A compressor and a refrigeration system having the same are provided. The compressor includes a crankcase, a thrust bearing and a crankshaft. The crankcase is formed with a crankshaft hole therein and provided with a mounting protrusion at an upper end thereof. The crankshaft hole runs upward through the mounting protrusion. The thrust bearing is fitted over the mounting protrusion. The crankshaft is rotatably disposed within the crankshaft hole, has a thrust part, and is formed with an oil supply passage therein. A lower end face of the thrust part is abutted against an upper end face of the thrust bearing. A cavity is defined by the mounting protrusion, the thrust bearing and the thrust part. A through hole is formed in a peripheral wall of the crankshaft for communicating the oil supply passage with the cavity.