Azerbaijan Oil

Oil Reserves in Azerbaijan

See also: List of countries by Oil Reserves

Azerbaijan holds 7,000,000,000 barrels of proven oil reserves in the world as of 2016, ranking #20 in the world and accounting for about 0.42% of the world’s total oil reserves of 1,650,585,140,000.

Azerbaijan has proven reserves equivalent to 199.8 times its annual consumption levels. This means that, without Net Exports, there would be about 200 years of oil left (at current consumption levels and excluding unproven reserves).

History of Oil Reserves in Azerbaijan

Oil Consumption in Azerbaijan

See also: List of countries by Oil Consumption

• Azerbaijan consumes 96,000 barrels per day (B/d) of oil as of the year 2016.

• Azerbaijan ranks #81 in the world for oil consumption, accounting for about 0.099% of the world’s total consumption of 97,103,871 barrels per day.

• Azerbaijan consumes 0.41 gallons of oil per capita every day (based on the 2016 population of 9,868,428 people), or 149 gallons per capita per year (4 barrels). [1 barrel = 42 US Gallons]

Oil Production in Azerbaijan

See also: List of countries by Oil Production

• Azerbaijan produces 843,546 barrels per day of oil (as of 2016) ranking #24 in the world.

• Azerbaijan produces every year an amount equivalent to 4.4% of its total proven reserves (as of 2016).

Oil Exports

• Azerbaijan exports 78% of its oil production (654,629 barrels per day in 2016).

History of Oil Consumption and Production