Annual Sector Summary — Oil & Gas

Fiscal Year: 2025 Generated: 2026-09-06

Executive Summary

Annual summary report for the Oil & Gas sector covering fiscal year 2025. 45 indicators tracked; 3 trending up, 0 declining, 42 stable compared with FY2024. Largest gain: Oil Block Concession Revenue (+150.0% YoY).

Top Year-over-Year Shifts (FY2025 vs FY2024)

1. Oil Block Concession Revenue: +150.0% (up)
2. Oil Sector FDI: +73.3% (up)
3. Active Exploration Blocks: +66.7% (up)
4. National Petroleum Imports Volume: 0.0% (stable)
5. National Petroleum Product Imports: 0.0% (stable)

Indicator Performance (annual vs prior year)

• Mineral Fuels and Oils Import Value: FY2025 609.93 USD million (2026) · prior — · YoY — · trend stable
• Crude Oil Production: FY2025 0 barrels (2026) · prior 0 (2024) · YoY — · trend stable
• Commercial Oil & Gas Production: FY2025 0 barrels (2026) · prior — · YoY — · trend stable
• Active Exploration Blocks: FY2025 5 Blocks (2025) · prior 3 (2024) · YoY +66.7% · trend up
• Active Offshore Exploration Contracts: FY2025 4 contracts (2025) · prior — · YoY — · trend stable
• Petroleum Consumption (PMS & AGO): FY2025 15.33 million gallons (2025) · prior — · YoY — · trend stable
• Exploration Area Licensed: FY2025 12,700 square kilometers (2025) · prior — · YoY — · trend stable
• Offshore Exploration Blocks Awarded: FY2025 4 blocks (2025) · prior — · YoY — · trend stable
• Petroleum Levy Surcharge: FY2025 0.2 USD per gallon (2025) · prior — · YoY — · trend stable
• Active Offshore Petroleum Contracts: FY2025 8 contracts (2025) · prior — · YoY — · trend stable
• Petroleum Import Price: FY2025 66.72 USD per barrel (2025) · prior — · YoY — · trend stable
• Oil Block Concession Revenue: FY2025 20 USD Millions (2025) · prior 8 (2024) · YoY +150.0% · trend up
• Oil Sector FDI: FY2025 78 USD Millions (2025) · prior 45 (2024) · YoY +73.3% · trend up
• Offshore Exploration Contracts Awarded: FY2025 4 contracts (2025) · prior — · YoY — · trend stable
• Exploration Area Awarded: FY2025 12,700 square kilometers (2025) · prior — · YoY — · trend stable
• National Petroleum Imports Volume: FY2025 167.83 million gallons (2024) · prior 167.83 (2024) · YoY 0.0% · trend stable
• Domestic Refinery Production: FY2025 0 barrels (2024) · prior 0 (2024) · YoY — · trend stable
• Share of Domestic Crude Oil Supply: FY2025 0 % (2024) · prior 0 (2024) · YoY — · trend stable
• Upstream Oil Production: FY2025 0 barrels per day (2024) · prior 0 (2024) · YoY — · trend stable
• National Petroleum Product Imports: FY2025 167,825,221 gallons (2024) · prior 167,825,221 (2024) · YoY 0.0% · trend stable
• Petroleum Refinery Production: FY2025 0 barrels per day (2024) · prior 0 (2024) · YoY — · trend stable
• Refinery Production: FY2025 0 barrels (2024) · prior 0 (2024) · YoY — · trend stable
• Petroleum Product Imports: FY2025 167.83 million gallons (2024) · prior 167.83 (2024) · YoY 0.0% · trend stable
• Premium & Diesel Fuel Import Volume: FY2025 42.57 million gallons (2024) · prior 42.57 (2024) · YoY 0.0% · trend stable
• Oil Consumption Growth Rate: FY2025 4.5 % (2024) · prior 4.5 (2024) · YoY 0.0% · trend stable
• Proved Oil Reserves: FY2025 0 billion barrels (2024) · prior 0 (2024) · YoY — · trend stable
• Petroleum Gas Import Value: FY2025 21.7 USD million (2024) · prior 21.7 (2024) · YoY 0.0% · trend stable
• Crude Petroleum Export Value: FY2025 114 USD million (2024) · prior 114 (2024) · YoY 0.0% · trend stable
• Oil and Petroleum Products Consumption: FY2025 4,852.7 barrels per day (2024) · prior 4,852.7 (2024) · YoY 0.0% · trend stable
• Petroleum Gas Exports: FY2025 0.135 USD million (2024) · prior 0.135 (2024) · YoY 0.0% · trend stable
• Petroleum Gas Imports: FY2025 21.7 USD million (2024) · prior 21.7 (2024) · YoY 0.0% · trend stable
• Oil Consumption: FY2025 4,852.7 barrels per day (2024) · prior 4,852.7 (2024) · YoY 0.0% · trend stable
• Medium Oils Import Value: FY2025 351.5 USD million (2023) · prior — · YoY — · trend stable
• Government Revenue from Oil & Gas: FY2025 0.55 USD million (2023) · prior — · YoY — · trend stable
• Light Oils Import Value: FY2025 317.3 USD million (2023) · prior — · YoY — · trend stable
• Oil and Gas Export Revenue: FY2025 0 USD million (2023) · prior — · YoY — · trend stable
• LPRA License Fees Revenue: FY2025 0.55 USD million (2023) · prior — · YoY — · trend stable
• Seismic Data Sale Revenue: FY2025 1 USD million (2023) · prior — · YoY — · trend stable
• Domestic Crude Oil Supply Share: FY2025 0 % (2023) · prior — · YoY — · trend stable
• Oil & Gas Sector Government Revenue: FY2025 0.55 USD million (2023) · prior — · YoY — · trend stable
• Extractive Sector Revenue: FY2025 182.35 USD million (2022) · prior — · YoY — · trend stable
• Oil & Gas Share of Extractive Revenue: FY2025 0 % (2022) · prior — · YoY — · trend stable
• Oil & Gas Government Revenues: FY2025 2.88 USD million (2019) · prior — · YoY — · trend stable
• Oil & Gas Sector Employment: FY2025 0 persons (2019) · prior — · YoY — · trend stable
• Government Revenues from Oil & Gas: FY2025 2.88 USD million (2019) · prior — · YoY — · trend stable