Opec's second biggest oil producer plans 9mn b/d capacity by 2029, double current levels. But burdensome ‘technical service contracts’ have scared off many IOCs, and Baghdad is increasingly turning to its national oil companies for development. Will Iraq’s new government rise to the immense challenges facing the country’s upstream, downstream and powergen sectors?
|Crude Output||4.01||mn b/d|
|Crude Exports||3.00||mn b/d|
|Crude Export Rev.||41.8||$bn|
|Gross Gas Output||2.57||bn cfd|
*ALL EXCEPT CRUDE OUTPUT EXCLUDE KRG.
9 Jul, 2021
A grueling three-hour parliamentary grilling shows Iraq’s energy minister has an uphill task to maintain IOC investment, given parliamentary opposition to any concessions to a business-friendly environment. Opposition to Chinese investment and corruption at state firms were other key themes.
2 Jul, 2021
11 Jun, 2021
7 May, 2021
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