Key Market Indicators
Iraqi energy consumption is projected to hit 2.5 exajoules by 2028, a rise from the 2.3 exajoules recorded in 2023. This marks a growth rate of approximately 1% annually. Since 1970, Iraq's energy demand has seen a yearly increase of 1.4%. In 2023, the country was ranked 35th globally in terms of energy consumption. Ukraine overtook Iraq, also recording 2.3 exajoules for the year. The top three nations in the energy consumption ranking for 2023 were the United States, India, and Russia, respectively.
