- Update
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- Format
- 3 files (PDF report, 2 Excel files)
- Pages
-
56 (Report only)
- Delivery
- Immediate by e-mail
- GENERAL OVERVIEW
- ENERGY AND CLIMATE POLICY FRAMEWORK
- ENERGY COMPANIES
- ENERGY SUPPLY AND DEMAND
- ENERGY USE AND PRICE BY SECTOR
- ISSUES AND PROSPECTS
- STATISTICS
- ABBREVIATIONS
- GLOSSARY
Buy Iraq energy report
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Overview
Iraq’s energy sector, dominated by oil, is undergoing reform to diversify supply, with a 2030 target for renewables to meet a third of power capacity. State-controlled through key ministries, it faces challenges in infrastructure, gas flaring, and regional disputes, while pursuing privatisation and cross-border energy collaborations.
Get more details on the table of contents and data files, as well as the list of graphs and tables by browsing the tabs below.
Highlights
- Iraq plans to reach a share of renewables of 33% in the power capacity mix in 2030.
- INOC, Iraqi National Oil Company, controls the 7 state-owned upstream companies.
- After a sharp decrease in 2020, oil production rebounded by 10% in 2022, and has decreased by 6% since then.
- Gas represents 54% of the power mix.
- Electricity consumption per capita is much lower than in neighbouring countries at around 1.5 MWh.
- Oil is the country's main energy source, accounting for two thirds of total energy 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.
Energy & Climate Policy Framework
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.
The Ministry of Electricity (MoE) is responsible for the generation, transmission, and distribution of electricity since 2003.
Energy Companies
Electricity:
Four "General Companies of Electricity Production" cover power generation in the 4 main regions: North, South, Middle Region, and Middle Euphrates Region.
Energy Supply & Demand
Oil:
Constrained by OPEC quotas, oil production decreased by 2% and 4% in 2024 and 2023, respectively. It had previously rebounded by 10% in 2022 to 220 Mt, after remaining stable in 2021 and dropping by 14% in 2020 due to the COVID-19 pandemic. It had previously been increasing rapidly since 2010 (+8%/year), with a major boost in 2016 (+27%).
Energy Use and Price by Sector
Energy Prices in Transport:
In 2021 and 2022, gasoline and diesel prices increased dramatically (around 50%/year), following the continuous rise of Brent prices, which had dropped by around 20% in 2023.In 2024, the Iraqi government announced a 30% rise in prices for gasoline and diesel.
Graph: Energy Prices in Transport (Taxes Included)
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.
- Graph 1: Primary Consumption Trends by Energy Source
- Graph 2: Total Consumption Market Share by Energy (2024)
- Graph 3: Installed Electric Capacity by Source
- Graph 4: Installed Electric Capacity by Source (2024)
- Graph 5: Gross Power Production by Source & Consumption
- Graph 6: Power Generation by Source (2024)
- Graph 7: Crude Oil Production & Consumption
- Graph 8: Petroleum Products Production & Consumption
- Graph 9: Gas Production & Consumption
- Graph 10: GHG Emissions and CO2-energy Emissions
- Graph 11: Final Demand Trends by Energy Source
- Graph 12: Final Consumption by Sector
- Graph 13: Final Consumption Market Share by Sector (2024)
- Graph 14: Final Consumption in Industry by Energy Source
- Graph 15: Final Consumption in Transport by Energy Source
- Graph 16: Energy Prices Including Taxes in Transport
- Graph 17: Final Consumption in Residential, Services, Agriculture by Energy Source
- Graph 18: Upcoming New Capacity by Energy Source
- 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.
The Iraq energy market data since 1990 and up to
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).