What is Iraq's refining capacity?

Iraq’s total operating refining capacity is about 1.2 million b/d.27 The Iraqi government plans to reduce petroleum product imports by rehabilitating the refining sector and building new refineries, but the government has struggled in its efforts to attract the foreign investment needed in the downstream sector.

How does the KRG make a profit after Iraq-to-Turkey pipeline closure?

Federal Iraq sends this volume to the refinery in Erbil for processing and local consumption.13 Following the Iraq-to-Turkey pipeline closure, the KRG has had a hard time making a profit and has received loans from Federal Iraq over the past several months to pay civil servant salaries.14

Is Iraq pursuing solar power goals?

65 Iraq Oil Report, “Iraq pursues solar power goals, but hurdles remain,” August 25, 2022; Middle East Economic Survey, “Baghdad Approves Solar Projects”, June 2, 2023; Middle East Economic Survey, “Iraq’s 2030 ‘Sustainable Transition’ Plan: Gas & Renewables To The Fore”, December 3, 2021.

Does Iraq still use oil?

Iraq will continue to mostly use oil to meet energy demand until it develops more natural gas processing capacity and pipeline infrastructure. Federal Iraq refers to the political entity that is governed by the central government of Iraq in Baghdad.

Does Iraq approve a $153 billion budget?

Ahmed Rasheed and Timour Azhari, Reuters, “Iraq approves record $153 billion budget including big public hiring,” June 11, 2023. International Monetary Fund, 2022 Article IV Consultation with Iraq, February 2023, Table 2, page 27. U.S. Energy Information Administration, OPEC Revenues Factsheet, June 2023.

Will Iraq launch a 1,000 MW solar project in 2023?

72 Zawya, “Total set to launch 1,000 MW power project in Iraq,” June 6, 2023; Middle East Economic Survey, “TotalEnergies Becomes Iraq’s Key Foreign Player With Closure Of $27bn Megadeal”, July 14, 2023; Middle East Economic Survey, “Baghdad Approves Solar Projects”, June 2, 2023.