Iraq domestic energy storage box processing

What is Iraq's refining capacity?

Iraq’s total operating refining capacity is about 1.2 million b/d.27 The Iraqi government plans to reduce petroleum product imports by rehabilitating the refining sector and building new refineries, but the government has struggled in its efforts to attract the foreign investment needed in the downstream sector.

Does Iraq have a gas project?

East Economic Survey, “Iraq’s Akkas Gas Project: Halliburton Closes In On Appraisal Drilling Deal”, April 22, 2022. Survey, “Iraqi Awards Mansuriya Gas Field To Sinopec”, April 23, 2021; Iraq Oil Report, “Iraq finalizes Mansuriya contract for next government”, January 21, 2022.

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 electricity does Iraq generate a year?

Iraq’s net electricity generation grew by an annual average of about 7% each year between 2010 and 2020, reaching an estimated 92 terawatthours (TWh) (Figure 5).

Does Iraq sign a $27bn energy deal with totalenergies?

26 ArgusMedia, “Iraq signs $27bn energy deal with TotalEnergies”, September 5, 2021; Rystad, “TotalEnergies breaks the mould with $27 billion deal in Iraq”, September 14, 2021. 27 Facts Global Energy, Middle East Oil Databook 4, Middle East Refined Product Balances, Spring 2022. 28 Joint Oil Data Initiative (accessed May 2022). June 17, 2022.

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).