Energy in Iraq
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Energy in Iraq plays a crucial role in both the national economy and the global energy markets due to the country's vast oil reserves and significant status within the Organization of the Petroleum Exporting Countries (OPEC). [2]
Iraq holds abundant oil and gas resources and has strong solar PV potential. Its production to 2030 is set to be the third largest contributor to global oil supply. By the same year, the government expects that renewable capacity will amount for 5% of the country’s total system capacity. These developments highlight Iraq's efforts to diversify its energy sources and enhance its energy security, while still significantly contributing to the global oil market.[3][2]