Iraq Industrial Energy Storage Project

What is the future of electricity supply in Iraq?

The future of electricity supply in Iraq can be achieved through several pathways, but the most affordable, reliable, and sustainable approach involves reducing network losses by at least half, strengthening regional interconnections, utilizing captured gas in efficient power plants, and increasing the share of renewables in the energy mix.

How has war impacted Iraq's power infrastructure?

While Iraq has made impressive gains in oil production, the turmoil of recent wars has undermined the country’s ability to maintain and invest in its power infrastructure. Despite these challenges, Iraq has nearly doubled its oil production over the past decade.

What is a key barrier to increased Iraqi oil production?

One impeding barrier to increased Iraqi oil production is the availability of water, as planned oil production will require a level of water production above what has been achieved so far. The increase in Iraqi oil production capacity over the last decade has been impressive, yet there are a number of challenges facing the sector going forward.

Where does Iraq import gas from?

Iraq now relies on imports from Iran to meet increasing demand. The inability to utilise its gas riches means that the country's gas deficit has grown, and as oil production has soared, so has the amount of associated gas produced alongside.

What are the challenges facing Iraqi oil production?

While Iraqi oil production capacity has increased significantly over the last decade, several challenges lie ahead. One major challenge is the availability of water, as planned oil production will require more water than has been produced so far.

What is Iraq's current daily oil production?

The report projects that Iraq’s oil production will grow by 1.3 million barrels a day by 2030, becoming the world’s fourth-largest oil producer.