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- Saudi Arabia Oil
Summary Table
| Barrels | Global Rank | |
Oil Reserves | 266,578,000,000 | 2nd in the world |
| Barrels per Day | Global Rank | |
Oil Production | 12,402,761 | 2nd in the world |
Oil Consumption | 3,302,000 | 6th in the world |
Daily Surplus | + 9,100,761 | |
Oil Imports | 1 | |
Oil Exports | 7,333,557 | |
Net Exports | 7,333,556 |
(Data shown is for 2016, the latest year with complete data in all categoreies)
Oil Reserves in Saudi Arabia
See also: List of countries by Oil Reserves
Saudi Arabia holds 266,578,000,000 barrels of proven oil reserves as of 2016, ranking 2nd in the world and accounting for about16.2% of the world's total oil reserves of 1,650,585,140,000 barrels.
Saudi Arabia has proven reserves equivalent to 221.2 times its annual consumption. This means that, without Net Exports, there would be about 221 years of oil left (at current consumption levels and excluding unproven reserves).
Oil Reserves
266,578,000,000 barrels
Global Rank: 2nd | Share of World: 16.15 %
221 years of oil left
(at current consumption levels)
History of Oil Reserves in Saudi Arabia
Oil Consumption in Saudi Arabia
See also: List of countries by Oil Consumption
- Saudi Arabia consumes 3,302,000 barrels per day (B/d) of oil as of the year 2016.
- Saudi Arabia ranks 6th in the world for oil consumption, accounting for about 3.4% of the world's total consumption of 97,103,871 barrels per day.
- Saudi Arabia consumes 4.15 gallons of oil per capita every day (based on the 2016 population of 33,416,270 people), or 1,515 gallons per capita per year (36 barrels). [1 barrel = 42 US Gallons]
Oil Production in Saudi Arabia
See also: List of countries by Oil Production
- Saudi Arabia produces12,402,761 barrels per day of oil (as of 2016) ranking 2nd in the world.
- Saudi Arabia produces every year an amount equivalent to 1.7% of its total proven reserves (as of 2016).
Oil Exports
- Saudi Arabia exports 59% of its oil production (7,333,556 barrels per day in 2016).
History of Oil Consumption and Production
See also
Sources
- Statistical Review of World Energy - British Petroleum
- U.S. Energy Information Administration (EIA)
