Spain Oil

Oil Reserves in Spain

See also: List of countries by Oil Reserves

Spain holds 150,000,000 barrels of proven oil reserves in the world as of 2016, ranking #62 in the world and accounting for about 0.0091% of the world's total oil reserves of 1,650,585,140,000.

Spain has proven reserves equivalent to 0.3 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 Spain

Oil Consumption in Spain

See also: List of countries by Oil Consumption

• Spain consumes 1,290,063 barrels per day (B/d) of oil as of the year 2016.
• Spain ranks #18 in the world for oil consumption, accounting for about 1.33% of the world's total consumption of 97,103,871 barrels per day.
• Spain consumes 1.16 gallons of oil per capita every day (based on the 2016 population of 46,732,771 people), or 423 gallons per capita per year (10 barrels). [1 barrel = 42 US Gallons]

Oil Production in Spain

See also: List of countries by Oil Production

• Spain produces 71,783 barrels per day of oil (as of 2016) ranking #55 in the world.
• Spain produces every year an amount equivalent to 17.47% of its total proven reserves (as of 2016).

Oil Imports

• Spain imports 100% of its oil consumption (1,292,187 barrels per day in 2016).

History of Oil Consumption and Production