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Iraq's Key Energy Statistics world rank
Total Primary Energy Production
2016
9.561
Quadrillion Btu
14
Total Primary Energy Consumption
2016
1.902
Quadrillion Btu
39
Crude Oil Proved Reserves
2018
149
Billion Barrels
5
Total Petroleum and Other Liquids Production
2018
4,616
Thousand Barrels Per Day
6
Vented and Flared Natural Gas
2015
572
Billion Cubic Feet
2
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Map of Iraq
Map of Iraq

Analysis - Energy Sector Highlights

  • Iraq is the second–largest crude oil producer in the Organization of the Petroleum Exporting Countries (OPEC) after Saudi Arabia, and it holds the world’s fifth–largest proved crude oil reserves. [1] Most of Iraq’s major known fields–all of which are located onshore–are producing or are in development.
  • Iraq’s crude oil production grew by an average of about 300,000 barrels per day (b/d) from 2013 through 2017, and it averaged 4.4 million b/d in 2017. During the first half of 2018, Iraqi crude oil output stood at about 4.5 million b/d. These production estimates include oil produced in the Iraqi Kurdistan Region, the semiautonomous northeast region in Iraq governed by the Kurdistan Regional Government (KRG).
  • Iraq’s economy is heavily dependent on crude oil export revenues. In 2017, crude oil export revenue accounted for an estimated 89% of Iraq’s total government revenues, according to the International Monetary Fund (IMF). [2] In 2017, Iraq (excluding KRG) earned almost $60 billion in crude oil export revenue, $16 billion more than in 2016, as a result of increasing oil prices and slightly increasing export volumes. [3]

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Data