Oil reserves in Azerbaijan

Azerbaijan: Oil reserves was 1.11 billion cubic meters in 2021. ▲ Rising

Latest (2021)
1.11 billion cubic meters
Change on year
unchanged
World rank
20th
of 215 countries
All-time high
1.11 billion cubic meters
in 2003
All-time low
187.29 million cubic meters
in 1997
Years of data
25
1997–2021

Oil reserves in Azerbaijan, 1997–2021

200.0M400.0M600.0M800.0M1.0B1.2B1997200920211997: 187.3M cubic meters1998: 187.3M cubic meters1999: 187.3M cubic meters2000: 187.3M cubic meters2001: 187.3M cubic meters2002: 187.3M cubic meters2003: 1.1B cubic meters2004: 1.1B cubic meters2005: 1.1B cubic meters2006: 1.1B cubic meters2007: 1.1B cubic meters2008: 1.1B cubic meters2009: 1.1B cubic meters2010: 1.1B cubic meters2011: 1.1B cubic meters2012: 1.1B cubic meters2013: 1.1B cubic meters2014: 1.1B cubic meters2015: 1.1B cubic meters2016: 1.1B cubic meters2017: 1.1B cubic meters2018: 1.1B cubic meters2019: 1.1B cubic meters2020: 1.1B cubic meters2021: 1.1B cubic meters

Source: U.S. Energy Information Administration (2022) – with major processing by Our World in Data. Measured in cubic meters.

Analysis

Azerbaijan recorded 1.11 billion cubic meters for oil reserves in 2021. That is the highest value across all 25 years on record.

Compared with earlier readings it is unchanged over ten years.

Over the whole period, oil reserves in Azerbaijan peaked at 1.11 billion cubic meters in 2003 and was at its lowest, 187.29 million cubic meters, in 1997.

Azerbaijan ranks 20th of 215 countries on this measure, in the top 10%.

The long-run direction has been consistently rising across the 25 years of available data.

Averages by decade

DecadeAverage LowestHighest Years
1990s 187.29 million cubic meters 187.29 million cubic meters 187.29 million cubic meters 3
2000s 835.22 million cubic meters 187.29 million cubic meters 1.11 billion cubic meters 10
2010s 1.11 billion cubic meters 1.11 billion cubic meters 1.11 billion cubic meters 10
2020s 1.11 billion cubic meters 1.11 billion cubic meters 1.11 billion cubic meters 2

Countries ranked near Azerbaijan

  1. 17 Ecuador 1.32 billion cubic meters compare
  2. 18 Norway 1.29 billion cubic meters compare
  3. 19 Angola 1.24 billion cubic meters compare
  4. 21 Mexico 919.92 million cubic meters compare
  5. 22 Oman 854.24 million cubic meters compare
  6. 23 Sudan 794.94 million cubic meters compare

See the full ranking of 216 places →

More energy & mining data for Azerbaijan

All data for Azerbaijan →

Frequently asked questions

What is oil reserves in Azerbaijan?
Oil reserves in Azerbaijan was 1.11 billion 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 Azerbaijan?
The highest recorded value was 1.11 billion cubic meters in 2003.
What is the lowest oil reserves recorded in Azerbaijan?
The lowest recorded value was 187.29 million cubic meters in 1997.
How does Azerbaijan rank for oil reserves?
Azerbaijan ranks 20th out of 215 countries with data for 2021.
Is oil reserves rising or falling in Azerbaijan?
Over the last ten years it is unchanged. The long-run trend across the full record is rising.
Where does this Azerbaijan 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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CSV · JSON — 25 observations, free to reuse under CC BY 4.0 (Our World in Data).

About this data

Indicator
Oil reserves
Unit
cubic meters
Source
U.S. Energy Information Administration (2022) – with major processing by Our World in Data
Licence
CC BY 4.0 (Our World in Data)
Coverage
216 places, 8,283 data points, 1980–2021
Last refreshed

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.