Opec's second biggest oil producer plans 6mn b/d output by 2020, up from around 4.65mn b/d now. 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 | 4.52 | mn b/d |
| Crude Exports | 3.82 | mn b/d |
| O&G Export Rev. | 83.7 | $bn |
| O&G % Export Rev. | 84 | % |
| Oil Rig Count | 59 |
19 Jul, 2019
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Iraq’s dilapidated electricity ministry has made great strides in rehabilitating the ailing power sector this year, with peak generation up some 30% to 18.2GW. But with widespread socio-economic grievances is this enough to hold off a repeat of last summer’s protests?
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