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 2020 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 2021
3 files (PDF report, 2 Excel files)
29 (Report only)

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  • Iraq aims to reach 2.24 GW of renewable capacity in 2025.
  • INOC, Iraqi National Oil Company, was created in 2021 to control the 7 state-owned upstream companies.
  • BP operates Rumaila, the largest producing oil field, with 1/3 of total production.
  • Crude oil production has doubled since 2010, despite a 12% decrease in 2020.
  • Power capacity has more than tripled since 2010 from 12 GW to 39 GW.
  • Iraq is the world's second largest gas flaring country and accounts for 12% of global flaring.
  • Motor fuel prices dropped by 35% in 2020.
  • Total energy consumption decreased by 8% in 2020.
  • Oil is the country's main energy source, accounting for 69% of total consumption.
  • The country aims to increase its oil production capacity from 3.9 mb/d in 2020 to 8 mb/d in 2027.
  • In 2021, the Government signed agreements for 5 GW of solar with TotalEnergies, Masdar, and Power China.


largest gas flaring country worldwide in 2020

+27 GW

between 2010 and 2020, i.e. 3 times the 2010 level


oil production in 2020


  • 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


    Gas production is managed by two regional state-owned firms operating under the control of the Ministry of Oil: North Gas Company (NGC) and South Gas Company (SGC).

  • Energy Supply


    Oil production dropped by 12% in 2020, reaching 206 Mt due to the COVID-19 pandemic. It had previously been increasing rapidly since 2010 (+8%/year), with a major boost in 2016 (+28%). This was mainly due to increased output at fields in southern Iraq and in the Iraqi Kurdistan Region, which more than offset disrupted volumes in the north.

  • Energy Prices


    Gasoline and diesel prices both dropped by around 35% in 2020 due to the COVID-19 pandemic, reaching US$0.23/l and US$0.13/l, respectively. Previously, 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), and were quite stable over 2018-2019.

  • Energy Consumption

    Total energy consumption per capita amounted to 1.5 toe/capita in 2020. Electricity consumption per capita was 1 110 kWh in 2020. It remains much lower than in neighbouring countries (1 760 kWh per capita in Jordan in 2019 and 3 045 kWh in Turkey in 2020).

  • 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 (2020, %)
  • GRAPH 3: Gross power production by source (TWh)
  • GRAPH 4: Power generation by source (2020, %)
  • GRAPH 5: Gasoline & diesel prices (US$/l)
  • GRAPH 6: Consumption trends by energy source (Mtoe)
  • GRAPH 7: Total consumption market share by energy (2020, %)
  • GRAPH 8: Final consumption market share by sector (2020, %)

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 2020 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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