Argentina Oil
Production (2025)#22 World
983,537b/d+10.3% YoY
Consumption (2024)#29 World
734,573b/d−2.5% YoY
Daily Surplus (2024)
+157,353b/d
Consumption uses 82.4% of production.
Production
Consumption
Surplus
Oil Reserves in Argentina
- Argentina has proven oil reserves of 2,999,366,000 barrels (as reported in 2025) (#28 in the world), representing 0.17% of the world's total.
- As of 2025 production rates, Argentina has roughly 10 years of proven oil reserves left (crude and condensate reserves ÷ their annual production).
Oil Production in Argentina
- Argentina produced 983,537 barrels per day of oil and petroleum liquids in 2025 (#22 in the world), an increase of 10.3% from 891,926 barrels per day in 2024.
- Of that, 794,004 barrels per day was crude oil in 2025.
- And 130,000 barrels per day was natural gas plant liquids (NGPL) in 2025.
Oil Consumption in Argentina
- Argentina consumed 734,573 barrels per day of oil and petroleum products in 2024 (#29 in the world), a decrease of 2.5% from 2023. This represents 0.71% of the world's total oil consumption.
- Per capita, oil consumption in Argentina averaged 0.68 us gallons per day in 2024 (#94 in the world).
- The largest refined-product categories were Other Refined Products (30.1%), Distillate Fuel Oil (29.8%), and Motor Gasoline (26.2%).
(Historical) Oil Imports & Exports in Argentina
EIA has stopped publishing oil trade data. Imports and exports data shown here are historical and may not reflect current trends.
Imports and exports data cover crude oil and lease condensate only, and do not include other petroleum liquids such as natural gas plant liquids (NGPL) or refined products.
oil Balance in Argentina
- In 2024, Argentina produced approximately 891,926 barrels per day of oil and consumed 734,573 barrels per day , a surplus of 157,353 barrels per day.
Argentina Oil History (1973-2025)
| Reserves | Production | Consumption | Crude Oil Trade (Historical) | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 2,999,366,000 | 28 | 0.17% | 983,537 | +10.3% | 22 | 0.93% | — | — | — | — | — | — | — | — |
| 2024 | 2,924,272,000 | 28 | 0.17% | 891,926 | +8.9% | 22 | 0.87% | 734,573 | −2.5% | 29 | 0.71% | 0.68 | — | — | — |
| 2023 | 2,838,120,000 | 29 | 0.16% | 819,019 | +4% | 22 | 0.80% | 753,326 | −0.49% | 27 | 0.74% | 0.69 | — | — | — |
| 2022 | 2,410,761,000 | 33 | 0.14% | 787,227 | +11.1% | 23 | 0.78% | 757,057 | +2.9% | 27 | 0.76% | 0.7 | — | — | — |
| 2021 | 2,482,704,000 | 33 | 0.14% | 708,555 | +7.9% | 25 | 0.74% | 735,766 | +30.3% | 27 | 0.76% | 0.68 | — | — | — |
| 2020 | — | — | — | 656,842 | −9.2% | 25 | 0.70% | 564,768 | −20.7% | 30 | 0.62% | 0.52 | — | — | — |
| 2019 | 2,016,761,000 | 34 | 0.12% | 723,059 | +2.6% | 26 | 0.72% | 711,837 | −1.5% | 27 | 0.71% | 0.66 | — | — | — |
| 2018 | 2,162,207,000 | 34 | 0.13% | 704,859 | +2.7% | 28 | 0.70% | 722,354 | −3.8% | 27 | 0.72% | 0.68 | 11,380 | 59,067 | −47,687 |
| 2017 | 2,184,554,000 | 33 | 0.13% | 686,310 | −2.7% | 28 | 0.70% | 750,749 | −3.4% | 27 | 0.75% | 0.71 | 22,340 | 28,890 | −6,550 |
| 2016 | 2,379,702,000 | 33 | 0.14% | 705,037 | −0.03% | 26 | 0.73% | 776,904 | −2.1% | 27 | 0.80% | 0.74 | 15,757 | 45,366 | −29,609 |
| 2015 | 2,354,204,000 | 34 | 0.14% | 705,263 | −1.1% | 27 | 0.73% | 793,613 | +3.9% | 27 | 0.83% | 0.77 | 16,530 | 42,440 | −25,910 |
| 2014 | 2,820,000,000 | 31 | 0.17% | 713,042 | +1.1% | 25 | 0.76% | 763,690 | −0.02% | 27 | 0.81% | 0.75 | 9,519 | 48,510 | −38,991 |
| 2013 | 2,805,244,000 | 31 | 0.17% | 704,967 | −2.2% | 27 | 0.77% | 763,871 | +0.85% | 26 | 0.83% | 0.75 | 6,150 | 48,650 | −42,500 |
| 2012 | 2,504,680,000 | 31 | 0.16% | 720,722 | −2.9% | 26 | 0.79% | 757,425 | +4.5% | 26 | 0.83% | 0.75 | 4,420 | 70,210 | −65,790 |
| 2011 | 2,504,680,000 | 31 | 0.17% | 742,298 | −5.7% | 25 | 0.84% | 724,958 | −0.94% | 25 | 0.81% | 0.73 | 0 | 60,480 | −60,480 |
| 2010 | 2,520,300,000 | 31 | 0.19% | 786,862 | +0.09% | 26 | 0.90% | 731,811 | +11.2% | 25 | 0.82% | 0.74 | 0 | 55,809 | −55,809 |
| 2009 | 2,616,000,000 | 30 | 0.20% | 786,124 | −2.3% | 25 | 0.92% | 658,007 | −3.9% | 26 | 0.76% | 0.68 | 0 | 91,292 | −91,292 |
| 2008 | 2,586,750,000 | 30 | 0.19% | 804,555 | +0.24% | 24 | 0.93% | 684,770 | +8.8% | 26 | 0.79% | 0.71 | 1,661 | 60,200 | −58,539 |
| 2007 | 2,468,000,000 | 31 | 0.19% | 802,628 | −3.4% | 24 | 0.94% | 629,595 | +5.2% | 27 | 0.72% | 0.66 | 3,215 | 56,999 | −53,784 |
| 2006 | 2,320,450,000 | 31 | 0.18% | 831,180 | +0.1% | 23 | 0.98% | 598,731 | +6.3% | 27 | 0.70% | 0.63 | 1,444 | 87,683 | −86,239 |
| 2005 | 2,674,500,000 | 29 | 0.21% | 830,330 | −6.8% | 23 | 0.98% | 563,215 | +0.46% | 27 | 0.67% | 0.6 | 4,205 | 149,286 | −145,081 |
| 2004 | 2,820,500,000 | 30 | 0.22% | 891,057 | −2.6% | 22 | 1.1% | 560,638 | +11.6% | 27 | 0.67% | 0.61 | 6,246 | 175,815 | −169,569 |
| 2003 | 2,878,680,000 | 30 | 0.24% | 914,902 | −0.64% | 21 | 1.1% | 502,494 | +7.3% | 27 | 0.63% | 0.55 | 4,799 | 224,407 | −219,608 |
| 2002 | 2,973,700,000 | 27 | 0.29% | 920,821 | −2.5% | 20 | 1.2% | 468,405 | −10% | 30 | 0.60% | 0.52 | 10,514 | 266,834 | −256,320 |
| 2001 | 3,071,195,000 | 26 | 0.30% | 944,371 | +6.7% | 20 | 1.2% | 520,590 | −5.2% | 27 | 0.67% | 0.58 | 27,719 | 288,058 | −260,339 |
| 2000 | 2,753,416,000 | 28 | 0.27% | 885,426 | −3.2% | 20 | 1.2% | 549,405 | +13.1% | 26 | 0.71% | 0.62 | 26,432 | 277,953 | −251,521 |
| 1999 | 2,621,178,000 | 28 | 0.25% | 914,807 | −1.1% | 19 | 1.2% | 485,700 | −8.3% | 26 | 0.64% | 0.55 | 18,766 | 269,526 | −250,760 |
| 1998 | 2,600,000,000 | 28 | 0.25% | 925,390 | +1% | 19 | 1.2% | 529,395 | +8.8% | 26 | 0.72% | 0.61 | 23,974 | 331,207 | −307,233 |
| 1997 | 2,400,000,000 | 29 | 0.23% | 915,964 | +6.5% | 18 | 1.2% | 486,594 | +2.6% | 26 | 0.67% | 0.57 | 18,239 | 333,645 | −315,406 |
| 1996 | 2,200,000,000 | 27 | 0.23% | 859,703 | +8.5% | 19 | 1.2% | 474,301 | +8.4% | 26 | 0.66% | 0.56 | 14,650 | 325,589 | −310,939 |
| 1995 | 2,200,000,000 | 27 | 0.23% | 792,550 | +7.2% | 20 | 1.1% | 437,702 | −1.9% | 29 | 0.63% | 0.52 | 13,655 | 279,475 | −265,820 |
| 1994 | 1,600,000,000 | 28 | 0.17% | 739,551 | +12.4% | 20 | 1.1% | 445,973 | −10.2% | 28 | 0.65% | 0.54 | 8,544 | 204,178 | −195,634 |
| 1993 | 1,600,000,000 | 28 | 0.17% | 658,008 | +9.6% | 20 | 0.98% | 496,382 | +14.6% | 25 | 0.74% | 0.61 | 4,673 | 86,884 | −82,211 |
| 1992 | 1,600,000,000 | 28 | 0.17% | 600,276 | +13% | 22 | 0.90% | 433,232 | +4.7% | 26 | 0.65% | 0.54 | 1,432 | 52,922 | −51,490 |
| 1991 | 2,300,000,000 | 24 | 0.23% | 531,197 | +1.6% | 21 | 0.80% | 413,676 | +1.4% | 24 | 0.62% | 0.52 | 4,272 | 24,832 | −20,560 |
| 1990 | 2,300,000,000 | 24 | 0.23% | 522,622 | +4.4% | 23 | 0.79% | 407,898 | −4.5% | 22 | 0.61% | 0.52 | 4,838 | 16,132 | −11,294 |
| 1989 | 2,300,000,000 | 24 | 0.25% | 500,414 | +2.3% | 23 | 0.76% | 426,950 | −8% | 22 | 0.65% | 0.56 | 0 | 11,899 | −11,899 |
| 1988 | 2,300,000,000 | 22 | 0.26% | 488,978 | +4.2% | 23 | 0.76% | 463,940 | −4.2% | 20 | 0.71% | 0.61 | 0 | 7,998 | −7,998 |
| 1987 | 2,300,000,000 | 22 | 0.33% | 469,433 | −0.74% | 23 | 0.76% | 484,389 | +0.75% | 18 | 0.77% | 0.65 | 0 | 1,990 | −1,990 |
| 1986 | 2,300,000,000 | 22 | 0.33% | 472,956 | −4.4% | 23 | 0.77% | 480,791 | +7.5% | 17 | 0.78% | 0.66 | 0 | 1,970 | −1,970 |
| 1985 | 2,300,000,000 | 22 | 0.33% | 494,562 | −3.6% | 21 | 0.84% | 447,092 | −9.5% | 18 | 0.74% | 0.62 | 0 | 8,993 | −8,993 |
| 1984 | 2,400,000,000 | 22 | 0.36% | 513,000 | +1.8% | 20 | 0.86% | 494,263 | −2.6% | 17 | 0.83% | 0.7 | 0 | 0 | 0 |
| 1983 | 2,600,000,000 | 22 | 0.39% | 504,000 | −0.59% | 18 | 0.87% | 507,561 | +1.9% | 17 | 0.86% | 0.73 | 0 | 0 | 0 |
| 1982 | 2,700,000,000 | 20 | 0.40% | 507,000 | −1.2% | 17 | 0.87% | 497,936 | −3% | 17 | 0.83% | 0.72 | 0 | 0 | 0 |
| 1981 | 2,500,000,000 | 21 | 0.38% | 513,000 | +0.98% | 17 | 0.85% | 513,565 | −3.3% | 17 | 0.84% | 0.76 | 0 | 0 | 0 |
| 1980 | 2,400,000,000 | 21 | 0.37% | 508,000 | — | 17 | 0.79% | 531,333 | — | 17 | 0.84% | 0.8 | 0 | 0 | 0 |
See also
Sources
- U.S. Energy Information Administration (EIA), International Energy Statistics.
- Oil & Gas Journal