Trinidad and Tobago Oil

Oil Reserves in Trinidad and Tobago

See also: List of countries by Oil Reserves

Trinidad and Tobago holds 728,300,000 barrels of proven oil reserves in the world as of 2016, ranking #41 in the world and accounting for about 0.044% of the world's total oil reserves of 1,650,585,140,000.

Trinidad and Tobago has proven reserves equivalent to 35 times its annual consumption levels. This means that, without imports, there would be about 35 years of oil left (at current consumption levels and excluding unproven reserves).

History of Oil Reserves in Trinidad and Tobago

Oil Consumption in Trinidad and Tobago

See also: List of countries by Oil Consumption

• Trinidad and Tobago consumes 57,000 barrels per day (B/d) of oil as of the year 2016.
• Trinidad and Tobago ranks #95 in the world for oil consumption, accounting for about 0.059% of the world's total consumption of 97,103,871 barrels per day.
• Trinidad and Tobago consumes 1.67 gallons of oil per capita every day (based on the 2016 population of 1,437,026 people), or 608 gallons per capita per year (14 barrels). [1 barrel = 42 US Gallons]

Oil Production in Trinidad and Tobago

See also: List of countries by Oil Production

• Trinidad and Tobago produces 97,726 barrels per day of oil (as of 2016) ranking #50 in the world.
• Trinidad and Tobago produces every year an amount equivalent to 4.9% of its total proven reserves (as of 2016).

Oil Imports

• Trinidad and Tobago imports 55% of its oil consumption (31,383 barrels per day in 2016).

History of Oil Consumption and Production