Oil reserves in Argentina
Argentina: Oil reserves was 394.72 million cubic meters in 2021. ▲ Rising
Oil reserves in Argentina, 1980–2021
Source: U.S. Energy Information Administration (2022) – with major processing by Our World in Data. Measured in cubic meters.
Analysis
The most recent figure for oil reserves in Argentina is 394.72 million cubic meters, measured in 2021.
Compared with earlier readings it is up 3.9% on the previous year and down 0.9% over ten years.
Over the whole period, oil reserves in Argentina peaked at 488.28 million cubic meters in 2001 and was at its lowest, 249.61 million cubic meters, in 1992.
Argentina ranks 34th of 216 countries on this measure, in the top quarter.
The long-run direction has been consistently rising across the 42 years of available data.
Oil reserves in Argentina, year by year
| Year | cubic meters | Change |
|---|---|---|
| 1980 | 381.57 million cubic meters | — |
| 1981 | 390.63 million cubic meters | +2.4% |
| 1982 | 421.32 million cubic meters | +7.9% |
| 1983 | 411.78 million cubic meters | -2.3% |
| 1984 | 386.13 million cubic meters | -6.2% |
| 1985 | 360.26 million cubic meters | -6.7% |
| 1986 | 365.67 million cubic meters | +1.5% |
| 1987 | 360.90 million cubic meters | -1.3% |
| 1988 | 360.90 million cubic meters | +0.0% |
| 1989 | 360.58 million cubic meters | -0.1% |
| 1990 | 362.48 million cubic meters | +0.5% |
| 1991 | 362.49 million cubic meters | +0.0% |
| 1992 | 249.61 million cubic meters | -31.1% |
| 1993 | 249.61 million cubic meters | +0.0% |
| 1994 | 249.61 million cubic meters | +0.0% |
| 1995 | 352.44 million cubic meters | +41.2% |
| 1996 | 353.89 million cubic meters | +0.4% |
| 1997 | 379.40 million cubic meters | +7.2% |
| 1998 | 411.49 million cubic meters | +8.5% |
| 1999 | 416.73 million cubic meters | +1.3% |
| 2000 | 437.76 million cubic meters | +5.0% |
| 2001 | 488.28 million cubic meters | +11.5% |
| 2002 | 472.78 million cubic meters | -3.2% |
| 2003 | 457.67 million cubic meters | -3.2% |
| 2004 | 448.42 million cubic meters | -2.0% |
| 2005 | 425.21 million cubic meters | -5.2% |
| 2006 | 368.92 million cubic meters | -13.2% |
| 2007 | 392.38 million cubic meters | +6.4% |
| 2008 | 411.26 million cubic meters | +4.8% |
| 2009 | 415.91 million cubic meters | +1.1% |
| 2010 | 400.70 million cubic meters | -3.7% |
| 2011 | 398.21 million cubic meters | -0.6% |
| 2012 | 398.21 million cubic meters | +0.0% |
| 2013 | 446.00 million cubic meters | +12.0% |
| 2014 | 448.34 million cubic meters | +0.5% |
| 2015 | 374.29 million cubic meters | -16.5% |
| 2016 | 378.34 million cubic meters | +1.1% |
| 2017 | 347.32 million cubic meters | -8.2% |
| 2018 | 343.76 million cubic meters | -1.0% |
| 2019 | 320.64 million cubic meters | -6.7% |
| 2020 | 379.80 million cubic meters | +18.4% |
| 2021 | 394.72 million cubic meters | +3.9% |
Argentina compared with similar countries
- Argentina's 394.72 million cubic meters is above the median for upper middle income countries, which is 13.69 million cubic meters, 28.8× the median. (55 countries reporting)
Biggest year-on-year movements
Years where Oil reserves in Argentina changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1995 | +41.2% | 249.61 million cubic meters | 352.44 million cubic meters |
| 1992 | -31.1% | 362.49 million cubic meters | 249.61 million cubic meters |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 379.97 million cubic meters | 360.26 million cubic meters | 421.32 million cubic meters | 10 |
| 1990s | 338.77 million cubic meters | 249.61 million cubic meters | 416.73 million cubic meters | 10 |
| 2000s | 431.86 million cubic meters | 368.92 million cubic meters | 488.28 million cubic meters | 10 |
| 2010s | 385.58 million cubic meters | 320.64 million cubic meters | 448.34 million cubic meters | 10 |
| 2020s | 387.26 million cubic meters | 379.80 million cubic meters | 394.72 million cubic meters | 2 |
Countries ranked near Argentina
More energy & mining data for Argentina
- Fossil fuel consumption by fuel, per unit of GDP 0 terawatt-hours per US$ of GDP (2025)
- Primary energy use, annual growth rate -1.19 % change on previous year (2025)
- Coal consumption, per capita 0 terawatt-hours per person (2025)
- Coal consumption, per unit of GDP 0 terawatt-hours per US$ of GDP (2025)
- Primary energy use, per unit of GDP 0 terawatt-hours per US$ of GDP (2025)
- Primary energy use, per capita 0 terawatt-hours per person (2025)
- Coal production, per capita 0 terawatt-hours per person (2024)
- Coal production, per unit of GDP 0 terawatt-hours per US$ of GDP (2024)
- Fossil fuel consumption by fuel, per capita 0 terawatt-hours per person (2025)
- Fuel imports 6.2% (2024)
Frequently asked questions
- What is oil reserves in Argentina?
- Oil reserves in Argentina was 394.72 million cubic meters in 2021, according to U.S. Energy Information Administration (2022) – with major processing by Our World in Data.
- What is the highest oil reserves recorded in Argentina?
- The highest recorded value was 488.28 million cubic meters in 2001.
- What is the lowest oil reserves recorded in Argentina?
- The lowest recorded value was 249.61 million cubic meters in 1992.
- How does Argentina rank for oil reserves?
- Argentina ranks 34th out of 216 countries with data for 2021.
- Is oil reserves rising or falling in Argentina?
- Over the last ten years it is down 0.9%. The long-run trend across the full record is rising.
- Where does this Argentina data come from?
- The figures come from U.S. Energy Information Administration (2022) – with major processing by Our World in Data, published as part of Oil reserves. Statizoid updates them automatically from the source API.
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About this data
Proved reserves, measured in cubic meters, are generally those quantities that can be recovered in the future from known reservoirs under existing economic and operating conditions, according to geological and engineering information. Includes crude oil and lease condensate.