Related Articles
Bazerkan oil field, south of Baghdad
Forward article link
Share PDF with colleagues

Gas at the heart of Iraq’s transition

While oil has grabbed the headlines for Iraq, tapping its gas potential could transform the country’s economic fortunes

Iraq is a global oil giant, home to c.144bn bl of recoverable reserves, based on a conservative recovery factor of 17-29pc. But it also has the potential to be a gas player of international significance if it can overcome challenges to unlocking this opportunity. Given it provides more than 90pc of government funding, it is no surprise that the export of the vast majority of Iraq’s c.5mn bl/d of oil production attracts greater attention. It is also entirely understandable—with this budget centrality—that Baghdad has ambitions to increase output to 8mn bl/d by 2027. There remain large swathes of the country that are underexplored. And the government is recalculating its recoverable reserve



{{ error }}
{{ comment.comment.Name }} • {{ comment.timeAgo }}
{{ comment.comment.Text }}
Also in this section
Energy transitions for a sustainable future
1 December 2021
The challenge of meeting global energy demand while hitting net-zero targets will be at the core of this year’s World Petroleum Congress
Letter from Canada: Time for Biden to end hypocrisy
30 November 2021
The US president talks the talk on urgent decarbonisation, but cannot ignore bilateral midstream dispute between Michigan and Canada
Pre-salt fuelling Petrobras’ upstream ambitions
30 November 2021
The offshore region is poised to significantly ramp up production as more midstream gas infrastructure reaches startup and divestments keep coming
Sign Up For Our Newsletter
Project Data
PE Store
Social Links
Social Feeds
Featured Video