Iraq energy report

This analysis includes a comprehensive Iraq energy market report and updated datasets. It is derived from the most recent key economic indicators, supply and demand factors, oil and gas pricing trends and major energy issues and developments surrounding the energy industry. The report provides a complete picture of the country situation, dynamics, current issues and future prospects. With 2021 market data and continuous follow-up of markets news, this report brings clear and concise insights with which to tackle national energy challenges and opportunities. Browse the tabs below for a detailed table of contents, the list of graphs and tables, and details on the data files.

Iraq energy report
September 2022
2 files (PDF report, Excel file)
30 (Report only)

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  • Iraq ratified its NDC with the objective to cut CO2eq emissions from industry by 1-2% by 2030.
  • A new Federal Court decision will oblige Kurdistan to deliver its whole oil production to Iraq.
  • Oil and gas markets are divided into IOCs and NOCs. The largest IOC in the oil sector is BP, followed by ENI.
  • INOC, Iraqi National Oil Company, was created in 2021 to control the 7 state-owned upstream companies.
  • Oil production has been decreasing since 2019, after a period of rapid growth. Its share in OPEC production fell from 12% in 2021 to 16% in 2019.
  • Gas represents 61% of the power mix.
  • In 2021, motor fuel prices were back to their 2018 levels.
  • Electricity consumption per capita is much lower than in neighbouring countries at around 1 MWh.
  • Oil is the country's main energy source, accounting for 73% of total consumption.
  • By 2027, the country plans to double its oil production to 8 mb/d and expand its export capacity by 50%.
  • Saudi Arabia and Iraq will build a 1 GW transmission line by 2023-2024.


largest gas flaring country worldwide


share of oil production exported


power generation from gas


  • Institutions & Energy Policy

    Iraq's economy is mainly based on the oil industry. The State controls the energy sector through two ministries.

    The Ministry of Oil (MoO) supervises all the oil and gas activities and regulates the exploitation rights of the country's hydrocarbon reserves.

  • Energy Companies


    The electricity sector is entirely managed by the Ministry of Electricity through various regional companies. Over the few past years, however, private sector participation in power generation and transport has increased. Recently elected politicians reinforced the importance of privatising the power sector to fight supply outages.

  • Energy Supply


    The proven crude oil reserves were re-evaluated by the Government in 2017 and are estimated at about 20 Gt. They are the third largest in the world (fifth largest when including unconventional reserves, which represent 17% of proven reserves in the Middle East and 8% of the global reserves (end of 2021) and are mainly located in the east of the country.

  • Energy Prices


    In 2021, gasoline and diesel prices got back to their 2018 levels, reaching US$0.39/l and US$0.22/l, respectively. In 2020, these prices had dropped by around 35%. Previously, gasoline and diesel prices remained unchanged between 2012 and 2014.

  • Energy Consumption

    Total energy consumption per capita amounted to 1.2 toe/capita in 2021. Electricity consumption per capita was 1 030 kWh in 2021. It remains much lower than in neighbouring countries (1 900 kWh in Jordan and 3 300 kWh in Turkey).

  • Issues & Prospects

    In 2013, Iraq published its Integrated National Energy Strategy (INES) until 2030, which could represent US$620 bn in investments in the energy sector. Beside infrastructure development, the strategy noted the need for institutional reforms to foster private participation in the energy sector.

Table of Contents


Download the Table of Contents

List of Graphs

Below is a list of the Iraq energy market report graphs:

  • GRAPH 1: CO2-energy Emissions (MtCO2)
  • GRAPH 2: Installed electric capacity by source (2021, %)
  • GRAPH 3: Gross power production by source (TWh)
  • GRAPH 4: Power generation by source (2021, %)
  • GRAPH 5: Gasoline & diesel prices (US$/l)
  • GRAPH 6: Consumption trends by energy source (Mtoe)
  • GRAPH 7: Total consumption market share by energy (2021, %)
  • GRAPH 8: Final consumption market share by sector (2021, %)

List of Tables

In the Iraq energy market report you will find the following tables:

  • Economic Indicators: Annual historical data including population, GDP growth, imports and exports, inflation rate, energy security and efficiency indicators, CO2 emissions.
  • Supply Indicators: Historical data including oil and gas reserves, electric and refining capacity, energy production, power production and external trade. All are detailed by energy source.
  • Demand Indicators: Historical data including consumption per inhabitant, consumption trends, total consumption by energy source, final consumption by energy source and sector, and electricity consumption by sector.
  • Energy Balances: Single table displaying the overall energy industry balance per annum, also graphically displayed by energy sub-segment.
  • Infrastructure Projects: Covers power plant projects by energy, technology, status and operator.

Data (Excel Sheet)

The Iraq energy market data since 1990 and up to 2021 is included in the Excel file accompanying the Iraq country report.
It showcases the historical evolution, allowing users to easily work with the data.

Key Data included in the excelsheet:

  • Economic indicators: Annual historical economic indicators, energy security, energy efficiency and CO2 emissions.
  • Supply indicators: Annual historical reserves, capacity, production and external trade (imports(+) exports(-) balance).
  • Demand indicators: Annual historical consumption per capita, consumption trends, total consumption, final consumption (per energy and per sector) and electricity consumption total and per sector.
  • Energy Balance: total and per energy.
  • Iraq Energy Prices: In addition to the analysis provided on the report we also provided a data set which includes historical details on the Iraq energy prices for the follow items: price of premium gasoline (taxes incl.), price of diesel (taxes incl.), price of electricity in industry (taxes incl.), price of electricity for households (taxes incl.), price of natural gas in industry (taxes incl.), prices of natural gas for households (taxes incl.), spot price of Brent and CO2 emissions (from fuel combustion).

The Iraq country report is complemented with a national power generation dashboard (excel file) from our Power Plant Tracker Service.

Data included in the excelsheet:

  • New capacities: Current power mix, installed capacity at date, capacity under construction and under development.
  • Power Sector Performances: Historical data on installed capacity, power generation, thermal power plants inputs, average thermal power plant efficiency, CO2 emissions of the power sector, carbon factor of the power sector.


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