Philippines Oil

Oil Reserves in the Philippines

See also: List of countries by Oil Reserves

the Philippines holds 138,500,000 barrels of proven oil reserves in the world as of 2016, ranking #64 in the world and accounting for about 0.0084% of the world's total oil reserves of 1,650,585,140,000.

the Philippines has proven reserves equivalent to 0.9 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 the Philippines

Oil Consumption in the Philippines

See also: List of countries by Oil Consumption

• the Philippines consumes 429,000 barrels per day (B/d) of oil as of the year 2016.
• the Philippines ranks #36 in the world for oil consumption, accounting for about 0.44% of the world's total consumption of 97,103,871 barrels per day.
• the Philippines consumes 0.17 gallons of oil per capita every day (based on the 2016 population of 106,735,719 people), or 62 gallons per capita per year (1 barrels). [1 barrel = 42 US Gallons]

Oil Production in the Philippines

See also: List of countries by Oil Production

• the Philippines produces 33,258 barrels per day of oil (as of 2016) ranking #71 in the world.
• the Philippines produces every year an amount equivalent to 8.76% of its total proven reserves (as of 2016).

Oil Imports

• the Philippines imports 52% of its oil consumption (222,133 barrels per day in 2016).

History of Oil Consumption and Production