Belize Oil

Oil Reserves in Belize

See also: List of countries by Oil Reserves

Belize holds 6,700,000 barrels of proven oil reserves in the world as of 2016, ranking #93 in the world and accounting for about 0.00041% of the world's total oil reserves of 1,650,585,140,000.

Belize has proven reserves equivalent to 4.6 times its annual consumption levels. This means that, without net exports, there would be about 5 years of oil left (at current consumption levels and excluding unproven reserves).

History of Oil Reserves in Belize

Oil Consumption in Belize

See also: List of countries by Oil Consumption

• Belize consumes 4,001 barrels per day (B/d) of oil as of the year 2016.
• Belize ranks #182 in the world for oil consumption, accounting for about 0.0041% of the world's total consumption of 97,103,871 barrels per day.
• Belize consumes 0.46 gallons of oil per capita every day (based on the 2016 population of 364,705 people), or 168 gallons per capita per year (4 barrels). [1 barrel = 42 US Gallons]

Oil Production in Belize

See also: List of countries by Oil Production

• Belize produces 2,000 barrels per day of oil (as of 2016) ranking #101 in the world.
• Belize produces every year an amount equivalent to 10.9% of its total proven reserves (as of 2016).

Oil Exports

• Belize exports 101% of its oil production (2,030 barrels per day in 2016).

History of Oil Consumption and Production