Galang, Llord Kirvie D.

TCIE 2-2

Tabulation data of 10 countries producing petroleum oil.

Name of Oil reserves Oil Oil Oil imports Oil exports History of oil
countries (tons) production Consumptio (Tons/year) (Tons/year) consumption
per year n and production
Per year

Netherla 0.14 billion 0.0.3 million 0.09 million 50 million 55 million The
nds Netherlands'
history of oil
consumption
and production
is notable for
its discovery
and
development
of significant
offshore
reserves in the
North Sea.
Beginning in
the 1960s,
offshore
drilling led to a
boom in oil
production,
making the
Netherlands a
major player in
the global oil
market.
However,
production
peaked in the
1970s and has
since declined
steadily as
reserves have
depleted.
Despite this
decline, the
Netherlands
remains a
significant oil
producer, with
 efforts to
maximize
extraction
efficiency and
explore new
reserves.
Additionally,
the country
has embraced
renewable
energy
sources, such
as wind power,
as part of its
transition
towards a
more
sustainable
energy future.

Norway 8.12 billion 1.7 million 0.2 million 5 million 95 million Norway's
history of oil
consumption
and production
began with the
discovery of
the Ekofisk
field in the late
1960s, leading
to rapid
development
and significant
economic
growth in the
following
decades.
Throughout
the 1970s and
1980s, Norway
became one of
the world's
largest oil
exporters,
experiencing
peak
production
levels.
 However, as
reserves
depleted,
production
stabilized in
the 1990s and
2000s. Today,
Norway
remains a
major oil and
gas producer,
but there's a
growing
emphasis on
diversification
and
sustainability,
including
investments in
renewable
energy.

United 2.5 billion 0.7 million 1.5 million 40 million 30 million The United
Kingdom Kingdom's
history of oil
consumption
and production
dates back to
the discovery
of significant
offshore oil
reserves in the
North Sea in
the 1960s. This
discovery led
to a boom in
oil production
and export
during the
1970s and
1980s,
contributing to
economic
growth and
energy
independence.
However,
 production
peaked in the
late 1990s and
has since
declined
steadily as
reserves have
diminished.
Despite this
decline, the UK
remains a
significant oil
producer and
exporter.
Efforts to
diversify the
energy sector
have led to
increased focus
on renewable
energy sources
such as wind
and solar
power.
Additionally,
the UK
government
has
implemented
policies to
reduce carbon
emissions and
promote
energy
efficiency in
line with global
sustainability
goals

Romania 0.6 billion 0.06 million 0.1 million 10 million 1 million Romania's
history of oil
consumption
and production
began in the
late 19th
century with
the discovery
of significant
reserves in
areas like
Ploiești. The
industry
flourished in
the early 20th
century,
making
Romania a
major global
producer.
During World
War II, the oil
fields became
strategic
targets, leading
to damage and
disruption.
Under
communist
rule, the
industry was
nationalized,
and production
continued,
though with
varying
efficiency.
Post-
communism,
privatization
and
modernization
efforts were
introduced to
revitalize
production.
However,
production has
declined over
the years due
to depletion of
older fields.
Today,
Romania
remains a
 modest oil
producer, with
efforts to
diversify the
energy sector
and promote
renewables.

Italy 0.5 billion 0.08 million 1.2 million 80 million 5 million Italy has a
history of oil
consumption
dating back to
the early 20th
century,
primarily
reliant on
imports due to
limited
domestic
reserves.
Modest
domestic
production
emerged in
regions like
Sicily and
Basilicata in
the mid-20th
century but
was insufficient
to meet
demand. In
recent years,
Italy has
shifted focus
towards
renewable
energy sources
to reduce
dependence on
fossil fuels,
with a growing
emphasis on
sustainability
and energy
efficiency.
Denmark 0.44 billion 0.06 million 0.1 million 10 million 2 million Denmark's
history of oil
consumption
and production
is marked by a
transition from
a net exporter
to a net
importer of oil.
The country
began offshore
drilling in the
North Sea in
the 1970s,
leading to a
brief period of
oil self-
sufficiency and
economic
growth.
However, as
reserves
dwindled,
Denmark
became a net
importer of oil.
In recent years,
there has been
a shift towards
renewable
energy,
including wind
power, as part
of Denmark's
commitment
to
sustainability
and reducing
reliance on
fossil fuels.

Ukraine 0.4 billion 6670 0.2 million 20 million 1 million Ukraine's

history of oil
consumption
and production
is
characterized
 by a reliance
on imports.
Despite having
some domestic
oil reserves,
particularly in
regions like
Donetsk and
Crimea,
Ukraine has
historically
imported the
majority of its
oil. The
country
experienced a
peak in oil
production in
the mid-20th
century but
has since seen
a decline due
to aging
infrastructure
and limited
investment.
Today, Ukraine
continues to
rely heavily on
imported oil to
meet its energy
needs, while
also exploring
renewable
energy sources
to enhance
energy security
and reduce
dependency on
fossil fuels.

Turkey 0.37 billion 0.07 million 0.7 million 40 million 2 million Turkey's
history of oil
consumption
and production
is marked by a
significant
 increase in
both over the
past few
decades.
Initially reliant
on imports,
Turkey began
exploring and
developing its
domestic oil
resources in
the mid-20th
century. The
country
experienced a
boost in
production
with the
discovery of
the Southeast
Anatolia Basin
in the 1990s,
leading to
increased self-
sufficiency in
oil production.
Today, Turkey
continues to
develop its
domestic oil
fields while
also
diversifying its
energy
sources,
including
investments in
renewable
energy such as
wind and solar
power, to
enhance
energy security
and
sustainability.

Spain 0.15 billion 20 1.2 million 70 million 0.5 million Spain's history
of oil
consumption
and production
is
characterized
by a heavy
reliance on
imports. While
Spain has
limited
domestic oil
reserves,
particularly in
regions like the
Cantabrian
Basin, it has
traditionally
imported the
majority of its
oil to meet its
energy needs.
The country
experienced a
brief period of
modest oil
production in
the mid-20th
century, but
this was
insufficient to
offset imports.
In recent years,
Spain has
focused on
diversifying its
energy mix,
including
investments in
renewable
energy sources
such as wind
and solar
power, to
reduce
dependency on
fossil fuels and
enhance
 energy
security.

Russia 80 billions 10.3 million 3.6 million 10 million 450 million Between the
end of World
War II and the
mid-1960s, the
Soviet Union’s
economy was
one of the
most vibrant in
the world. The
country had
successfully
launched the
first man into
space and was
competing
with the
United States
in developing
cutting-edge
military
technology.
However, by
the end of the
1980s, the
economy was
in a miserable
state (but this
was not
obvious to
everyone).
How did it get
to that point?
Back in 1960,
just twenty-
five years
earlier, the
Soviet Union’s
GDP per capita
was on par
with Japan’s.

REFERENCE:

https://www.theglobaleconomy.com/rankings/oil_reserves/Europe/
https://www.theglobaleconomy.com/rankings/oil_production/Europe/

https://www.theglobaleconomy.com/rankings/oil_consumption/Europe/

https://hal.science/hal-02288160/document

https://www.bp.com/content/dam/bp/business-sites/en/global/corporate/pdfs/energy-economics/
statistical-review/bp-stats-review-2022-full-report.pdf

https://www.eia.gov/international/data/world/petroleum-and-other-liquids/more-petroleum-and-
other-liquids-data?pd=5&p=000g&u=0&f=A&v=mapbubble&a=-
&i=none&vo=value&&t=C&g=none&l=249-
000000000000g4008000004000000000gg00000c000000gg&s=315532800000&e=1483228800000

https://carnegieendowment.org/2017/03/29/formation-and-evolution-of-soviet-union-s-oil-and-gas-
dependence-pub-68443

https://www.regjeringen.no/en/topics/energy/oil-and-gas/norways-oil-history-in-5-minutes/id440538/