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Iraq Investment Map 2020-2021 87
Oil & Gas Indicators
Fixed oil reserves 1 Jan. 2018 146.9 billion barrel
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Fixed gas reserves 1 Jan. 2018 132.9 Trillion Cubic Feet (TCF)
Daily average of oil production 4.469 m bpd
2017
Daily average of oil production 4.401 m bpd
2018
Daily average of oil exports for 3.802 m bpd
2017
Daily average of oil exports for 3.836 m bpd
2018
Target crude oil capacity 2019 5.000 thousand barrel
Target crude oil capacity 2020 5.500 thousand barrel
Source: Iraqi MoO- Planning & Studies Office, according to letter no: 961 in Jan.9 2019
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Oil:
There are 146.9 billion barrels of fixed reserves in Iraq discovered in 71 fields , 27 of
which are developed and %75 of the fixed reserves concentrated in many major fields in
the south east of the country near the Iraqi border with Kuwait and Iran. An additional %20
is located in the northern part of the country near Kirkuk.
Gas:
Iraq is similarly rich in natural gas, with 132.9 TCF in proven reserves.
