3rd
largest conventional proved crude oil reserves in the world
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 2019 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.
Update:
August 2020
Format:
3 files (PDF report, 2 Excel files)
Pages:
29 (Report only)
Delivery:
Immediate by e-mail
Price:
790 €
Price without VAT. Depending on your statute and location, VAT might be applicable. Get in touch with us for more information.
After validation, you will immediately receive 3 files by email (one pdf report and 2 excel files containing the datasets).
Highlights
- The Ministry of Oil and the Ministry of Electricity are responsible for the entire energy sector.
- The fifth oil & gas bidding round was unsubscribed.
- The oil market is divided into IOC's and NOC's.
- BP operates Rumaila, the largest producing oil field in Iraq with a production of 1.5 mb/d in 2019.
- Crude oil production has doubled since 2010, mainly due to fields in southern Iraq.
- Power capacity has nearly tripled since 2010 from 12 GW to 35 GW.
- Oil is the country's main energy source, accounting for 87% of total consumption.
- Several projects are being developed to increase power production of oil and gas. In 2020, the MoE expects to add 3.5 GW.
- After 6 years without any licensing rounds, Iraqi MoO opened a tender for 11 blocks in 2018.
+23 GW
electricity capacity since 2010, i.e. 3x more than 2010 levels
x2
oil production since 2010
Abstract
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
Electricity:
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 reinforce the importance of the privatization of the power sector to fight supply outages.
Energy Supply
Resources:
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) and are mainly located in the east of the country.
Energy Prices
Oil:
Gasoline and diesel prices remained unchanged between 2012 and 2014. Gasoline prices increased in 2015 and 2016 to US$0.49/l before returning to their 2012-2014 levels as of 2017 (at US$0.38/l). Diesel prices have been declining since 2014 and reached US$0.21/l in 2018.
Graph: GASOLINE & DIESEL PRICES (US$/l)
Energy Consumption
Total energy consumption per capita amounted to 1.6 toe/capita in 2019. Electricity consumption per capita was 1 095 kWh in 2019. It remains much lower than in neighbouring countries (1 760 kWh per capita in Jordan in 2018 and 3 040 kWh in Turkey in 2019).
Total energy consumption increased rapidly since 2015 (+8%/year), to reach 64.5 Mtoe in 2019.
Issues & Prospects
In 2013, Iraq published its Integrated National Energy Strategy (INES) until 2030, which could represent US$620 bn in investments in the energy sector. Beside infrastructure development, the strategy noted the need for institutional reforms to foster private participation in the energy sector.
- GENERAL OVERVIEW
- INSTITUTIONS AND ENERGY POLICY
- ENERGY COMPANIES
- ENERGY SUPPLY
- ENERGY PRICES
- ENERGY CONSUMPTION
- ISSUES AND PROSPECTS
- DATA TABLES
- ABBREVIATIONS
- GLOSSARY
Below is a list of the Iraq energy market report graphs:
- GRAPH 1: CO2-energy Emissions (MtCO2)
- GRAPH 2: Installed electric capacity by source (2019, %)
- GRAPH 3: Gross power production by source (TWh)
- GRAPH 4: Power generation by source (2019, %)
- GRAPH 5: Gasoline & diesel prices (US$/l)
- GRAPH 6: Consumption trends by energy source (Mtoe)
- GRAPH 7: Total consumption market share by energy (2019, %)
- GRAPH 8: Final consumption market share by sector (2019, %)
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.
The Iraq energy market data since 1990 and up to 2019 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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