Italy Oil

Oil Reserves in Italy

See also: List of countries by Oil Reserves

Italy holds 579,232,000 barrels of proven oil reserves in the world as of 2016, ranking #47 in the world and accounting for about 0.035% of the world's total oil reserves of 1,650,585,140,000.

Italy has proven reserves equivalent to 1.3 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 Italy

Oil Consumption in Italy

See also: List of countries by Oil Consumption

• Italy consumes 1,236,628 barrels per day (B/d) of oil as of the year 2016.
• Italy ranks #19 in the world for oil consumption, accounting for about 1.27% of the world's total consumption of 97,103,871 barrels per day.
• Italy consumes 0.86 gallons of oil per capita every day (based on the 2016 population of 60,478,107 people), or 313 gallons per capita per year (7 barrels). [1 barrel = 42 US Gallons]

Oil Production in Italy

See also: List of countries by Oil Production

• Italy produces 150,147 barrels per day of oil (as of 2016) ranking #39 in the world.
• Italy produces every year an amount equivalent to 9.46% of its total proven reserves (as of 2016).

Oil Imports

• Italy imports 97% of its oil consumption (1,200,492 barrels per day in 2016).

History of Oil Consumption and Production