Philippines Oil Reserves, Production and
The Philippines holds 138,500,000 barrels of proven oil reserves as of 2016, ranking 64th in the world and accounting for about % of the world''s total oil reserves of 1,650,585,140,000 barrels. Total Oil Reserves in the Philippines are less than even a single year of oil consumption (156,585,000 barrels as of 2016), making the Philippines highly dependent on oil imports in order to substain