Iraq energy storage technology co ltd

What is the future of electricity supply in Iraq?

There are a number of pathways available for the future of electricity supply in Iraq but the most affordable, reliable and sustainable path requires cutting network losses by half at least, strengthening regional interconnections, putting captured gas to use in efficient power plants, and increasing the share of renewables in the mix.

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.

How has the turmoil impacted Iraq's power infrastructure?

But the turmoil has also undermined the country’s ability to maintain and invest in its power infrastructure. This report maps out immediate practical actions and medium-term measures to tackle the most pressing problems in Iraq’s electricity sector.

Why is there a power outage in Iraq?

Power outages in Iraq remain a daily occurrence for most households, as increasing generating capacity has been outrun by the increasing demand for electricity, spurred by greater cooling needs in the peak summer months.

How much oil does Iraq produce a day?

It also takes a detailed look at the country’s oil and gas sector, projecting that Iraq’s oil production will grow by 1.3 million barrels a day by 2030, becoming the world’s fourth-largest oil producer behind the United States, Saudi Arabia and Russia.