U.S. Energy Information Administration - EIA - Independent Statistics and Analysis
Country Analysis Brief Overview
- Iraq has the fifth largest proven crude oil reserves in the world, and it passed Iran as the second largest producer of crude oil in OPEC at the end of 2012.
- Despite having large proven oil reserves, increases in oil production have fallen behind ambitious targets because of infrastructure constraints and political disputes.
- Iraq was the sixth largest net exporter of petroleum liquids in the world in 2012, with the majority of its oil exports going to the United States and to refineries in Asia.
- The majority of Iraqi natural gas production is flared and Iraq was the fourth largest natural gas flaring country in the world in 2010. Iraq is taking steps to reduce flaring and to use its natural gas resources in power generation and for re-injection to increase oil recovery.
- After years of power shortages, Iraqi efforts to increase generating capacity are moving forward. Iraq plans to triple generating capacity to 27 gigawatts by the end of 2015.
Analysis Last Updated: April 2013
Overview data for Iraq+ EXPAND ALL
-- = Not applicable; NA = Not available; F = Forecast value
Sources: EIA. For more detailed data, see International Energy Statistics.
Data last updated: February 12, 2013
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