Oil reserves in Italy
Italy: Oil reserves was 79.17 million cubic meters in 2021. ▼ Falling
Oil reserves in Italy, 1980–2021
Source: U.S. Energy Information Administration (2022) – with major processing by Our World in Data. Measured in cubic meters.
Analysis
Italy recorded 79.17 million cubic meters for oil reserves in 2021.
The figure is down 3.9% on the previous year and up 4.5% over ten years.
Over the whole period, oil reserves in Italy peaked at 127.19 million cubic meters in 1984 and was at its lowest, 64.63 million cubic meters, in 2008.
Italy ranks 48th of 216 countries on this measure, in the top quarter.
The long-run direction has been consistently falling across the 42 years of available data.
Oil reserves in Italy, year by year
| Year | cubic meters | Change |
|---|---|---|
| 1980 | 102.55 million cubic meters | — |
| 1981 | 101.75 million cubic meters | -0.8% |
| 1982 | 99.37 million cubic meters | -2.3% |
| 1983 | 111.77 million cubic meters | +12.5% |
| 1984 | 127.19 million cubic meters | +13.8% |
| 1985 | 127.19 million cubic meters | +0.0% |
| 1986 | 117.65 million cubic meters | -7.5% |
| 1987 | 114.75 million cubic meters | -2.5% |
| 1988 | 117.49 million cubic meters | +2.4% |
| 1989 | 117.49 million cubic meters | +0.0% |
| 1990 | 115.60 million cubic meters | -1.6% |
| 1991 | 110.26 million cubic meters | -4.6% |
| 1992 | 110.04 million cubic meters | -0.2% |
| 1993 | 118.76 million cubic meters | +7.9% |
| 1994 | 98.65 million cubic meters | -16.9% |
| 1995 | 98.65 million cubic meters | +0.0% |
| 1996 | 98.65 million cubic meters | +0.0% |
| 1997 | 108.84 million cubic meters | +10.3% |
| 1998 | 115.94 million cubic meters | +6.5% |
| 1999 | 98.85 million cubic meters | -14.7% |
| 2000 | 98.85 million cubic meters | +0.0% |
| 2001 | 98.85 million cubic meters | +0.0% |
| 2002 | 98.85 million cubic meters | +0.0% |
| 2003 | 98.84 million cubic meters | -0.0% |
| 2004 | 98.84 million cubic meters | +0.0% |
| 2005 | 98.84 million cubic meters | +0.0% |
| 2006 | 98.84 million cubic meters | +0.0% |
| 2007 | 95.39 million cubic meters | -3.5% |
| 2008 | 64.63 million cubic meters | -32.3% |
| 2009 | 64.63 million cubic meters | +0.0% |
| 2010 | 67.36 million cubic meters | +4.2% |
| 2011 | 75.75 million cubic meters | +12.5% |
| 2012 | 83.17 million cubic meters | +9.8% |
| 2013 | 82.88 million cubic meters | -0.4% |
| 2014 | 89.11 million cubic meters | +7.5% |
| 2015 | 86.57 million cubic meters | -2.9% |
| 2016 | 92.09 million cubic meters | +6.4% |
| 2017 | 88.51 million cubic meters | -3.9% |
| 2018 | 77.55 million cubic meters | -12.4% |
| 2019 | 84.96 million cubic meters | +9.6% |
| 2020 | 82.34 million cubic meters | -3.1% |
| 2021 | 79.17 million cubic meters | -3.9% |
Italy compared with similar countries
- Italy's 79.17 million cubic meters is above the median for Europe & Central Asia, which is 2.38 million cubic meters, 33.2× the median. (51 countries reporting)
Biggest year-on-year movements
Years where Oil reserves in Italy 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 |
|---|---|---|---|
| 2008 | -32.3% | 95.39 million cubic meters | 64.63 million cubic meters |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 113.72 million cubic meters | 99.37 million cubic meters | 127.19 million cubic meters | 10 |
| 1990s | 107.43 million cubic meters | 98.65 million cubic meters | 118.76 million cubic meters | 10 |
| 2000s | 91.66 million cubic meters | 64.63 million cubic meters | 98.85 million cubic meters | 10 |
| 2010s | 82.80 million cubic meters | 67.36 million cubic meters | 92.09 million cubic meters | 10 |
| 2020s | 80.75 million cubic meters | 79.17 million cubic meters | 82.34 million cubic meters | 2 |
Countries ranked near Italy
More energy & mining data for Italy
- Fossil fuel consumption by fuel, per unit of GDP 0 terawatt-hours per US$ of GDP (2025)
- Primary energy use, annual growth rate -0.7233 % 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 12.7% (2024)
Frequently asked questions
- What is oil reserves in Italy?
- Oil reserves in Italy was 79.17 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 Italy?
- The highest recorded value was 127.19 million cubic meters in 1984.
- What is the lowest oil reserves recorded in Italy?
- The lowest recorded value was 64.63 million cubic meters in 2008.
- How does Italy rank for oil reserves?
- Italy ranks 48th out of 216 countries with data for 2021.
- Is oil reserves rising or falling in Italy?
- Over the last ten years it is up 4.5%. The long-run trend across the full record is falling.
- Where does this Italy 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.