DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/484d17/iraq_oil_and_gas_r) has announced the addition of the "Iraq Oil and Gas Report Q4 2011" report to their offering.
Iraqi real GDP rose by an estimated 2.9% in 2010, and we are forecasting average annual growth of 5.7% in 2010-2015. We expect oil demand of an estimated 720,000b/d in 2011 to rise to 893,000b/d in 2015, depending on investment in infrastructure and the development of domestic production. Liquids production is set to rocket to as much as 6.2mn b/d by 2015 from an estimated 2.72mn b/d in 2011, although infrastructure development is key. Liquids output is set to 7.97mn b/d by 2020 with consumption at around 1.14mn b/d by that year.
Gas consumption is set to grow from 1.6bcm to 21.6bcm in 2011-2015, pending project progress at the Basra Gas joint venture and development of non-associated fields. Gas production will grow at a slightly higher rate, and we see pipeline gas exports from 2013. Gas production is set to grow to as much as 33bcm by 2020, with consumption at around 28bcm by that year.
We forecast that Iraq will account for 10.23% of Middle East regional oil demand by 2015, while providing 20.81% of supply. Iraq's estimated share of regional gas consumption in 2010 will have been 1.44%, while its share of production is put at 1.08%. By 2015, its share of gas consumption is forecast to be 4.67%, with the country accounting for 4.3% of supply.
Read more inside Iraq Oil and Gas Report Q4 2011
Companies Mentioned:
- China National Petroleum Corporation (CNPC)
- Royal Dutch Shell
- Addax Petroleum
- DNO International
- Heritage Oil
- Gulf Keystone Petroleum
- BP
- Eni - Summary
- ExxonMobil
- Lukoil
- Gazprom Neft
- MOL
- Pearl Petroleum
- Trkiye Petrolleri Anonim Ortakligi (TPAO)
- Marathon Oil
- Murphy Oil
- Repsol YPF
- Others
For more information visit http://www.researchandmarkets.com/research/484d17/iraq_oil_and_gas_r