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
Jera plans winter LNG stock build
26 November 2021
The Japanese LNG buyer is looking to avoid a repeat of last year’s supply crunch
Basra-Aqaba pipeline talks hint at conclusion
26 November 2021
Nearly 30 years since the original agreement, Iraq’s route to the Red Sea may be in sight
Delta goes private with Vietnamese LNG project
25 November 2021
The firm’s LNG-to-power development will be the first in Vietnam to be fully privately owned
Sign Up For Our Newsletter
Project Data
PE Store
Social Links
Social Feeds
Featured Video