Iraq Oil and Gas Report Q1 2016

Date: December 2, 2015
Pages: 104
US$ 1,295.00
Report type: Strategic Report
Delivery: Download

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Includes 3 FREE quarterly updates

BMI View: Powerful oil production growth realised in 2015 will come to an abrupt slowdown over the coming years as lower oil prices subdue the governments' ability to reimburse development costs. Natural gas imports from Iran from 2016 will play a significant role in meeting pent up demand from the power sector.

We highlight the following trends and developments in Iraq's oil and gas sector:
  • We have revised up our Iraq oil production forecast for 2015 to 3.8mn b/d, but have lowered output growth in subsequent years.
  • This is due to the government's limited ability to pay for development costs with increased military and humanitarian expenditure in a lower oil price environment.
  • The government has requested companies to reduce costs in field development plans, with billions of dollars of investment yet to be approved for 2016.
  • We have revised down our 2015 and 2016 natural gas production forecast on inconsistent output from new developments in the region of Kurdistan.
BMI Industry View
  Table: Headline Forecasts (Iraq 2013-2019)
Oil & Gas SWOT
Industry Forecast
Upstream Exploration
Latest Updates
Structural Trends
  Table: Kurdistan Blocks And Operator
Upstream Projects
  Table: Iraq - Major Upstream Projects
Upstream Production - Oil
Latest Updates
Structural Trends
  Table: Basra Split Boosts Output
  Table: Oil Production (Iraq 2013-2018)
  Table: Oil Production (Iraq 2019-2024)
Upstream Production - Gas
Latest Updates
Structural Trends
  Table: Gas Production (Iraq 2013-2018)
  Table: Gas Production (Iraq 2019-2024)
Latest Updates
Structural Trends
  Table: Refining Capacity and Refined Products Production (Iraq 2013-2018)
  Table: Refining Capacity and Refined Products Production (Iraq 2019-2024)
Refined Fuels Consumption
Latest Updates
Structural Trends
  Table: Refined Products Consumption (Iraq 2013-2018)
  Table: Refined Products Consumption (Iraq 2019-2024)
Gas Consumption
Latest Updates
Structural Trends
  Table: Gas Consumption (Iraq 2013-2018)
  Table: Gas Consumption (Iraq 2019-2024)
Trade - Oil
Latest Updates
Crude Export Outlook
Structural Trends
  Table: Crude Oil Net Exports (Iraq 2013-2018)
  Table: Crude Oil Net Exports (Iraq 2019-2024)
Refined Fuels Trade Outlook
Structural Trends
  Table: Refined Fuels Net Exports (Iraq 2013-2018)
  Table: Refined Fuels Net Exports (Iraq 2019-2024)
Trade - Gas (Pipeline And LNG)
Latest Updates
Structural Trends
  Table: Gas Net Exports (Iraq 2013-2018)
  Table: Gas Net Exports (Iraq 2019-2024)
Industry Risk Reward Index
Middle East Oil & Gas Risk/Reward Index
  Table: BMI's Middle East Oil & Gas Risk/Reward Index (RRI)
Index Resilient In Lower Price Environment
  Table: Middle East Upstream Oil & Gas Risk/Reward Index
Limited Opportunities Downstream
  Table: Middle East Downstream Oil & Gas Risk/Reward Index
Iraq - Risk/Reward Index
Market Overview
Iraq Energy Market Overview
Regulatory Structure
Fiscal Regime
  Table: Federal Government Technical Service Agreements
  Table: KRG Production Sharing Agreements
Licensing Regime
Licensing Rounds
  Table: Fields Licensed Under First Bidding Round (June 2009)
  Table: Fields Licensed Under Second Bidding Round (December 2009)
  Table: Fields Licensed Under Third Bidding Round (October 2010)
Oil And Gas Infrastructure
Oil Refineries
  Table: Iraqi Refineries
  Table: Planned Refineries In Iraq
Oil Terminals/Ports
Oil Pipelines
  Table: Major Iraqi Pipelines
Gas Pipelines
Competitive Landscape
Competitive Landscape Summary
Company Profiles
Other Summaries
Regional Overview
Middle East Oil & Gas Regional Overview
Oil Production: Expansion Projects March On
Oil Consumption: Subsidies Hide Weaker Price Impact, But Push Demand Growth
Refining Capacity: Mega Refineries Outcompete In Oversupplied Market
Gas Production: In Needed Of More Gas
Gas Consumption: Switch To Gas Power Will Boost Demand
  Table: Middle East Oil & Gas Production, Refining Capacity & Trade
  Table: Glossary Of Terms
Industry Forecast Methodology
Risk/Reward Index Methodology
  Table: Bmi's Oil & Gas Upstream Risk/Reward Index
  Table: Weighting
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