Iraq base station energy storage

Does Iraq approve a $153 billion budget?

Ahmed Rasheed and Timour Azhari, Reuters, “Iraq approves record $153 billion budget including big public hiring,” June 11, 2023. International Monetary Fund, 2022 Article IV Consultation with Iraq, February 2023, Table 2, page 27. U.S. Energy Information Administration, OPEC Revenues Factsheet, June 2023.

How much natural gas does Iraq produce?

About two-thirds of Iraq’s natural gas output is associated natural gas, which is a byproduct of oil production.45 Production cuts from Iraq’s oil fields in early 2020, following the OPEC+ agreement, lowered associated natural gas output as well, and natural gas output was around 260 billion cubic feet per year (Bcf/y).

How has war affected Iraq's power infrastructure?

Despite the extraordinary challenges of war in recent years, Iraq has made impressive gains, nearly doubling the country’s oil production over the past decade. But the turmoil has also undermined the country’s ability to maintain and invest in its power infrastructure.

Will Iraq's oil production increase if water availability increases?

One impeding barrier is the availability of water, as planned oil production will require a level of water production above what has been achieved so far. Assuming an increase in water availability, Iraq’s production to 2030 grows by around 1.3 mb/d, making it the third largest contributor to global oil supply in that time.