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Iraq's Key Energy Statistics world rank
Total Primary Energy Production
2014
7.235
Quadrillion Btu
16
Total Primary Energy Consumption
2014
1.775
Quadrillion Btu
41
Crude Oil Proved Reserves
2014
140
Billion Barrels
5
Total Petroleum and Other Liquids Production
2014
3,363
Thousand Barrels Per Day
8
Vented and Flared Natural Gas
2014
455
Billion Cubic Feet
4
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Analysis - Energy Sector Highlights Last updated: April 28, 2016

  • Iraq is OPEC's second-largest crude oil producer and holds the fifth-largest proved crude oil reserves in the world.
  • Iraq holds 18% of proved crude oil reserves in the Middle East and almost 9% of total global reserves. Most of Iraq's major known oil fields are producing or in development, although much of its known hydrocarbon resources have not been fully exploited.
  • In 2015, India was the largest importer of Iraqi crude oil, importing slightly more than China. About 85% of Iraq's crude oil exports came from the country's southern export terminals along the Persian Gulf in 2015, which export Iraq's Basra light and heavy crude grades.
  • Iraq was the world's fourth-largest natural gas-flaring country in 2014, as more than half of its gross natural gas production was flared. Iraq is taking steps to reduce flaring and instead use its natural gas resources more for power generation and for reinjection into wells to enhance oil recovery.
  • While Iraq has increased its electricity generation capacity over the past few years, electricity generation expansion has slowed because of the economic crisis in the wake of the war against ISIL and low oil prices. Continued expansion is essential, particularly for the summer months when peak demand can exceed generation by almost 50%.

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Data