Myanmar Oil

Oil Reserves in Myanmar

See also: List of countries by Oil Reserves

Myanmar holds 50,000,000 barrels of proven oil reserves in the world as of 2016, ranking #76 in the world and accounting for about 0.0030% of the world’s total oil reserves of 1,650,585,140,000.

Myanmar has proven reserves equivalent to 1.1 times its annual consumption levels. This means that, without Net Exports, there would be about 1 years of oil left (at current consumption levels and excluding unproven reserves).

History of Oil Reserves in Myanmar

Oil Consumption in Myanmar

See also: List of countries by Oil Consumption

• Myanmar consumes 123,000 barrels per day (B/d) of oil as of the year 2016.

• Myanmar ranks #74 in the world for oil consumption, accounting for about 0.13% of the world’s total consumption of 97,103,871 barrels per day.

• Myanmar consumes 0.1 gallons of oil per capita every day (based on the 2016 population of 51,495,696 people), or 37 gallons per capita per year (1 barrels). [1 barrel = 42 US Gallons]

Oil Production in Myanmar

See also: List of countries by Oil Production

• Myanmar produces 15,634 barrels per day of oil (as of 2016) ranking #85 in the world.

• Myanmar produces every year an amount equivalent to 11.41% of its total proven reserves (as of 2016).

Oil Exports

• Myanmar exports 17% of its oil production (2,702 barrels per day in 2016).

History of Oil Consumption and Production