Iraq power storage production base

What is Iraq's crude oil production capacity in 2023?

We estimate that Iraq’s effective crude oil production capacity was 4.4 million b/d as of mid-2023, down from 4.8 million b/d at the beginning of 2023. The addition of a new refinery and restoration of some equipment at the Basra export terminal boosted production capacity in 2023.

How many mln bpd can Iraq export from its southern ports?

September 1, 2023; Reuters, “Iraq can export more than 3.3 mln bpd from its southern ports, oil minister says“, April 7, 2022; Middle East Economic Survey, “Iraq Crude Oil Exports Push Against Capacity Constraints”, May 6, 2022; Reuters, “Iraq to boost southern oil export capacity from second quarter – source”, January 11, 2022.

How has war impacted Iraq's power infrastructure?

While Iraq has made impressive gains in oil production, the turmoil of recent wars has undermined the country’s ability to maintain and invest in its power infrastructure. Despite these challenges, Iraq has nearly doubled its oil production over the past decade.

What is Iraq's current daily oil production?

The report projects that Iraq’s oil production will grow by 1.3 million barrels a day by 2030, becoming the world’s fourth-largest oil producer.

What is a key barrier to increased Iraqi oil production?

One impeding barrier to increased Iraqi oil production is the availability of water, as planned oil production will require a level of water production above what has been achieved so far. The increase in Iraqi oil production capacity over the last decade has been impressive, yet there are a number of challenges facing the sector going forward.

What is the future of electricity supply in Iraq?

The future of electricity supply in Iraq can be achieved through several pathways, but the most affordable, reliable, and sustainable approach involves reducing network losses by at least half, strengthening regional interconnections, utilizing captured gas in efficient power plants, and increasing the share of renewables in the energy mix.