Middle East

Iraq

Iraq is now Opec’s second largest producer after major capacity gains propelled it well clear of its nearest rivals. Major refining investment is required to end costly products’ imports.

State of Play

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?

2019 In Numbers

Crude Output	4.63	mn b/d
Crude Exports	3.95	mn b/d
O&G Export Rev.	78.8	$bn
O&G % Export Rev.	79	%

Geopolitical Risk

15 May, 2020

Featured

MEES Interview: Luay al-Khatteeb On Iraq Power & Power Politics

Luay al-Khatteeb, Iraq’s Electricity minister until earlier this month, this week spoke exclusively to MEES* about his time in office and the myriad challenges still faced by Iraq and its power sector. Below is a lightly-edited transcript.