Oil reserves in Spain
Spain: Oil reserves was 23.85 million cubic meters in 2021. ◆ Volatile
Latest (2021)
23.85 million cubic meters
Change on year
unchanged
World rank
61st
of 216 countries
All-time high
55.65 million cubic meters
in 1981
All-time low
2.23 million cubic meters
in 1999
Years of data
42
1980–2021
Oil reserves in Spain, 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 Spain is 23.85 million cubic meters, measured in 2021.
Compared with earlier readings it is unchanged over ten years.
Over the whole period, oil reserves in Spain peaked at 55.65 million cubic meters in 1981 and was at its lowest, 2.23 million cubic meters, in 1999.
That places Spain 61st 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 Spain, year by year
| Year | cubic meters | Change |
|---|---|---|
| 1980 | 23.85 million cubic meters | — |
| 1981 | 55.65 million cubic meters | +133.3% |
| 1982 | 19.35 million cubic meters | -65.2% |
| 1983 | 20.89 million cubic meters | +8.0% |
| 1984 | 25.44 million cubic meters | +21.8% |
| 1985 | 18.28 million cubic meters | -28.1% |
| 1986 | 14.31 million cubic meters | -21.7% |
| 1987 | 4.48 million cubic meters | -68.7% |
| 1988 | 6.14 million cubic meters | +36.9% |
| 1989 | 4.13 million cubic meters | -32.8% |
| 1990 | 3.97 million cubic meters | -3.7% |
| 1991 | 3.18 million cubic meters | -20.0% |
| 1992 | 3.40 million cubic meters | +6.9% |
| 1993 | 3.58 million cubic meters | +5.3% |
| 1994 | 3.58 million cubic meters | +0.0% |
| 1995 | 3.22 million cubic meters | -10.1% |
| 1996 | 3.18 million cubic meters | -1.2% |
| 1997 | 4.77 million cubic meters | +50.0% |
| 1998 | 4.77 million cubic meters | +0.0% |
| 1999 | 2.23 million cubic meters | -53.3% |
| 2000 | 2.23 million cubic meters | +0.0% |
| 2001 | 3.34 million cubic meters | +50.1% |
| 2002 | 3.34 million cubic meters | +0.0% |
| 2003 | 25.06 million cubic meters | +650.3% |
| 2004 | 25.06 million cubic meters | +0.0% |
| 2005 | 25.06 million cubic meters | +0.0% |
| 2006 | 25.06 million cubic meters | +0.0% |
| 2007 | 23.85 million cubic meters | -4.8% |
| 2008 | 23.85 million cubic meters | +0.0% |
| 2009 | 23.85 million cubic meters | +0.0% |
| 2010 | 23.85 million cubic meters | +0.0% |
| 2011 | 23.85 million cubic meters | +0.0% |
| 2012 | 23.85 million cubic meters | +0.0% |
| 2013 | 23.85 million cubic meters | +0.0% |
| 2014 | 23.85 million cubic meters | +0.0% |
| 2015 | 23.85 million cubic meters | +0.0% |
| 2016 | 23.85 million cubic meters | +0.0% |
| 2017 | 23.85 million cubic meters | +0.0% |
| 2018 | 23.85 million cubic meters | +0.0% |
| 2019 | 23.85 million cubic meters | +0.0% |
| 2020 | 23.85 million cubic meters | +0.0% |
| 2021 | 23.85 million cubic meters | +0.0% |
Spain compared with similar countries
- Spain's 23.85 million cubic meters is above the median for Europe & Central Asia, which is 2.38 million cubic meters, 10.0× the median. (51 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 19.25 million cubic meters | 4.13 million cubic meters | 55.65 million cubic meters | 10 |
| 1990s | 3.59 million cubic meters | 2.23 million cubic meters | 4.77 million cubic meters | 10 |
| 2000s | 18.07 million cubic meters | 2.23 million cubic meters | 25.06 million cubic meters | 10 |
| 2010s | 23.85 million cubic meters | 23.85 million cubic meters | 23.85 million cubic meters | 10 |
| 2020s | 23.85 million cubic meters | 23.85 million cubic meters | 23.85 million cubic meters | 2 |
Countries ranked near Spain
- 58 Bahrain 29.65 million cubic meters compare
- 59 Democratic Republic of Congo 28.62 million cubic meters compare
- 60 Papua New Guinea 25.38 million cubic meters compare
- 61 Albania 23.85 million cubic meters compare
- 61 Chile 23.85 million cubic meters compare
- 61 Niger 23.85 million cubic meters compare
More energy & mining data for Spain
- Fossil fuel consumption by fuel, per unit of GDP 0 terawatt-hours per US$ of GDP (2025)
- Primary energy use, annual growth rate 2.17 % 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 13.4% (2024)
Frequently asked questions
- What is oil reserves in Spain?
- Oil reserves in Spain was 23.85 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 Spain?
- The highest recorded value was 55.65 million cubic meters in 1981.
- What is the lowest oil reserves recorded in Spain?
- The lowest recorded value was 2.23 million cubic meters in 1999.
- How does Spain rank for oil reserves?
- Spain ranks 61st out of 216 countries with data for 2021.
- Is oil reserves rising or falling in Spain?
- Over the last ten years it is unchanged. The long-run trend across the full record is volatile.
- Where does this Spain 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.