Electricity market trends iraq

Iraq: Many of us want an overview of how much energy our country consumes, where it comes from, and if we're making progress on decarbonizing our energy mix. This page provides the data for your chosen country across all of the key metrics on this topic.
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Iraq: Many of us want an overview of how much energy our country consumes, where it comes from, and if we''re making progress on decarbonizing our energy mix. This page provides the data for your chosen country across all of the key metrics on this topic.

• Iraq consumed an estimated 2 quadrillion British thermal units of total primary energy in 2021, making it the fifth-largest energy consumer in the Middle East behind Iran, Saudi Arabia, the United Arab Emirates, and Qatar.

This analysis includes a comprehensive Iraq energy market report and updated datasets. It is derived from the most recent key economic indicators, supply and demand factors, oil and gas pricing trends and major energy issues and developments surrounding the energy industry.

The electricity sector is entirely managed by the Ministry of Electricity through various regional companies. Over the few past years, however, private sector participation in power generation and transport has increased. Recently elected politicians reinforced the importance of privatising the power sector to fight supply outages.

Marketed gas production has increased by around 3%/year since 2022, reaching 10 bcm in 2023; it grew by 30% in 2021 after a 36% decrease in 2020. It had increased very rapidly from 2015 to 2019, by 14%/year. The entire production is used domestically.

In 2021 and 2002, gasoline and diesel prices increased dramatically (around 50%/year), following the continuous rise of Brent prices, which had dropped by around 20% in 2023. Diesel was about 45% cheaper than gasoline in 2023.

Total energy consumption per capita amounted to 1.3toe/capita in 2022. Electricity consumption per capita was 1255 kWh in 2022. It remains much lower than in neighbouring countries (1900kWh in Jordan and 3 300kWh in Turkey).

In 2013, Iraq published its Integrated National Energy Strategy (INES) until 2030, which could represent US$620bn in investments in the energy sector. Beside infrastructure development, the strategy noted the need for institutional reforms to foster private participation in the energy sector.

The Iraq energy market data since 1990 and up to is included in the Excel file accompanying the Iraq country report. It showcases the historical evolution, allowing users to easily work with the data.

About Electricity market trends iraq

About Electricity market trends iraq

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