Mtoe (million tonnes of oil equivalent) = 11.63 TWh (terawatt-hours). Primary energy includes energy losses. 2012R: CO2 calculation criteria changed; numbers updated.
Iraqi oil production has surged after years of disorder.[3]
In 2008, Iraq was the 9th highest crude oil exporter with 88 Mt.[4]
Oil provided 85% of government income. Iraq's oil reserves were the third biggest in the world, after Saudi Arabia and Iran. In 2009 the Iraq government set a target to increase oil production from 2.5-million-barrels (400,000 m3) to 7-million-barrels-per-day (1,100,000 m3/d) in six years. In June 2009 oil production rights in the Rumaila oil field were sold to BP and China National Petroleum[5][6] for 20 years contracts. Investments are estimated as $10–20 billion. Field reserves are 16.998 billion barrels (2.7025×109 m3). In October 2009 Rumaila’s capacity was 1.1 million barrels per day (170,000 m3/d). Iraq's total oil production was 2.4 Mbbl/d (380,000 m3/d).[7]
A second auction took place in December 2009, and Iraq sold rights to seven oil fields for 20 years, increasing oil production 4.7 million barrels per day (750,000 m3/d) in future. The production companies will receive between $1 and $5.5 per barrel produced:[5][6]
This article needs to be updated. Please help update this to reflect recent events or newly available information.(February 2020)
Iraq electricity supply by source
Over 80% of electricity in Iraq is generated by fossil fuels. As of 2023[update] the 30 gigawatts (GW) of installed capacity cannot meet summer peak demand.[8]
According to the United States Department of Energy officials, demand for electricity has been stimulated by a growing economy and a surge in consumer purchases of appliances and electronics.[9] In addition, electricity is subsidized in Iraq, which leads to increased demand.[8]
Due to a weak grid and institutional problems many consumers use small generators or rooftop solar panels.[8]
Gasedit
This section needs expansion. You can help by adding to it. (May 2023)
Based on data from BP at the end of 2009 the highest proved oil reserves including the non-conventional oil deposits are in 1) Saudi Arabia (18 per cent of global reserves) 2) Canada (12%, mostly oil sands) 3) Venezuela (12%, mostly tar sands) 4) Iran (9%) and 5) Iraq (8%)[11]
One of the corruption risks is that the oil resources are publicly owned but often privately produced. The complex system of licenses and fees may drive corruption incentives. According to Transparency International Bribe Payers Index 2008, the oil and gas industry in general is highly vulnerable to 1) bribery of public officials and 2) undue influence on the legislative process and government policies. IMF Working Paper confirms the relationship between oil rents and corruption. Higher increases in oil rents tends to increase corruption and erode political rights. Open Budget Survey 2008 by International Budget Partnership confirmed that the oil- and gas-dependent countries tend to be less transparent.[12]
^"Iraq - Countries & Regions". IEA. Retrieved 2022-02-16.
^IEA Key World Energy Statistics Statistics 2015 2016-03-04 at the Wayback Machine, 2014 (2012R as in November 2015 2015-04-05 at the Wayback Machine + 2012 as in March 2014 is comparable to previous years statistical calculation criteria, 2013 2014-09-02 at the Wayback Machine, 2012 2013-03-09 at the Wayback Machine, 2011 2011-10-27 at the Wayback Machine, 2010 2010-10-11 at the Wayback Machine, 2009 2013-10-07 at the Wayback Machine, 2006 2009-10-12 at the Wayback MachineIEA October, crude oil p.11, coal p. 13 gas p. 15
^"Country Analysis Brief: Iraq". US Energy Information Administration. 28 April 2016. Retrieved 6 May 2016.
Wikimedia Commons has media related to Energy in Iraq.
April 12, 2024
energy, iraq, energy, sector, iraq, mostly, concentrated, around, electrical, substation, baghdadthis, article, needs, updated, please, help, update, this, article, reflect, recent, events, newly, available, information, february, 2022, contents, overview, pro. The energy sector of Iraq is mostly concentrated around oil and gas 1 Electrical substation In BaghdadThis article needs to be updated Please help update this article to reflect recent events or newly available information February 2022 Contents 1 Overview 2 Oil production 2 1 Electricity 3 Gas 4 Policy 4 1 Oil prices 4 2 Corruption risks 5 See also 6 ReferencesOverview editEnergy in Iraq 2 Population million Prim energy TWh Production TWh Export TWh Electricity TWh CO2 emission Mt 2004 25 4 346 1 203 851 31 6 81 22007 27 5 385 1 219 824 32 3 91 52008 28 2 395 1 369 966 35 8 97 42009 29 0 374 1 391 1 009 33 2 98 82010 32 32 440 1 466 1 017 37 9 104 52012 32 96 468 1 652 1 172 42 6 108 32012R 32 58 524 1 804 1 275 48 3 119 02013 33 42 582 1 833 1 249 60 7 137 9Change 2004 2010 27 27 22 20 20 29 Mtoe million tonnes of oil equivalent 11 63 TWh terawatt hours Primary energy includes energy losses 2012R CO2 calculation criteria changed numbers updated Oil production editSee also Oil reserves in Iraq nbsp Iraqi oil production has surged after years of disorder 3 In 2008 Iraq was the 9th highest crude oil exporter with 88 Mt 4 Oil provided 85 of government income Iraq s oil reserves were the third biggest in the world after Saudi Arabia and Iran In 2009 the Iraq government set a target to increase oil production from 2 5 million barrels 400 000 m3 to 7 million barrels per day 1 100 000 m3 d in six years In June 2009 oil production rights in the Rumaila oil field were sold to BP and China National Petroleum 5 6 for 20 years contracts Investments are estimated as 10 20 billion Field reserves are 16 998 billion barrels 2 7025 109 m3 In October 2009 Rumaila s capacity was 1 1 million barrels per day 170 000 m3 d Iraq s total oil production was 2 4 Mbbl d 380 000 m3 d 7 A second auction took place in December 2009 and Iraq sold rights to seven oil fields for 20 years increasing oil production 4 7 million barrels per day 750 000 m3 d in future The production companies will receive between 1 and 5 5 per barrel produced 5 6 West Qurna Field 13 million barrels 2 100 000 m3 oil Lukoil 85 and StatoilHydro 15 Majnoon oil field 13 million barrels 2 100 000 m3 oil Shell and Petronas Halfaya Field CNPC Petronas Total Qaiyarah and Najmah field Sonangol Garraf field Petronas ja Japan Petroleum Exploration Company Limited JAPEX Badra field Gazprom Petronas Korea Gas Corporation KOGAS ja TPAOElectricity edit This section is an excerpt from Electricity sector in Iraq edit This article needs to be updated Please help update this to reflect recent events or newly available information February 2020 nbsp Iraq electricity supply by sourceOver 80 of electricity in Iraq is generated by fossil fuels As of 2023 update the 30 gigawatts GW of installed capacity cannot meet summer peak demand 8 According to the United States Department of Energy officials demand for electricity has been stimulated by a growing economy and a surge in consumer purchases of appliances and electronics 9 In addition electricity is subsidized in Iraq which leads to increased demand 8 Due to a weak grid and institutional problems many consumers use small generators or rooftop solar panels 8 Gas editThis section needs expansion You can help by adding to it May 2023 Flaring is a problem 10 Policy editOil revenues are the major income in the economy of Iraq Based on data from BP at the end of 2009 the highest proved oil reserves including the non conventional oil deposits are in 1 Saudi Arabia 18 per cent of global reserves 2 Canada 12 mostly oil sands 3 Venezuela 12 mostly tar sands 4 Iran 9 and 5 Iraq 8 11 Oil prices edit Iraq is a member of OPEC The global oil and gas prices have been strongly influenced by political decisions and events For example the oil embargo 1967 and 1973 oil crisis during the 1970s the Iran Iraq War in the 1980s the Iraq Kuwait War in the 1990s and the Iraq War from 2003 11 Corruption risks edit Main article Corruption in Iraq One of the corruption risks is that the oil resources are publicly owned but often privately produced The complex system of licenses and fees may drive corruption incentives According to Transparency International Bribe Payers Index 2008 the oil and gas industry in general is highly vulnerable to 1 bribery of public officials and 2 undue influence on the legislative process and government policies IMF Working Paper confirms the relationship between oil rents and corruption Higher increases in oil rents tends to increase corruption and erode political rights Open Budget Survey 2008 by International Budget Partnership confirmed that the oil and gas dependent countries tend to be less transparent 12 See also editOil megaprojects 2011 References edit Iraq Countries amp Regions IEA Retrieved 2022 02 16 IEA Key World Energy Statistics Statistics 2015 Archived 2016 03 04 at the Wayback Machine 2014 2012R as in November 2015 Archived 2015 04 05 at the Wayback Machine 2012 as in March 2014 is comparable to previous years statistical calculation criteria 2013 Archived 2014 09 02 at the Wayback Machine 2012 Archived 2013 03 09 at the Wayback Machine 2011 Archived 2011 10 27 at the Wayback Machine 2010 Archived 2010 10 11 at the Wayback Machine 2009 Archived 2013 10 07 at the Wayback Machine 2006 Archived 2009 10 12 at the Wayback Machine IEA October crude oil p 11 coal p 13 gas p 15 Country Analysis Brief Iraq US Energy Information Administration 28 April 2016 Retrieved 6 May 2016 IEA Key statistics 2010 a b Irak huutokauppasi seitseman oljykenttaa permanent dead link yle 12 12 2009 a b Irak huutokauppaa oljykenttia yle 11 12 2009 Rasheed Ahmed 8 October 2009 Iraq signs deal with BP CNPC for Rumaila field Reuters a b c Iraq needs renewables but they won t solve its power problems without broader reforms Middle East Institute Retrieved 2023 05 05 Rebuilding Iraq PDF Report United States Government Accountability Office May 2007 p 34 Global Gas Flaring Tracker Report PDF Report March 2023 a b 2011 report on oil and gas companies Promoting revenue Transparency Archived 2011 06 02 at the Wayback Machine Transparency International 2011 page 113 2011 report on oil and gas companies Promoting revenue Transparency Archived 2011 06 02 at the Wayback Machine Transparency International 2011 page 117 nbsp Iraq portal nbsp Energy portal nbsp Wikimedia Commons has media related to Energy in Iraq Retrieved from https en wikipedia org w index php title Energy in Iraq amp oldid 1153886032, wikipedia, wiki, book, books, library,
