South Korea Oil

Oil Consumption in South Korea

See also: List of countries by Oil Consumption

• South Korea consumes 2,605,440 barrels per day (B/d) of oil as of the year 2016.

• South Korea ranks #8 in the world for oil consumption, accounting for about 2.68% of the world’s total consumption of 97,103,871 barrels per day.

• South Korea consumes 2.13 gallons of oil per capita every day (based on the 2016 population of 51,297,839 people), or 779 gallons per capita per year (19 barrels). [1 barrel = 42 US Gallons]

Oil Production in South Korea

See also: List of countries by Oil Production

• South Korea produces 108,419 barrels per day of oil (as of 2016) ranking #47 in the world.

• South Korea produces every year an amount equivalent to of its total proven reserves (as of 2016).

Oil Imports

• South Korea imports 113% of its oil consumption (2,946,047 barrels per day in 2016).

History of Oil Consumption and Production