Iraq: Election to Make or Break Upstream Progress

Initial Iraqi election results point towards a stronger than anticipated result for incumbent Prime Minister Mohammed Shia al-Sudani’s Reconstruction and Development Party. However, al-Sudani is far from guaranteed another term in office. As part of this in-depth report, Energy Intelligence sees the positive momentum currently enjoyed by the upstream sector facing key uncertainties. More attractive fiscal terms and political stability will enhance Iraq’s investment appeal, but long-delayed upgrades to midstream infrastructure will be critical to a wider revitalization. TotalEnergies and BP deals have included both gas capture and power projects, supporting Iraq’s rapidly growing demand.

Key contents of the report:
• Crude output dynamics
• Key investment risks
• Fiscal term improvements
• Recent deals with Western majors
• Midstream and other infrastructure developments
• Domestic demand outlook
• List of major producing fields, capacity, operator and partners