Price of iraq emergency energy storage power supply

How much electricity does Iraq use per capita?

Electricity consumption per capita was 1 190 kWh in 2022. It remains much lower than in neighbouring countries (1 900 kWh in Jordan and 3 300 kWh in Turkey). In 2013, Iraq published its Integrated National Energy Strategy (INES) until 2030, which could represent US$620 bn in investments in the energy sector.

What is the main energy source in Iraq?

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. Iraq's economy is mainly based on the oil industry.

What is Iraq's Integrated National Energy Strategy?

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.

Which oil companies are in Iraq?

Iraq plans to reach a share of renewables of 33% in the power capacity mix in 2030. The largest international oil company is BP, followed by ENI. INOC, Iraqi National Oil Company, was created in 2021 to control the 7 state-owned upstream companies.

What is Iraqi National Oil Company (INOC)?

INOC, Iraqi National Oil Company, was created in 2021 to control the 7 state-owned upstream companies. After a sharp decrease in 2020, oil production rebounded in 2022, nearly back to its pre-pandemic level. The country is planning to boost its crude oil export capacity from the southern ports in 2023. Gas represents 54% of the power mix.