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).
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