Total Oil Supply fell 49.5% to 0.407 '000 bpd in Georgia in 2016

Total Oil Supply ('000 bpd)
Oil & Gas | Georgia | December 25, 2018
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Total oil supply reached 0.407 '000 bpd in 2016 in Georgia, according to EIA. This is 49.5 % less than in the previous year.

Historically, total oil supply in Georgia reached an all time high of 2.89 '000 bpd in 1992 and an all time low of 0.407 '000 bpd in 2016. When compared to Georgia's main peers, total oil supply in Azerbaijan amounted to 844 '000 bpd, 11,240 '000 bpd in Russia and 63.0 '000 bpd in Turkey in 2016.

Georgia has been ranked 108th within the group of 131 countries we follow in terms of total oil supply, 2 places behind the position seen 10 years ago.

Total oil supply refers to market availability of multiple types of petroleum and non-petroleum fuels (such as natural gas and bio-ethanol), as well as refinery gains and extraction from man-made reserves of different petroleum products (such as the US strategic reserves).

Total Oil Supply Unit 2008 2009 2010 2011 2012 2013 2014 2015 2016
Armenia '000 bpd ... ... ... ... ... ... ... ... ...
Azerbaijan '000 bpd 1,045 993 932 881 856
Bulgaria '000 bpd 3.58 3.38 3.38 3.38 3.38
China '000 bpd 4,373 4,370 4,421 4,501 4,526
Georgia '000 bpd 1.00 1.00 1.00 1.00 1.00
Germany '000 bpd 140 158 161 163 159
Greece '000 bpd 8.48 7.58 8.96 8.83 8.74
Iran '000 bpd 4,243 4,214 3,518 3,192 3,380
Iraq '000 bpd 2,403 2,629 2,987 3,058 3,371
Japan '000 bpd 143 137 128 138 137
Russia '000 bpd 10,294 10,410 10,595 10,764 10,853
Turkey '000 bpd 57.7 57.3 58.6 60.0 61.4
USA '000 bpd 9,696 10,128 11,119 12,343 13,973