| Barrels | Global Rank | |
|---|---|---|
| Oil Reserves | 2,379,702,000 | #33 in the world |
| Barrels per day | Global Rank | |
|---|---|---|
| Oil Production | 708,770 | #26 in the world |
| Oil Consumption | 709,000 | #27 in the world |
| Daily Deficit | −230 | |
| Oil Imports | 16,180 | |
| Oil Exports | 53,930 | |
| Net Exports | 37,750 |
See also: List of countries by Oil Reserves
Argentina holds 2,379,702,000 barrels of proven oil reserves in the world as of 2016, ranking #33 in the world and accounting for about 0.14% of the world’s total oil reserves of 1,650,585,140,000.
Argentina has proven reserves equivalent to 9.2 times its annual consumption levels. This means that, without Net Exports, there would be about 9 years of oil left (at current consumption levels and excluding unproven reserves).
See also: List of countries by Oil Consumption
Argentina consumes 709,000 barrels per day (B/d) of oil as of the year 2016.
Argentina ranks #27 in the world for oil consumption, accounting for about 0.73% of the world’s total consumption of 97,103,871 barrels per day.
Argentina consumes 0.68 gallons of oil per capita every day (based on the 2016 population of 43,900,313 people), or 248 gallons per capita per year (6 barrels). [1 barrel = 42 US Gallons]
See also: List of countries by Oil Production
Argentina produces 708,770 barrels per day of oil (as of 2016) ranking #26 in the world.
Argentina produces every year an amount equivalent to 10.87% of its total proven reserves (as of 2016).