South Africa holds 15,000,000 barrels of proven oil reserves as of 2016, ranking 84th in the world and accounting for about 0.0% of the world’s total oil reserves of 1,650,585,140,000 barrels.
Total Oil Reserves in South Africa are less than even a single year of oil consumption (233,600,000 barrels as of 2016), making South Africa highly dependent on oil imports in order to sustain its consumption levels.
South Africa consumes 640,000 barrels per day (B/d) of oil as of the year 2016.
South Africa ranks 29th in the world for oil consumption, accounting for about 0.7% of the world’s total consumption of 97,103,871 barrels per day.
South Africa produces 136,517.00 barrels per day of oil (as of 2016) ranking 42nd in the world.
South Africa imports 64% of its oil consumption (407,513 barrels per day in 2016)
