DC Green Scene

Iraq is already the world’s third-largest oil exporter. It has the resources and intention to increase its oil production vastly. Contracts are already in place. Will Iraq’s ambitions be realized? And what would the implications be for Iraq’s economy and for world oil markets? The obstacles are formidable: political, logistical, legal, regulatory, financial, lack of security and sufficient skilled labor. One example: in 2011, grid electricity could meet only 55% of demand.

The International Energy Agency has studied these issues with the support and close co-operation of the government of Iraq and many other leading officials, commentators, industry representatives and international experts. The report examines the role of the energy sector in the Iraqi economy today and in the future, assesses oil and gas revenues and investment needs, provides a detailed analysis of oil, gas and electricity supply through to 2035, highlighting the challenges of infrastructure development and water availability, and spells out the associated opportunities and risks, both for world oil markets and for Iraq’s economy and energy sector.

CONTACT

Energy and National Security Program

energy@csis.org

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