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Comparison of proven oil reserves from some widely used sources (billions of barrels, 2021) ... New Zealand * 40: 11,000: 10 ... World 1,720,000
The oil and gas industry in New Zealand explores and develops oil and gas fields, and produces and distributes petroleum products and natural gas. In 2022, New Zealand's net self-sufficiency in oil (production divided by consumption) was 12%, i.e. the country imported much more crude and refined oil than it exported. [1]
A map of world oil production ... By default countries are ranked by their total proven oil reserves. ... New Zealand: 81,400,000: 1 January 2013 est. 35,300:
In 2007, Japan announced a plan to share its strategic reserves with other countries in the region. Negotiations are under way between Japan and New Zealand for an oil-sharing deal whereby Japan sells part of its strategic reserves to New Zealand in the event of an emergency. New Zealand would be required to pay the market price for the oil ...
Top 5 oil-producing countries 1980–2022 World oil production. This is a list of countries by oil production (i.e., petroleum production), as compiled from the U.S. Energy Information Administration database for calendar year 2023, tabulating all countries on a comparable best-estimate basis.
The primary purpose of the reserve, the world’s largest supply of emergency oil, is to reduce the impact of supply chain disruptions and to fulfill America’s international energy obligations ...
In 2021, New Zealand's Total Energy Supply (TES) amounted to 829.3 petajoules (PJ), marking an 11% increase compared to 2011. The energy supply composition highlighted a diverse range of sources, with renewables being the largest contributor at approximately 42%, followed by oil at 34%, natural gas at 17%, and coal contributing about 7%.
Daily oil consumption by region from 1980 to 2006. This is a list of countries by oil consumption. [1] [2] In 2022, the International Energy Agency (IEA) announced that the total worldwide oil consumption would rise by 2% [3] year over year compared to 2021 despite the COVID-19 pandemic. [citation needed]