Oil reserves in Israel

Israel: Oil reserves was 2.02 million cubic meters in 2021. ◆ Volatile

Latest (2021)
2.02 million cubic meters
Change on year
unchanged
World rank
87th
of 216 countries
All-time high
2.22 million cubic meters
in 2015
All-time low
111,291 cubic meters
in 1987
Years of data
42
1980–2021

Oil reserves in Israel, 1980–2021

0500.0k1.0M1.5M2.0M1980200020211980: 159.0k cubic meters1981: 159.0k cubic meters1982: 151.0k cubic meters1983: 142.0k cubic meters1984: 127.2k cubic meters1985: 119.2k cubic meters1986: 112.9k cubic meters1987: 111.3k cubic meters1988: 111.3k cubic meters1989: 257.4k cubic meters1990: 235.8k cubic meters1991: 222.6k cubic meters1992: 204.9k cubic meters1993: 543.4k cubic meters1994: 532.8k cubic meters1995: 523.9k cubic meters1996: 653.0k cubic meters1997: 650.3k cubic meters1998: 640.7k cubic meters1999: 624.8k cubic meters2000: 620.0k cubic meters2001: 615.3k cubic meters2002: 610.5k cubic meters2003: 605.7k cubic meters2004: 601.0k cubic meters2005: 318.0k cubic meters2006: 318.0k cubic meters2007: 311.6k cubic meters2008: 308.4k cubic meters2009: 308.4k cubic meters2010: 308.4k cubic meters2011: 308.4k cubic meters2012: 1.9M cubic meters2013: 1.8M cubic meters2014: 2.2M cubic meters2015: 2.2M cubic meters2016: 2.2M cubic meters2017: 2.0M cubic meters2018: 2.0M cubic meters2019: 2.0M cubic meters2020: 2.0M cubic meters2021: 2.0M cubic meters

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

Analysis

Israel recorded 2.02 million cubic meters for oil reserves in 2021.

That represents a change of up 556.2% over ten years.

Over the whole period, oil reserves in Israel peaked at 2.22 million cubic meters in 2015 and was at its lowest, 111,291 cubic meters, in 1987.

That places Israel 87th out of 216 countries with data for 2021, putting it 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 Israel, year by year

Annual values for Oil reserves in Israel, 1980 to 2021.
Year cubic meters Change
1980 158,987 cubic meters
1981 158,987 cubic meters +0.0%
1982 151,038 cubic meters -5.0%
1983 141,976 cubic meters -6.0%
1984 127,190 cubic meters -10.4%
1985 119,240 cubic meters -6.3%
1986 112,881 cubic meters -5.3%
1987 111,291 cubic meters -1.4%
1988 111,291 cubic meters +0.0%
1989 257,400 cubic meters +131.3%
1990 235,778 cubic meters -8.4%
1991 222,582 cubic meters -5.6%
1992 204,935 cubic meters -7.9%
1993 543,419 cubic meters +165.2%
1994 532,766 cubic meters -2.0%
1995 523,863 cubic meters -1.7%
1996 652,961 cubic meters +24.6%
1997 650,258 cubic meters -0.4%
1998 640,719 cubic meters -1.5%
1999 624,820 cubic meters -2.5%
2000 620,050 cubic meters -0.8%
2001 615,281 cubic meters -0.8%
2002 610,511 cubic meters -0.8%
2003 605,742 cubic meters -0.8%
2004 600,972 cubic meters -0.8%
2005 317,975 cubic meters -47.1%
2006 317,975 cubic meters +0.0%
2007 311,615 cubic meters -2.0%
2008 308,435 cubic meters -1.0%
2009 308,435 cubic meters +0.0%
2010 308,435 cubic meters +0.0%
2011 308,435 cubic meters +0.0%
2012 1.88 million cubic meters +508.2%
2013 1.83 million cubic meters -2.5%
2014 2.21 million cubic meters +20.7%
2015 2.22 million cubic meters +0.5%
2016 2.22 million cubic meters +0.0%
2017 2.02 million cubic meters -8.8%
2018 2.02 million cubic meters +0.0%
2019 2.02 million cubic meters +0.0%
2020 2.02 million cubic meters +0.0%
2021 2.02 million cubic meters +0.0%

Israel compared with similar countries

  • Israel's 2.02 million cubic meters is below the median for Middle East, North Africa, Afghanistan & Pakistan, which is 397.47 million cubic meters, 1% of the median. (23 countries reporting)

Biggest year-on-year movements

Years where Oil reserves in Israel 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.

YearChange FromTo
2012 +508.2% 308,435 cubic meters 1.88 million cubic meters
1993 +165.2% 204,935 cubic meters 543,419 cubic meters
1989 +131.3% 111,291 cubic meters 257,400 cubic meters
2005 -47.1% 600,972 cubic meters 317,975 cubic meters

Averages by decade

DecadeAverage LowestHighest Years
1980s 145,028 cubic meters 111,291 cubic meters 257,400 cubic meters 10
1990s 483,210 cubic meters 204,935 cubic meters 652,961 cubic meters 10
2000s 461,699 cubic meters 308,435 cubic meters 620,050 cubic meters 10
2010s 1.70 million cubic meters 308,435 cubic meters 2.22 million cubic meters 10
2020s 2.02 million cubic meters 2.02 million cubic meters 2.02 million cubic meters 2

Countries ranked near Israel

  1. 84 Bulgaria 2.38 million cubic meters compare
  2. 84 Czechia 2.38 million cubic meters compare
  3. 84 South Africa 2.38 million cubic meters compare
  4. 88 Hungary 1.92 million cubic meters compare
  5. 89 Lithuania 1.91 million cubic meters compare
  6. 89 Tajikistan 1.91 million cubic meters compare

See the full ranking of 216 places →

More energy & mining data for Israel

All data for Israel →

Frequently asked questions

What is oil reserves in Israel?
Oil reserves in Israel was 2.02 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 Israel?
The highest recorded value was 2.22 million cubic meters in 2015.
What is the lowest oil reserves recorded in Israel?
The lowest recorded value was 111,291 cubic meters in 1987.
How does Israel rank for oil reserves?
Israel ranks 87th out of 216 countries with data for 2021.
Is oil reserves rising or falling in Israel?
Over the last ten years it is up 556.2%. The long-run trend across the full record is volatile.
Where does this Israel 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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Oil reserves in Israel. Statizoid, drawing on U.S. Energy Information Administration (2022) – with major processing by Our World in Data. Retrieved 23 September 2026, from https://energy.statizoid.com/stat/oil-proved-reserves/israel/

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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.