Taiwan Oil

Oil Reserves in Taiwan

See also: List of countries by Oil Reserves

Taiwan holds 2,380,000 barrels of proven oil reserves in the world as of 2016, ranking #94 in the world and accounting for about 0.00014% of the world’s total oil reserves of 1,650,585,140,000.

Taiwan has proven reserves equivalent to 0 times its annual consumption levels. This means that, without Net Exports, there would be about 0 years of oil left (at current consumption levels and excluding unproven reserves).

History of Oil Reserves in Taiwan

Oil Consumption in Taiwan

See also: List of countries by Oil Consumption

• Taiwan consumes 981,203 barrels per day (B/d) of oil as of the year 2016.

• Taiwan ranks #21 in the world for oil consumption, accounting for about 1.01% of the world’s total consumption of 97,103,871 barrels per day.

• Taiwan consumes 1.75 gallons of oil per capita every day (based on the 2016 population of 23,586,143 people), or 638 gallons per capita per year (15 barrels). [1 barrel = 42 US Gallons]

Oil Production in Taiwan

See also: List of countries by Oil Production

• Taiwan produces 29,504 barrels per day of oil (as of 2016) ranking #73 in the world.

• Taiwan produces every year an amount equivalent to 452.48% of its total proven reserves (as of 2016).

Oil Imports

• Taiwan imports 83% of its oil consumption (811,120 barrels per day in 2016).

History of Oil Consumption and Production