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It is worth pointing out that the region of Kurdistan, in its current borders, possesses 5 oil fields, including the Khurmala dome, which is the northern extension of Kirkuk field. These fields contain about 3.1 billion barrels, with daily production capacity estimated at 375,000 barrels a day.
The majority of Iraq's proven reserves of oil comes from the following cities: Basra (Being #1), Baghdad (Being #2), Ramadi (Being #3), and finally, Ba'aj (Being the last oil rich city). [3] A measure of the uncertainty about Iraq's oil reserves is indicated by widely differing estimates.
Iraq exports four grades of crude oil: Basra Heavy, Basra Medium, Basra Light, and Kirkuk. Iraq introduced the Basra medium grade in January 2021 as a result of Iraq’s rising production from heavier crude oil fields that compromised the grade of Iraq’s light crude oil.
At nearly 131 trillion cubic feet (Tcf), Iraq’s proved natural gas reserves at the end of 2022 were the 12th largest in the world. 43 Most of Iraq’s natural gas reserves are associated with oil, and most of the associated natural gas is in large oil fields in southern Iraq. 44 Although Iraq has sizeable natural gas reserves, regulatory and ...
30 Ιουν 2023 · Revised June 2023, this map illustrates Iraq's oil and gas infrastructure. The locations of onshore and offshore oil and gas fields and pipelines are marked alongside associated infrastructure including oil refineries, gas processing plants, tanker terminals and LNG facilities.
28 Σεπ 2022 · increases in oil prices in 2022 and higher crude oil production in Iraq, following the reversal of the OPEC+ agreement cuts, will significantly increase Iraq’s oil export revenues and offset some of the cost inflation of petroleum products and other goods and services.
Two-thirds of Iraq's natural gas resources are associated with oil fields including, Kirkuk, as well as the southern Nahr Bin) Umar, Majnoon, Halfaya, Nassiriya, the Rumaila fields, West Al-Qurnah, and Zubair. Just under 20 percent of known gas reserves are non-associated; around 10 percent is salt dome gas.
