Israel Oil

Oil Reserves in Israel

See also: List of countries by Oil Reserves

Israel holds 13,953,000 barrels of proven oil reserves in the world as of 2016, ranking #87 in the world and accounting for about 0.00085% of the world's total oil reserves of 1,650,585,140,000.

Israel has proven reserves equivalent to 0.2 times its annual consumption levels. This means that, without net exports, there would be about 0 years of oil left (at current consumption levels and excluding unproven reserves).

History of Oil Reserves in Israel

Oil Consumption in Israel

See also: List of countries by Oil Consumption

• Israel consumes 236,249 barrels per day (B/d) of oil as of the year 2016.
• Israel ranks #51 in the world for oil consumption, accounting for about 0.24% of the world's total consumption of 97,103,871 barrels per day.
• Israel consumes 1.21 gallons of oil per capita every day (based on the 2016 population of 8,210,005 people), or 441 gallons per capita per year (11 barrels). [1 barrel = 42 US Gallons]

Oil Production in Israel

See also: List of countries by Oil Production

• Israel produces 5,977 barrels per day of oil (as of 2016) ranking #95 in the world.
• Israel produces every year an amount equivalent to 15.64% of its total proven reserves (as of 2016).

Oil Imports

• Israel imports 92% of its oil consumption (217,657 barrels per day in 2016).

History of Oil Consumption and Production