Iraq outdoor energy storage power price trend

Is Iraq pursuing solar power goals?

65 Iraq Oil Report, “Iraq pursues solar power goals, but hurdles remain,” August 25, 2022; Middle East Economic Survey, “Baghdad Approves Solar Projects”, June 2, 2023; Middle East Economic Survey, “Iraq’s 2030 ‘Sustainable Transition’ Plan: Gas & Renewables To The Fore”, December 3, 2021.

What percentage of Iraq's electricity comes from natural gas?

Nearly all (about 98%) of Iraq’s electricity generation is from oil and natural gas.62 Natural gas use in the electric power sector increased after 2016 because Iraq began importing natural gas from Iran to increase its own supplies. Hydroelectricity accounts for most of the remaining share of electricity production.63

What is Iraq's refining capacity?

Iraq’s total operating refining capacity is about 1.2 million b/d.27 The Iraqi government plans to reduce petroleum product imports by rehabilitating the refining sector and building new refineries, but the government has struggled in its efforts to attract the foreign investment needed in the downstream sector.

Will Masdar build a solar power plant in Iraq?

74 Zawya, “Masdar to build 4 solar power plants in Iraq,” June 28, 2022; Reuters, “Iraq and UAE's Masdar sign a 1 thousand megawatts solar power contract – INA,” October 6, 2021. 75 Arab News, “ACWA Power to develop 1,000 MW solar plant in Iraq,” April 17, 2023. 76 Vortexa tanker tracking (accessed August 2023).

When will Iraq-Jordan Power Link start production?

August 25, 2023; Ahmed Tolba and Hatem Maher, Reuters, “Jordan, Iraq power link to start production on July 1,” May 27, 2023; Jordan News, “Energy minister announces Iraq-Jordan power link completion by August,” June 18, 2023; Middle East Economic Survey, “Jordan-Iraq Power Supplies Set To Start,” June 2, 2023.

Does Iraq approve a $153 billion budget?

Ahmed Rasheed and Timour Azhari, Reuters, “Iraq approves record $153 billion budget including big public hiring,” June 11, 2023. International Monetary Fund, 2022 Article IV Consultation with Iraq, February 2023, Table 2, page 27. U.S. Energy Information Administration, OPEC Revenues Factsheet, June 2023.