Skip to main content Accessibility help
×
Home
Hostname: page-component-dc8c957cd-9x9b8 Total loading time: 0.376 Render date: 2022-01-26T19:41:46.287Z Has data issue: true Feature Flags: { "shouldUseShareProductTool": true, "shouldUseHypothesis": true, "isUnsiloEnabled": true, "metricsAbstractViews": false, "figures": true, "newCiteModal": false, "newCitedByModal": true, "newEcommerce": true, "newUsageEvents": true }

Prologue

Published online by Cambridge University Press:  07 December 2009

Rex J. Zedalis
Affiliation:
University of Tulsa
Get access

Summary

From all indications, Iraq's proven oil reserves are in the 115 billion barrel (bbl) range, which, depending upon how one runs the numbers, would rank it as having somewhere between the second and the third largest proven reserves in the world. It is also speculated that Iraq may possess an additional 45 to 100 bbl in its largely unexplored western desert. As far as natural gas reserves are concerned, information suggests Iraq has proven reserves of around 112 trillion cubic feet (Tcf), placing its proven reserves at tenth in the world, with probable additional gas reserves at 275 to 300 Tcf. As will be seen in the materials that follow, Iraq has been capable in the past of producing as much as 3 million to 3.5 million barrels of oil per day (mbpd), but most recently has struggled to produce in the 2 to 2+ mbpd range, though it plans to increase that number in the near future. Its domestic consumption of crude oil demands about one quarter of its recent production, and an extremely large portion of the natural gas produced in Iraq is associated with the lifting of crude oil and simply winds up being flared or reinjected to assist oil recovery.

Type
Chapter
Information
The Legal Dimensions of Oil and Gas in Iraq
Current Reality and Future Prospects
, pp. xvii - xxiv
Publisher: Cambridge University Press
Print publication year: 2009

Access options

Get access to the full version of this content by using one of the access options below. (Log in options will check for institutional or personal access. Content may require purchase if you do not have access.)

Send book to Kindle

To send this book to your Kindle, first ensure no-reply@cambridge.org is added to your Approved Personal Document E-mail List under your Personal Document Settings on the Manage Your Content and Devices page of your Amazon account. Then enter the ‘name’ part of your Kindle email address below. Find out more about sending to your Kindle.

Note you can select to send to either the @free.kindle.com or @kindle.com variations. ‘@free.kindle.com’ emails are free but can only be sent to your device when it is connected to wi-fi. ‘@kindle.com’ emails can be delivered even when you are not connected to wi-fi, but note that service fees apply.

Find out more about the Kindle Personal Document Service.

  • Prologue
  • Rex J. Zedalis, University of Tulsa
  • Book: The Legal Dimensions of Oil and Gas in Iraq
  • Online publication: 07 December 2009
  • Chapter DOI: https://doi.org/10.1017/CBO9780511596926.002
Available formats
×

Send book to Dropbox

To send content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about sending content to Dropbox.

  • Prologue
  • Rex J. Zedalis, University of Tulsa
  • Book: The Legal Dimensions of Oil and Gas in Iraq
  • Online publication: 07 December 2009
  • Chapter DOI: https://doi.org/10.1017/CBO9780511596926.002
Available formats
×

Send book to Google Drive

To send content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about sending content to Google Drive.

  • Prologue
  • Rex J. Zedalis, University of Tulsa
  • Book: The Legal Dimensions of Oil and Gas in Iraq
  • Online publication: 07 December 2009
  • Chapter DOI: https://doi.org/10.1017/CBO9780511596926.002
Available formats
×