Cuba Oil

Oil Reserves in Cuba

See also: List of countries by Oil Reserves

Cuba holds 124,000,000 barrels of proven oil reserves in the world as of 2016, ranking #68 in the world and accounting for about 0.0075% of the world's total oil reserves of 1,650,585,140,000.

Cuba has proven reserves equivalent to 2.2 times its annual consumption levels. This means that, without net exports, there would be about 2 years of oil left (at current consumption levels and excluding unproven reserves).

History of Oil Reserves in Cuba

Oil Consumption in Cuba

See also: List of countries by Oil Consumption

• Cuba consumes 153,000 barrels per day (B/d) of oil as of the year 2016.
• Cuba ranks #64 in the world for oil consumption, accounting for about 0.16% of the world's total consumption of 97,103,871 barrels per day.
• Cuba consumes 0.57 gallons of oil per capita every day (based on the 2016 population of 11,265,612 people), or 208 gallons per capita per year (5 barrels). [1 barrel = 42 US Gallons]

Oil Production in Cuba

See also: List of countries by Oil Production

• Cuba produces 49,737 barrels per day of oil (as of 2016) ranking #64 in the world.
• Cuba produces every year an amount equivalent to 14.64% of its total proven reserves (as of 2016).

Oil Imports

• Cuba imports 69% of its oil consumption (105,396 barrels per day in 2016).

History of Oil Consumption and Production