of countries by Oil Consumption

• China consumes 12,791,553 barrels per day (B/d) of oil as of the year 2016.
• China ranks #2 in the world for oil consumption, accounting for about 13.17% of the world's total consumption of 97,103,871 barrels per day.
• China consumes 0.38 gallons of oil per capita every day (based on the 2016 population of 1,404,052,632 people), or 140 gallons per capita per year (3 barrels). [1 barrel = 42 US Gallons]

Oil Production in China

See also: List of countries by Oil Production

• China produces 4,905,071 barrels per day of oil (as of 2016) ranking #4 in the world.
• China produces every year an amount equivalent to 7.12% of its total proven reserves (as of 2016).

Oil Imports

• China imports 59% of its oil consumption (7,561,948 barrels per day in 2016).

History of Oil Consumption and Production