China Oil

Summary Table

  Barrels Global Rank
25,132,122,000 14th in the world

  Barrels per Day Global Rank
4,905,071 4th in the world
12,791,553 2nd in the world
Daily Deficit
-7,886,482  
Oil Imports
7,620,760  
Oil Exports
58,812  
7,561,948  
(Data shown is for 2016, the latest year with complete data in all categoreies)

Oil Reserves in China

See also: List of countries by Oil Reserves

China holds 25,132,122,000 barrels of proven oil reserves as of 2016, ranking 14th in the world and accounting for about 1.5% of the world's total oil reserves of 1,650,585,140,000 barrels.

China has proven reserves equivalent to 5.4 times its annual consumption. This means that, without imports, there would be about 5 years of oil left (at current consumption levels and excluding unproven reserves).

Oil Reserves
25,132,122,000 barrels
Global Rank: 14th | Share of World: 1.52 %
5 years of oil left
(at current consumption levels)

History of Oil Reserves in China

Oil Consumption in China

See also: List of countries by Oil Consumption

  • China consumes 12,791,553 barrels per day (B/d) of oil as of the year 2016.
  • China ranks 2nd in the world for oil consumption, accounting for about 13.2% of the world's total consumption of 97,103,871 barrels per day.
  • China consumes 0.38 gallons of oil per capita every day (based on the 2016 population of 1,414,049,351 people), or 139 gallons per capita per year (3 barrels). [1 barrel = 42 US Gallons]

Oil Production in China

See also: List of countries by Oil Production

  • China produces 4,905,070.87 barrels per day of oil (as of 2016) ranking 4th in the world.
  • China produces every year an amount equivalent to 7.1% of its total proven reserves (as of 2016).

Oil Imports

  • China imports 59% of its oil consumption (7,561,948 barrels per day in 2016).

History of Oil Consumption and Production

See also

Sources