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 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?
2020 In Numbers*
| 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.
1 Jul, 2022
Featured
Iraqi Kurdistan Gas Expansion Work Suspended After Attacks
Work on a key gas expansion project in the Kurdistan Region of Iraq has been paused amid an escalation of rocket attacks against the semi-autonomous region.
KRG: Major Oil And Gas Infrastructure & Recent Attacks
NEWS IN BRIEF
US Service Firms ‘To Quit’ KRG
1 Jul, 2022
KRG’s Khor Mor Attacked
24 Jun, 2022
Iraq: Semi-Ref LPG Exports
24 Jun, 2022
Iraq Posts New Record Oil Revenues
3 Jun, 2022
Iran Cuts Gas To Iraq, Baghdad Rushes To Riyadh
3 Jun, 2022
Iraq’s Summer Power Plan: Almost Complete?
13 May, 2022
Iraq Eyes DHI QAR Oil Gains
29 Apr, 2022
SELECTED DATA
1: Iraq Refinery Output Is Up As Opec Cuts Ease, But Fuel Oil Still Makes Up Nearly 50% Of The Total (‘000 b/d)
2: Iraq Imports Of Refined Products (‘000 b/d): Gasoline Makes Up The Lion’s Share, Around 50,000 b/d
Iraq's Gas Flaring Has Stabilized At 50% Of Gross Output (bn cfd)
Get Our Headlines Weekly
Keep abreast with current events with our weekly headlines.
You’ll also be notified of our free articles & maps.
By signing up, you agree to receive promotional emails. You can unsubscribe at any time. For more information, read our privacy statement.