Middle East

Iraq

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?

Map
Crude Exports (Mn B/D) From The Gulf* Edge Back To 18mn B/D In 2018…
Iraq: Export Revenues ($bn) On Pace Of 2014 Levels In 1H 2018
Record Supplies Of Gas (MN CFD) To Power Plants Help Curb Iraq Liquids ('000 B/D) Power Generation Burn