Iraqi energy storage concept

Does Iraq have a long-term energy plan?

As part of Iraq's long-term energy plan, the country has established long-term goals for the renewable energy regulatory framework, which should be at the center of the country's overall long-term energy strategy. Supporting environmentally sustainable technologies.

Will depleted energy continue to be Iraq's primary energy source?

We examine the notion that depleted energy would continue to be Iraq's primary energy source, especially about gas, and that oil derivatives may be dispensed with as fuel for power plants. The research suggests that renewable energy will play a complementary role to gas in the foreseeable future.

Can a green hydrogen-based energy system help Iraq achieve sustainable economic resilience?

The study investigates the potential of transitioning Iraq, a nation significantly dependent on fossil fuels, toward a green hydrogen-based energy system as a pathway to achieving sustainable economic resilience. As of 2022, Iraqi energy supply is over 90% reliant on hydrocarbons, which also account for 95% of the country foreign exchange earnings.

How much energy does Iraq need?

Iraq's gas-to-energy strategy necessitates an investment of more than $44 billion over the next five years. It has been projected that the country needs 24,000 megawatts of power and approaches 30,000 during peak times in the summer, but Iraq now generates just 16,000 megawatts.

How has Iraq's energy system changed over the years?

This has introduced a number of vulnerabilities to Iraq’s energy system. For example, payment issues last summer led to Iran cutting exports, significantly exacerbating electricity shortages in Iraq during peak seasonal demand. As oil production has soared, so has the amount of associated gas produced alongside.

Why is Iraq's energy system vulnerable?

However the capacity to capture and process this gas has not kept pace. The inability to utilise its gas riches means that the country's gas deficit has grown, and Iraq now relies on imports from Iran to meet increasing demand. This has introduced a number of vulnerabilities to Iraq’s energy system.