Iraq s new energy storage technology

Will IEA support Iraq's Energy reforms?

As Iraq’s newly formed government begins to tackle the long list of considerable challenges it faces, the IEA stands ready to support the country in its efforts to enact the reforms that will help its energy sector – and its economy – meet its vast potential.

How much energy does Iraq use?

Iraqi energy consumption witnessed fluctuations and a gradual increase from 2010 to 2021, as depicted in figure 2. The energy consumption in 2010 stood at 129.7 terawatt-hours (TWh). Over the next few years, there was a steady rise, with consumption reaching 139.5 TWh in 2011 and 146.9 TWh in 2012.

Should Iraq rely on state financing for energy projects?

There has scarcely been a more urgent time for Iraq to pursue crucial reforms in its energy sector to ensure that investment continues even when government revenues have been decimated by low oil prices. The alternative of continuing to rely on direct state financing of large projects only increases the risk that these projects are delayed.

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 has war affected Iraq's power infrastructure?

Despite the extraordinary challenges of war in recent years, Iraq has made impressive gains, nearly doubling the country’s oil production over the past decade. But the turmoil has also undermined the country’s ability to maintain and invest in its power infrastructure.

Should Iraq rethink its economic reform strategy?

The current oil market dynamics suggest that it would be unwise to base an economic reform strategy on hopes that oil prices will recover imminently. There are a limited number of policy levers that Iraq can pull to shore up its current position. Electricity subsidies cost the state around USD 12 billion per year.