Philippines Oil

Summary Table

  Barrels Global Rank
138,500,000 64th in the world

  Barrels per Day Global Rank
33,258 71st in the world
429,000 35th in the world
Daily Deficit
-395,742  
Oil Imports
236,907  
Oil Exports
14,774  
222,133  
(Data shown is for 2016, the latest year with complete data in all categoreies)

Oil Reserves in the Philippines

See also: List of countries by Oil Reserves

The Philippines holds 138,500,000 barrels of proven oil reserves as of 2016, ranking 64th in the world and accounting for about 0.0% of the world's total oil reserves of 1,650,585,140,000 barrels.

Total Oil Reserves in the Philippines are less than even a single year of oil consumption (156,585,000 barrels as of 2016), making the Philippines highly dependent on oil imports in order to substain its consumption levels.

Oil Reserves
138,500,000 barrels
Global Rank: 64th | Share of World: 0.01 %
1 years of oil left
(at current consumption levels)

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 35th in the world for oil consumption, accounting for about 0.4% 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 103,663,816 people), or 63 gallons per capita per year (2 barrels). [1 barrel = 42 US Gallons]

Oil Production in the Philippines

See also: List of countries by Oil Production

  • The Philippines produces 33,258.00 barrels per day of oil (as of 2016) ranking 71st in the world.
  • The Philippines produces every year an amount equivalent to 8.8% 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

See also

Sources