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Iraq Oil and Gas Report Q2 2015

Iraq Oil and Gas Report Q2 2015

BMI View: A stark improvement in relations between Erbil and Baghdad has enabled oil exports fromCeyhan to increase over late 2014, with further ramp-up forecast in 2015. We have slightly increased ouroil production forecast for 2015 to 3.75mn b/d, though remain cautious about a lasting revenue sharingagreement, the continued threat of Islamic State and major investments in Iraq in a weak oil priceenvironment.

We highlight the following trends and developments in Iraq's oil and gas sector:

A breakthrough enabling oil exports from the Kurdistan region and the restart of federal budget paymentshas signalled a significant rapprochement between Baghdad and Erbil. The deal stipulated for fiscal year2015 allows the KRG can export up to 250,000b/d of crude oil as well as 300,000b/d from the Kirkukfield.


BMI Industry View
Table: Headline Forecasts (Iraq 2013-2019)
SWOT
Oil & Gas SWOT
Industry Forecast
Upstream Exploration
Table: Proven Oil and Gas Reserves (Iraq 2013-2018)
Table: Proven Oil and Gas Reserves (Iraq 2019-2024)
Table: Kurdistan Blocks And Operator
Upstream Projects
Table: Iraq Major Upstream Projects
Upstream Production - Oil
Table: Oil Production (Iraq 2013-2018)
Table: Oil Production (Iraq 2019-2024)
Upstream Production - Gas
Table: Gas Production (Iraq 2013-2018)
Table: Gas Production (Iraq 2019-2024)
Refining
Table: Refining Capacity and Refined Products Production (Iraq 2013-2018)
Table: Refining Capacity and Refined Products Production (Iraq 2019-2024)
Refined Fuels Consumption
Table: Refined Products Consumption* (Iraq 2013-2018)
Table: Refined Products Consumption* (Iraq 2019-2024)
Gas Consumption
Table: Gas Consumption (Iraq 2013-2018)
Table: Gas Consumption (Iraq 2019-2024)
Trade - Oil
Table: Crude Oil Net Exports (Iraq 2013-2018)
Table: Crude Oil Net Exports (Iraq 2019-2024)
Table: Refined Fuels Net Exports (Iraq 2013-2018)
Table: Refined Fuels Net Exports (Iraq 2019-2024)
Table: Total Net Oil Exports - Crude and Products (Iraq 2013-2018)
Table: Total Net Oil Exports - Crude and Products (Iraq 2019-2024)
Trade - Gas (Pipeline And LNG)
Table: Gas Net Exports (Iraq 2013-2018)
Table: Gas Net Exports (Iraq 2019-2024)
Industry Risk Reward Ratings
Middle East - Risk/Reward Ratings
Table: BMI's Middle East Oil & Gas Risk/Reward Index (RRI)
Below-Ground Potential Boosting Index
Table: Middle East Upstream Oil & Gas Risk/Reward Index
Limited Opportunities Downstream
Table: Middle East Downstream Oil & Gas Risk/Reward Index
Iraq - Risk/Reward Index
Market Overview
Iraq Energy Market Overview
Overview/State Role
Politics And Kurdistan Regional Government Exports
Licensing Rounds
Table: Fields Licensed Under First Bidding Round (June 2009)
Table: Fields Licensed Under Second Bidding Round (December 2009)
Table: Fields Licensed Under Third Bidding Round (October 2010)
Oil And Gas Infrastructure
Oil Refineries
Table: Iraqi Refineries
Table: Planned Refineries In Iraq
Oil Terminals/Ports
Oil Pipelines
Gas Pipelines
Competitive Landscape
Competitive Landscape Summary
Company Profile
Other Summaries
Regional Overview
Middle East Oil&Gas Regional Overview
Middle East Oil Production - Increasing Despite Low Oil Prices
Middle East Oil Consumption - Demand Continues Unabated
Middle East Refining Capacity - Building In Weak Global Market
Middle East Gas Production - Pressure To Produce
Middle East Gas Consumption - Gas Switch Boosting Demand
Global Industry Overview
Global Industry Overview - 5 Themes For 2015: Oil & Gas
Table: LNG Export Terminals At Pre-FID Stage
Appendix
Global - Crude Oil, Refined Fuels And Natural Gas Prices, 10-year Forecasts
Table: Energy Price Forecasts, 2013-2018
Table: Energy Price Forecasts, 2018-2023
Middle East - Regional Appendix
Table: Oil Consumption - Historical Data & Forecasts, 2011-2018 ('000b/d)
Table: Oil Consumption - Long-Term Forecasts, 2015-2023 ('000b/d)
Table: Oil Production - Historical Data & Forecasts, 2011-2018 ('000b/d)
Table: Oil Production - Long-Term Forecasts, 2015-2023 ('000b/d)
Table: Refining Capacity - Historical Data & Forecasts, 2011-2018 ('000b/d)
Table: Refining Capacity - Long-Term Forecasts, 2015-2023 ('000b/d)
Table: Gas Consumption - Historical Data & Forecasts, 2011-2018 (bcm)
Table: Gas Consumption, 2015-2023 (bcm)
Table: Gas Production - Historical Data & Forecasts, 2011-2018 (bcm)
Table: Gas Production - Long-Term Forecasts, 2015-2023 (bcm)
Table: Net LNG Exports - Historical Data & Forecasts, 2011-2018 (bcm)
Table: Net LNG Exports - Long-Term Forecasts, 2015-2023 (bcm)
Iraq - Total Hydrocarbons, 10-Year Forecasts
Table: Total Hydrocarbons Production, Consumption and Net Exports (Iraq 2013-2018)
Table: Total Hydrocarbons Production, Consumption and Net Exports (Iraq 2019-2024)
Iraq - Refined Products Breakdown, 10-Year Forecasts
Table: Refined Petroleum Products, Production Breakdown (Iraq 2013-2018)
Table: Refined Petroleum Products, Production Breakdown (Iraq 2019-2024)
Table: Refined Petroleum Products, Consumption Breakdown (Iraq 2013-2018)
Table: Refined Petroleum Products, Consumption Breakdown (Iraq 2019-2024)
Table: Refined Petroleum Products, Net Exports Breakdown (Iraq 2013-2018)
Table: Refined Petroleum Products, Net Exports Breakdown (Iraq 2019-2024)
Table: LPG Production, Consumption and Net Exports (Iraq 2013-2018)
Table: LPG Production, Consumption and Net Exports (Iraq 2019-2024)
Glossary
Table: Glossary Of Terms
Methodology
Industry Forecast Methodology
Source
Risk/Reward Index Methodology
Table: Bmi's Oil & Gas Upstream Risk/Reward Index
Table: Weighting

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