Energy, Oil & Gas Policy – Iraqi Economists Network

How Much Iraqi Oil Is Significant?

How Much Iraqi Oil Is Significant? Ahmed Abdulhameed Al-Jibawi Introduction: Iraq has the fourth largest proven crude oil reserves in the world with more than 145 billion barrels, which represents about 9.24% of the total proven reserves globally. Iraq produced 4.118 mbpd of crude oil in 2023 as the fifth top country in the world, which accounted for about 5.62% of the

Russia-aligned Iraq has awarded the development of a crucial gas field to a Ukrainian firm. The importance of the Akkas gas field for Russia, Iran, and China can barely be overstated. The Akkas field is one of three big gas sites that form a skewed triangle across southern Iraq. So strategically vital to Russia, Iran, and China is the Akkas gas field i

By outlining a strategy for the Mutually Beneficial Joint Development and Monetization of Gas Fields and Energy Resources in the North of Iraq, in partnership with the Kurdistan Region of Iraq, vision regarding reconciliation and a constructive settlement of differences between the Kurdistan Regional Government and the Federal Government of Iraq in relation to the management of

Shipping is one of many sectors where Iraq is still playing catch-up after decades of conflict. To this end, the Iraqi Oil Tankers Company (IOTC) recently added a new oil products tanker to its small fleet. Its vessels mostly operate within Iraqi waters, shuttling heavy fuel oil from two ports in the south of the country. The Sumer, a medium range ship with 31,000 deadwe

By Eurasianet - Oct 14, 2023, 10:00 AM CDT Turkmenistan is in discussions to export up to 10 billion cubic meters of gas to Iraq in a three-way swap deal involving Iran. Efforts are ongoing to advance the trans-Afghanistan TAPI gas pipeline, with Pakistan keen on deepening energy cooperation. Domestically, Turkmenistan continues to invest in the development