Iraq energy storage field analysis chart

What is Iraq's crude oil production capacity?

We estimate that Iraq’s crude oil production capacity was 4.6 million b/d as of mid-2022, down from 4.8 million b/d in 2020. Export infrastructure at the southern oil terminals is constrained, and midstream projects are often delayed because of insufficient investment and bureaucratic hurdles.

How has war affected Iraq's power infrastructure?

Despite the extraordinary challenges of war in recent years, Iraq has made impressive gains, nearly doubling the country’s oil production over the past decade. But the turmoil has also undermined the country’s ability to maintain and invest in its power infrastructure.

How many supergiant oil fields does Iraq have?

Iraq has five supergiant oil fields (defined as holding more than 5 billion barrels of oil reserves) in the south. These fields account for almost 50% of Iraq’s total estimated reserves. An estimated 20% of Iraq's oil resources are located in northern Iraq, including the areas of Kirkuk, Irbil, and Mosul.

Does Iraq have a gas-fired energy plan?

According to Middle East Economic Survey in their report 'Iraq Adds Upgrades to Gas-Fired Plans' (December 8, 2017), and the International Energy Agency's World Energy Outlook Special Report: Iraq Energy Outlook (October 2012) on page 92, Iraq has gas-fired energy plans. Iraqi Oil Report also mentions electricity reform in Iraq in their article 'Iraq pushes electricity reform, prompting protests' (January 18, 2018).

How much electricity does Iraq generate a year?

Iraq’s net electricity generation grew by an annual average of about 7% each year between 2010 and 2020, reaching an estimated 92 terawatthours (TWh) (Figure 5).

Why did Iraq introduce the Basra medium grade?

Iraq introduced the Basra medium grade in January 2021 as a result of rising production from heavier crude oil fields compromising the grade of Iraq’s light crude oil. SOMO markets the Basra Medium grade as a medium, sour crude oil (27.9° API, 3.0% sulfur).