Iraq's energy sector is heavily based upon oil, with approximately 94 percent of its energy needs met with petroleum. In addition, crude oil export revenues accounted for over two-thirds of GDP in 2009.

3 天之前 · Iraq ranks second in OPEC oil production and has one of the largest oil and gas resources in the world. Its natural gas reserves, which are currently valued at $514 billion, reach 132 trillion ...

6 天之前 · On Sunday, Iraq’s Deputy Minister of Oil, Basim Khudair, announced the country’s goal to increase crude oil production to over 6 million bpd by 2028 or 2029. This expansion includes a new ...

4 天之前 · Iraq's Prime Minister, Mohammed S. Al-Sudani, oversaw the signing of a major agreement between the Iraqi Ministry of Oil and BP for the development and production of four key oil fields in Kirkuk. The contract covers the Kirkuk field (Baba and Avana domes), Bai Hassan, Jambur, and Khabbaz.

2025年1月21日 · Iraq has announced the discovery of a massive oil field expected to significantly increase the country’s hydrocarbon reserves, but Baghdad will face a number of challenges in its attempt to exploit the new resource.

4 天之前 · Iraq, on Wednesday, finalized a contract with the London-based oil major, BP, for the development and production of four Kirkuk oil fields. The project is a breakthrough for Iraq, where output has been constrained by years of war, corruption and sectarian tensions, and a cornerstone of BP’s drive to refocus on its oil and gas business and away from renewables, according to Reuters.

2024年11月10日 · 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 global production.

4 天之前 · The agreement is for an initial phase that includes oil and gas production of more than 3 billion barrels of oil equivalent. It includes the Baba and Avanah domes of the Kirkuk oil field and three adjacent fields in Federal Iraq – Bai Hassan, Jambur and Khabbaz – all of which are currently operated by the NOC.

2024年10月15日 · In 1908, the British-controlled Turkish Petroleum Company discovered oil in the Kirkuk region of northern Iraq, which later became part of the Iraq Petroleum Company (IPC). This discovery marked the beginning of Iraq’s significance in global oil markets.

2024年8月15日 · The biggest change in Iraq’s petroleum regulatory landscape in decades is being made to attract higher bids and more investments in its huge oil and gas reserves, government officials have told...