Latin America · URY
Uruguay
Wind, hydro and a bit of biomass. Oil is the cars and ANCAP’s refinery.
Oil production
0.0 mb/d
0.1 mb/d demand
Net oil
-0.1 mb/d
Import gap
Gas production
0 bcm
Net -0 bcm
O&G rent
0.0%
Share of GDP
Oil balance
Production versus demand, 2025, million barrels per day.
Production0.0 mb/d
Consumption0.1 mb/d
Gas balance
Production versus demand, 2025, billion cubic metres.
Production0.0 bcm
Consumption0.1 bcm
Proven oil
0 bn bbl
Gas reserves
0.0 tcm
Refining
0.0 mb/d
LNG
No LNG
Hydrocarbon mix
Oil versus gas in this country’s oil-and-gas demand (oil-equivalent).
- Oil93%
- Gas7%
Economy
Power is already mostly renewable. Montevideo’s gasoline price is the politics.
- GDP
- $0.1 tn
- Population
- 3.4 m
- Oil intensity
- 0.2 bbl /$1k
- Oil & gas rent
- 0.0% GDP
- Hydrocarbon trade
- 2.2% GDP
- Fiscal breakeven
- —
- $30 oil shock
- -7.1 pp GDP
- Club
- Independent
Projected oil demand
Regional IEA WEO 2025 oil pathways applied to this country’s 2025 baseline. STEPS 2035 demand 0.1 mb/d (net -0.1) versus NZE 0.0 mb/d (net -0.0).
| Scenario | 2025 | 2030 | 2035 | 2050 |
|---|---|---|---|---|
| Stated Policies | 0.1 | 0.1 | 0.1 | 0.1 |
| Net Zero 2050 | 0.1 | 0.0 | 0.0 | 0.0 |
| Current Policies | 0.1 | 0.1 | 0.1 | 0.1 |