Oil reserves in Greece
Greece: Oil reserves was 1.59 million cubic meters in 2021. ◆ Volatile
Latest (2021)
1.59 million cubic meters
Change on year
unchanged
World rank
91st
of 216 countries
All-time high
23.85 million cubic meters
in 1980
All-time low
794,936 cubic meters
in 2007
Years of data
42
1980–2021
Oil reserves in Greece, 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 Greece is 1.59 million cubic meters, measured in 2021.
The figure is unchanged over ten years.
Over the whole period, oil reserves in Greece peaked at 23.85 million cubic meters in 1980 and was at its lowest, 794,936 cubic meters, in 2007.
Greece ranks 91st of 216 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Oil reserves in Greece, year by year
| Year | cubic meters | Change |
|---|---|---|
| 1980 | 23.85 million cubic meters | — |
| 1981 | 23.85 million cubic meters | +0.0% |
| 1982 | 11.61 million cubic meters | -51.3% |
| 1983 | 9.50 million cubic meters | -18.1% |
| 1984 | 8.11 million cubic meters | -14.7% |
| 1985 | 8.11 million cubic meters | +0.0% |
| 1986 | 5.50 million cubic meters | -32.2% |
| 1987 | 4.13 million cubic meters | -24.9% |
| 1988 | 3.43 million cubic meters | -16.9% |
| 1989 | 3.18 million cubic meters | -7.4% |
| 1990 | 11.53 million cubic meters | +262.5% |
| 1991 | 4.77 million cubic meters | -58.6% |
| 1992 | 6.52 million cubic meters | +36.7% |
| 1993 | 6.52 million cubic meters | +0.0% |
| 1994 | 6.52 million cubic meters | +0.0% |
| 1995 | 6.52 million cubic meters | +0.0% |
| 1996 | 2.23 million cubic meters | -65.9% |
| 1997 | 1.91 million cubic meters | -14.3% |
| 1998 | 1.59 million cubic meters | -16.7% |
| 1999 | 1.59 million cubic meters | +0.0% |
| 2000 | 1.59 million cubic meters | +0.0% |
| 2001 | 1.59 million cubic meters | +0.0% |
| 2002 | 1.43 million cubic meters | -10.0% |
| 2003 | 1.43 million cubic meters | +0.0% |
| 2004 | 953,924 cubic meters | -33.3% |
| 2005 | 1.11 million cubic meters | +16.7% |
| 2006 | 1.11 million cubic meters | +0.0% |
| 2007 | 794,936 cubic meters | -28.6% |
| 2008 | 1.59 million cubic meters | +100.0% |
| 2009 | 1.59 million cubic meters | +0.0% |
| 2010 | 1.59 million cubic meters | +0.0% |
| 2011 | 1.59 million cubic meters | +0.0% |
| 2012 | 1.59 million cubic meters | +0.0% |
| 2013 | 1.59 million cubic meters | +0.0% |
| 2014 | 1.59 million cubic meters | +0.0% |
| 2015 | 1.59 million cubic meters | +0.0% |
| 2016 | 1.59 million cubic meters | +0.0% |
| 2017 | 1.59 million cubic meters | +0.0% |
| 2018 | 1.59 million cubic meters | +0.0% |
| 2019 | 1.59 million cubic meters | +0.0% |
| 2020 | 1.59 million cubic meters | +0.0% |
| 2021 | 1.59 million cubic meters | +0.0% |
Greece compared with similar countries
- Greece's 1.59 million cubic meters is below the median for Europe & Central Asia, which is 2.38 million cubic meters, 67% of the median. (51 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 10.13 million cubic meters | 3.18 million cubic meters | 23.85 million cubic meters | 10 |
| 1990s | 4.97 million cubic meters | 1.59 million cubic meters | 11.53 million cubic meters | 10 |
| 2000s | 1.32 million cubic meters | 794,936 cubic meters | 1.59 million cubic meters | 10 |
| 2010s | 1.59 million cubic meters | 1.59 million cubic meters | 1.59 million cubic meters | 10 |
| 2020s | 1.59 million cubic meters | 1.59 million cubic meters | 1.59 million cubic meters | 2 |
Countries ranked near Greece
More energy & mining data for Greece
- Fossil fuel consumption by fuel, per unit of GDP 0 terawatt-hours per US$ of GDP (2025)
- Primary energy use, annual growth rate 0.5361 % 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 (2025)
- Coal production, per unit of GDP 0 terawatt-hours per US$ of GDP (2025)
- Fossil fuel consumption by fuel, per capita 0 terawatt-hours per person (2025)
- Fuel imports 26.2% (2024)
Frequently asked questions
- What is oil reserves in Greece?
- Oil reserves in Greece was 1.59 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 Greece?
- The highest recorded value was 23.85 million cubic meters in 1980.
- What is the lowest oil reserves recorded in Greece?
- The lowest recorded value was 794,936 cubic meters in 2007.
- How does Greece rank for oil reserves?
- Greece ranks 91st out of 216 countries with data for 2021.
- Is oil reserves rising or falling in Greece?
- Over the last ten years it is unchanged. The long-run trend across the full record is volatile.
- Where does this Greece 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.