Executive Summary

Last Updated: February 24, 2021   |  
Summary   |   Notes   |   Background reference

Overview

Kurdistan Regional Government and Federal Iraq

Petroleum and other liquids

Figure 1. Iraq's total petroleum and other liquids production and consumption
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Crude oil exports

Figure 2. Iraq's seaborne crude oil exports in 2019, by destination
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Figure 3. Iraq's monthly seaborne crude oil exports, by location, Janaury 2015-July
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Natural gas

Electricity

Figure 4. Electricity net generation, imports, and distribution losses in Iraq
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Figure 5. Crude oil used at power stations in Iraq
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Notes

Endnotes

  1. Oil & Gas Journal, Worldwide Look at Reserves and Production, December 7, 2020.
  2. International Monetary Fund, Article IV Consultation, Iraq 2019, Table 2, page 28.
  3. U.S. Energy Information Administration, OPEC Net Oil Export Revenues, January 13, 2021.
  4. Al Jazeera, “Oil price crash compounds problems facing Iraq’s new government,” May 7, 2020; Middle East Economic Survey, “Iraq’s Economy Teeters Despite Q3 Revenue Rebound,” October 9, 2020, page 13.
  5. Middle East Economic Survey, “KRG Project Delays Stunt Upstream Growth,” August 28, 2020, pages 2-3; Middle East Economic Survey, “Iraqi Kurdistan Closes in on 500,000 b/d Oil Production,” November 8, 2019, pages 2-3; Middle East Economic Survey, “2021: A Year of Challenges and Opportunities for Iraqi Kurdish Oil,” January 22, 2021, pages 3-5.
  6. Rystad Energy database (accessed October 2020).
  7. Reuters, “FACTBOX-Oil companies active in Iraqi Kurdistan,” January 5, 2011; Kurdistan24 News, “Dana Gas announces 20-year deal with KRG,” March 6, 2019.
  8. Middle East Economic Survey, “KRG Project Delays Stunt Upstream Growth,” August 28, 2020, pages 2-3.
  9. Energy Intelligence, Crude Profiles and Analytics (accessed January 2021).
  10. Facts Global Energy, Middle East Refined Product Balances, Middle East Oil Databook, Spring 2020.
  11. Joint Oil Data Initiative (accessed September 2020).
  12. U.S. Energy Information administration based on crude oil liftings and deliveries from Iraq: ClipperData Incorporated (accessed August 2020).
  13. BOTAS website, Crude Oil (accessed January 2021).
  14. Argus Media, “Refining capacity at Iraq's Baiji to double in months,” August 30, 2020; Middle East Economic Survey, “Iraq Baiji Refinery Sees Restart of Second CDU,” January 15, 2021, page 13.
  15. Reuters, “Iraq to halt Kirkuk oil exports to Iran, may resume them to Turkey,” October 26, 2018.
  16. Argus Media, “Iraq restarts Kirkuk crude flows through KRG pipeline,” November 16, 2018; Reuters, “Iraq restarts some Kirkuk oil exports after year-long halt,” November 16, 2018.
  17. Middle East Economic Survey, “Baghdad And KRG Sign Preliminary Oil Sharing, Budget Deal,” November 29, 2019, page 8.
  18. Oil & Gas Journal, Worldwide Look at Reserves and Production, December 7, 2020.
  19. International Energy Agency, World Energy Outlook Special Report: Iraq Energy Outlook, October 2012, page 70; International Energy Agency, Iraq’s Energy Sector: A Roadmap to a Brighter Future, April 2019, page 34.
  20. World Bank Global Gas Flaring Tracker Report, July 2020, page 5; Middle East Economic Survey, “Global Gas Flaring Gets Worse in 2019”, July 24, 2020, page 3.
  21. Middle East Economic Survey, “Iraq Delays 100% Gas Capture Timeline to 2025,” August 28, 2020, page 11.
  22. Iraq Oil Report, “Iraq Crude Production and Export Tracker,” August 2020, page 6.
  23. Middle East Economic Survey, “Iraq Breaks From The Past In Fifth Bid Round,” January 31, 2020, pages 2-3.
  24. Middle East Economic Survey, “Saudi Arabia Looks To Expand Iraq Footprint,” May 29, 2020 page 10.
  25. Facts Global Energy, Iran Oil and Gas Monthly July 2020 (July 30, 2020).
  26. Middle East Economic Survey, “Baghdad-KRG Talks Raise Prospect Of Gas Development Deal,” April 24, 2020, page 2.
  27. U.S. Energy Information Administration, International Energy Statistics; International Energy Agency, World Energy Statistics 2020.
  28. U.S. Energy Information Administration, International Energy Statistics; Middle East Economic Survey, July 17, 2020, page 13.
  29. Iraqi Oil Report, “Iraq draws electricity from oil projects to help failing power grid,” July 17, 2020.
  30. U.S. Energy Information Administration, International Energy Statistics; International Energy Agency, Electricity Information 2020.
  31. Joint Oil Data Initiative (accessed August 2020).
  32. S&P Global Platts conversation (September 2020).
  33. FGE Market Snapshots: Oil and Gas, August 14, 2020, page 21.
  34. Middle East Economic Survey, May 15, 2020, page 10; Middle East Economic Survey, July 31 2020, page 13.
  35. Middle East Economic Survey, July 31, 2020, page 13.
  36. Middle East Economic Survey, October 2, 2020, page 8.