Iraq Energy Outlook

A Special Report from the International Energy Agency
  • Monday, Oct 22, 2012
  • featuring

    Dr. Fatih Birol
    Chief Economist, IEA

    with introductory remarks by

    His Excellency Jabir Habeb
    Ambassador, Embassy of Iraq

    The CSIS Energy and National Security Program was pleased to host Dr. Fatih Birol, Chief Economist and Director of Global Energy Economics at the IEA, to present highlights from the IEA’s recent World Energy Outlook Special Report, the Iraq Energy Outlook.

    Iraq is already the world’s third-largest oil exporter. It has the resources and intention to increase its oil production vastly. Contracts are already in place.Will Iraq’s ambitions be realised? And what would the implications be for Iraq’s economy and for world oil markets? The obstacles are formidable: political, logistical, legal, regulatory, financial, lack of security and sufficient skilled labour. One example: in 2011, grid electricity could meet only 55% of demand. 
    The International Energy Agency has studied these issues with the support and close co-operation of the government of Iraq and many other leading officials, commentators, industry representatives and international experts.  The report examines the role of the energy sector in the Iraqi economy today and in the future, assesses oil and gas revenues and investment needs, provides a detailed analysis of oil, gas and electricity supply through to 2035, highlighting the challenges of infrastructure development and water availability, and spells out the associated opportunities and risks, both for world oil markets and for Iraq’s economy and energy sector.  



B1 Conference Room
Center for Strategic and International Studies
1800 K Street, NW
Washington DC, 20006

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