New Zealand Oil

Oil Reserves in New Zealand

See also: List of countries by Oil Reserves

New Zealand holds 64,100,000 barrels of proven oil reserves in the world as of 2016, ranking #75 in the world and accounting for about 0.0039% of the world's total oil reserves of 1,650,585,140,000.

New Zealand has proven reserves equivalent to 1.1 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 New Zealand

Oil Consumption in New Zealand

See also: List of countries by Oil Consumption

• New Zealand consumes 166,913 barrels per day (B/d) of oil as of the year 2016.
• New Zealand ranks #60 in the world for oil consumption, accounting for about 0.17% of the world's total consumption of 97,103,871 barrels per day.
• New Zealand consumes 1.49 gallons of oil per capita every day (based on the 2016 population of 4,714,770 people), or 543 gallons per capita per year (13 barrels). [1 barrel = 42 US Gallons]

Oil Production in New Zealand

See also: List of countries by Oil Production

• New Zealand produces 43,907 barrels per day of oil (as of 2016) ranking #66 in the world.
• New Zealand produces every year an amount equivalent to 25% of its total proven reserves (as of 2016).

Oil Imports

• New Zealand imports 46% of its oil consumption (76,740 barrels per day in 2016).

History of Oil Consumption and Production