Iraq Oil

Oil Reserves in Iraq (2025)

See also: List of countries by Oil Reserves

Iraq holds 145,019,000,000 barrels of proven oil reserves as of 2025, ranking #5 in the world and accounting for about 8.22% of the world's total oil reserves of 1,765,151,568,000.

Iraq has proven reserves equivalent to 374.5 times its annual consumption levels (based on 2024 data). This means that, without net exports, there would be about 375 years of oil left (at 2024 consumption levels and excluding unproven reserves).

History of Oil Reserves in Iraq

Oil Consumption in Iraq (2024)

See also: List of countries by Oil Consumption

• Iraq consumes 1,060,795 barrels per day (B/d) of oil as of the year 2024.
• Iraq ranks #22 in the world for oil consumption, accounting for about 1.03% of the world's total consumption of 102,559,503 barrels per day.
• Iraq consumes 0.97 gallons of oil per capita every day (based on the 2024 population of 46,042,015 people), or 353 gallons per capita per year (8 barrels). [1 barrel = 42 US Gallons]

Oil Production in Iraq (2024)

See also: List of countries by Oil Production

• Iraq produces 4,505,283 barrels per day of oil (as of 2024) ranking #8 in the world.
• At 2024 production levels, Iraq produces every year about 1.13% of its proven reserves ( 2025).

Oil Exports (2018)

• In 2018, Iraq exported 85% of its oil production (3,975,824 barrels per day out of 4,680,761 produced).

History of Oil Consumption and Production