Iraq new energy and energy storage

How can Iraq address its current electricity shortfall & growing power needs?

BAGHDAD – Iraq, one of the world's biggest energy producers, can address its current electricity shortfall and growing power needs through immediate action to relieve pressure on the system, according to an in-depth report published Thursday by the International Energy Agency.

What is Iraq's energy supply like in 2022?

As of 2022, Iraqi energy supply is over 90% reliant on hydrocarbons, which also account for 95% of the country foreign exchange earnings. The global energy landscape is rapidly shifting towards cleaner alternatives, and the volatility of oil prices has made it imperative for the country to diversify its energy sources.

Can a green hydrogen-based energy system help Iraq achieve sustainable economic resilience?

The study investigates the potential of transitioning Iraq, a nation significantly dependent on fossil fuels, toward a green hydrogen-based energy system as a pathway to achieving sustainable economic resilience. As of 2022, Iraqi energy supply is over 90% reliant on hydrocarbons, which also account for 95% of the country foreign exchange earnings.

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.

Does Iraq have a good oil industry?

The IEA has worked closely with the Iraqi Ministries of Oil and Electricity to produce the report, and would like to thank the ministers and their staff for their cooperation with this study. “Operating under extremely challenging circumstances, Iraq has done a remarkable job expanding its oil industry,” said Dr Birol.

What is Iraq's projected hydrogen energy demand?

Figure 9 represents Iraqi projected hydrogen energy demand for the country using two model equations labelled as equations (1), (2) According to the simulated results, Iraq projected hydrogen energy demand shows a progressive increase over time. In 2025, the projected demand stands at 3.39 million tonnes per year.