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Iraq Investment Map2020-2021

A Glance at Iraq's Economy

Iraq's economy has showed a good performance for the years 2018-2019, since it varies
in its natural, human, and spatial resources. In addition, it has a healthy economic
structure. Given all that, it represents a very suitable environment for investments. The
following economic, developmental, and social indications support such argument:

Oil Sector

 Oil plays a vital role in the development of Iraq's economy as it contributes to
GDP about 56% in fixed prices for the year 2018, (according to primary
estimation of the five- year plan 2018-2022) and more than 90% of financial
revenues.
 Oil sector has achieved a daily production of 4.401 m bpd in 2018 while it was
4.469 m bpd in 2017.
 Gas proven reserves is 132.9f³ trillion.
 Iraq has large potentials and competitive experience in sulfur-related industries. It
also produces significant amounts of nitrogen fertilizers and phosphate.
 The daily average of oil exports for 2018 (3.836) million barrels / day
 The daily average of oil exports for 2017 (3.802) million barrels / day
 fixed oil reserves (146.9) million barrels

Table (1)

Oil Sector Indications

Fixed Oil Reserves 1/1/2018 146.9 Billion barrel

Fixed Gas Reserves 1/1/2018 132.9 trillion cubic feet (TCF)

The daily average of oil production for 2017 4.469 m bpd

The daily average of oil production for 2018 4.401 m bpd

The daily average of oil exports for 2017 (3.802) m bpd

The daily average of oil exports for 2018 (3.836) m bpd

Target crude oil 2019 5.000 thousand barrels

Target crude oil 2020 5.000 thousand barrels

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