Argentina Oil

Oil Reserves in Argentina (2025)

See also: List of countries by Oil Reserves

Argentina holds 2,999,366,000 barrels of proven oil reserves as of 2025, ranking #28 in the world and accounting for about 0.17% of the world's total oil reserves of 1,765,151,568,000.

Argentina has proven reserves equivalent to 11.2 times its annual consumption levels (based on 2024 data). This means that, without net exports, there would be about 11 years of oil left (at 2024 consumption levels and excluding unproven reserves).

History of Oil Reserves in Argentina

Oil Consumption in Argentina (2024)

See also: List of countries by Oil Consumption

• Argentina consumes 734,573 barrels per day (B/d) of oil as of the year 2024.
• Argentina ranks #29 in the world for oil consumption, accounting for about 0.72% of the world's total consumption of 102,559,503 barrels per day.
• Argentina consumes 0.68 gallons of oil per capita every day (based on the 2024 population of 45,696,159 people), or 246 gallons per capita per year (6 barrels). [1 barrel = 42 US Gallons]

Oil Production in Argentina (2024)

See also: List of countries by Oil Production

• Argentina produces 891,926 barrels per day of oil (as of 2024) ranking #22 in the world.
• At 2024 production levels, Argentina produces every year about 10.85% of its proven reserves ( 2025).

Oil Exports (2018)

• In 2018, Argentina exported 7% of its oil production (47,687 barrels per day out of 704,859 produced).

History of Oil Consumption and Production