Iraq Special Report Including Dataset
- Published Date: April-2016
- Number of Pages: 50
Iraq is home to a conservatively-estimated 143 billion barrels of proven crude oil reserves – the world’s fifth largest – plus the 12th largest proven natural gas reserves at almost 112 trillion cubic feet (3.17 trillion cubic metres).
Like all frontier markets, the country’s hydrocarbons sector development plans are subject to frequent change. This is exacerbated in Baghdad’s case by ethnic tensions and the activities of the militant Islamic state group in the region. In addition, oil production is capped by infrastructure bottlenecks and the government’s lack of funds to drive field development. Once all of the pieces click into place though, oil production could rival – or even exceed Saudi Arabian levels.
As it stands, Iraq’s crude oil production has grown by 950,000 barrels per day since 2010, increasing from almost 2.4 million bpd to nearly 3.4 million bpd on average in 2014, making it the second largest crude oil producer in OPEC. With Baghdad in the process of re-negotiating its oil contracts, and billions of dollars of investments required in the country’s up-, mid- and downstream sectors if it is to even come close to achieving its production targets, Iraq boasts a wealth of opportunity.
Our updated Special Report includes analysis of export expansion opportunities as well as our Iraq oilfield dataset with NewsBase Research’s forecast for Iraqi oil output during 2015-2035.
This data focuses on: oil supply, major oil fields, oil demand, oil exports and infrastructure, power and economy.
Table of Contents:
Iraq: the last great oil frontier
- KRG and SOMO’s uneasy relationship at key inflection point
- Iraq to follow Iran’s lead in renegotiating contracts
- Iraq and the IOCs: tracking down the problem in payments
- Iraq looks to bolster capital markets as problems sap funds
- Quick supply increases still in focus for Baghdad
- ThiQar: Gharraf moves ahead
- West Qurna
- Remedying infrastructure constraints takes top priority
- Iraqi export expansion plans hampered by pipeline politics
- Baghdad selling discount oil to safeguard against KRG progress
- Forecasting Iraq: NewsBase vs. the IEA bears
- Iraq: an overview of the petroleum provinces
- Oil Supply
- Major Oil Fields
- Oil Demand
- Oil Exports and Infrastructure
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