Hungary Oil

Oil Reserves in Hungary

See also: List of countries by Oil Reserves

Hungary holds 28,600,000 barrels of proven oil reserves in the world as of 2016, ranking #81 in the world and accounting for about 0.0017% of the world's total oil reserves of 1,650,585,140,000.

Hungary has proven reserves equivalent to 0.5 times its annual consumption levels. This means that, without imports, there would be about 1 years of oil left (at current consumption levels and excluding unproven reserves).

History of Oil Reserves in Hungary

Oil Consumption in Hungary

See also: List of countries by Oil Consumption

• Hungary consumes 155,544 barrels per day (B/d) of oil as of the year 2016.
• Hungary ranks #62 in the world for oil consumption, accounting for about 0.16% of the world's total consumption of 97,103,871 barrels per day.
• Hungary consumes 0.67 gallons of oil per capita every day (based on the 2016 population of 9,810,532 people), or 243 gallons per capita per year (6 barrels). [1 barrel = 42 US Gallons]

Oil Production in Hungary

See also: List of countries by Oil Production

• Hungary produces 36,018 barrels per day of oil (as of 2016) ranking #69 in the world.
• Hungary produces every year an amount equivalent to 45.97% of its total proven reserves (as of 2016).

Oil Imports

• Hungary imports 77% of its oil consumption (119,913 barrels per day in 2016).

History of Oil Consumption and Production