Key Market Indicators
Iraq's energy consumption is expected to reach 2.5 exajoules by 2026, growing by 1.9% annually since 1970. In 2021, the country ranked 36th in the world, behind Belgium's 2.1 exajoules. The United States, India and Russia placed second, third and fourth, respectively. Iraq's energy supply is expected to reach 64 million tonnes of oil equivalent by 2026, increasing on average by 2.2% annually since 1976. In 2021, Iraq ranked 34th in the world, behind the United Arab Emirates' 55.2 million tonnes of oil equivalent. The United States, India and Russia placed second, third and fourth, respectively.
Iraq Energy Market Data and Forecasts
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