Oil and Gas Report Iraq

Independent 5-year oil and gas industry forecasts for Iraq.
Original oil and gas market research and oil and gas sector trend analysis for Iraq’s oil and gas industry.
Competitive intelligence, Iraqi oil and gas company rankings and SWOT analyses on international and domestic oil and gas companies in Iraq.

The Iraq Oil & Gas Report has been researched at source in 2007, and features latest available data and forecasts for Iraq to end-2011 covering headline indicators for oil & gas, LNG, coal and power; company rankings and competitive landscapes covering oil & gas exploration and production in Iraq, refining, oil & gas distribution and fuels retailing; and analysis of latest industry developments, trends and regulatory issues within Iraq.

Iraq Oil & Gas Report provides professionals, consultancies, government departments, regulatory bodies and researchers with independent forecasts and competitive intelligence on the Iraqi oil and gas industry.

Key Benefits of Report

Benchmark It’s Independent 5-Year Oil & Gas Industry Forecast for Iraq to test consensus views - a key input for successful budgeting and strategic business planning in the Iraqi oil and gas market.

Target Business Opportunities & Risks in the Iraqi Oil & Gas Sector through reviews of latest industry trends, regulatory changes, and major deals, projects and investments in Iraq.

Exploit The Latest Competitive Iraqi Oil & Gas Intelligence & Company SWOTS on your competitors and peers through company rankings by sales, market share and ownership structure - includes multi national and national companies in Iraq.

Coverage

Executive Summary

Summary of It’s key forecasts and industry analysis, covering oil and gas reserves, supply, demand, refining, coal and power, and primary energy, plus analysis of landmark company developments and key changes in the regulatory environment.

Regional Overview

Regional perspective on size and value of industry sector; comparative rankings by production, refining, imports and exports; overview of industry landscape and key players; assessment of business operating environment and latest regulatory developments.

Business Environment Rankings

A unique comparative study undertaken by It on the relative business climates across all regional markets covered. A rankings table highlights the merits of each market from an investor angle, giving scores for indicators such as Oil & Gas Supply and Demand Growth, Oil & Gas Reserves, Licensing Framework and the local Competitive Environment, as well as Economic and Political Risk.

Oil Market Outlook

It analyses and forecasts oil prices out to 2011, monitoring supply and demand in terms of oil production and consumption across the region.

It 5-Year Industry Forecast

Historic data series and 5-year forecasts to end-2011 for all key industry indicators (see list below), supported by explicit assumptions, plus analysis of key downside risks to the main forecast, including:

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Oil reserves (bn barrels), production, consumption, refinery capacity and throughputs (000 b/d)
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Oil exports (000 b/d), value of oil exports (US$mn - It base case) - Oil price (US$/bbl, OPEC basket)
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Value of oil exports at constant US$30/bbl and constant US$60/bbl (US$mn)
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Proven gas reserves (tcm), production and consumption (bcm)
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Gas exports/(imports) (bcm)
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Value of gas exports/(imports) (US$mn); value of gas exports/(imports) at constant US$30/bbl and US$60/bbl (US$mn)
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Value of petroleum exports (US$mn); value of petroleum exports at constant US$30/bbl and US$60/bbl (US$mn)

It 5-Year Macroeconomic Forecast

It forecasts for all headline macroeconomic indicators, including real GDP growth, inflation, fiscal balance, trade balance, current account and external debt.

Competitive Landscape & Rankings

Comparative company analyses and rankings by US$ sales, % share of total sales, number of employees, year established, market cap/NAV, ownership structure, oil production (‘000 b/d) and % market share, downstream capacity (‘000 b/d) and % market share.

Company Profiles & SWOTS

Company profiles, including SWOT analyses, senior executives and full contact details, business activity, products and services, foreign direct investments and projects.

Executive Summary

The Sector At A Glance

Key Insights On The Oil & Gas Sector Of Iraq

The latest Iraq Oil & Gas Report from It forecasts that the country will account for 6.38% of MEA regional oil demand by 2010, while providing 7.63% of supply. MEA regional oil demand rose to an estimated 10.86mn b/d last year and should average 11.08mn b/d in 2007, before reaching 11.91mn b/d by 2010. MEA gas consumption in 2006 was an estimated 373bcm, with demand of 533bcm targeted for 2010. Production last year of an estimated 510bcm should reach 774bcm by the end of the decade. While Iraq should have begun exporting gas to neighbouring Kuwait during the forecast period, it is not expected to make a significant contribution to either regional gas supply or demand over the short to medium term.

For 2007, the revised It forecasts are for the OPEC basket to average US$55 per barrel. Based on last year’s typical price differentials, this implies Brent at US$58.72, WTI averaging US$59.94/bbl, and Urals at US$55. Our central view is therefore that the OPEC basket price will slip from US$55/bbl this year to US$50 in 2008, before settling around US$45/bbl in 2009/2010. Should OPEC defend successfully our presumed ‘target’ price of US$55/bbl during the challenging months of 2007, then it is reasonable to assume medium-term prices may surprise on the upside.

Iraq real GDP growth is forecast by It at 10.2% for 2007, following an estimated 9.1% in 2006. We are assuming 14.7% growth in 2008, 11.4% in 2009 and 7.7% in 2010. We expect oil demand of an estimated 570,000b/d in 2006 to rise to 800,000b/d in 2011, depending on investment in infrastructure and the development of domestic production. International oil companies (IOCs) are in 2007 expected to join production sharing agreements with the state, which should help accelerate the growth in oil output. Based on the efforts of existing contractors and national oil industry bodies, we are forecasting average oil production of 2.15mn b/d this year. December 2006 production was 1.77mn b/d, with more than 1.4mn b/d of exports. Further field reactivation work and the initial IOC efforts point to output of an estimated 3.1mn b/d in 2011. The government has much more ambitious targets, aiming for 0.5mn b/d annual output expansion and a long-tem goal of 6.0mn b/d. However, there are major risks involving attacks on oil installations, Iraq’s OPEC entitlement and the success of new energy policy in stimulating IOC investment.

In the It Business Environment Ranking matrix, Iraq this quarter receives a slightly lower composite score of 34, which now ranks the country equal fifth out of 16 states included in the MEA region, alongside Angola. The overall business environment can be considered moderately attractive in a regional context, thanks largely to huge oil production upside potential and vast untapped oil and gas reserves. A great opportunity exists for IOCs once the political situation has stabilised and production sharing/licensing terms have been agreed. Political and economic risk remains very high, which offsets the positive factors.

Table of Contents

Chapter 1 - Executive Summary

Chapter 2 - SWOT Analysis

Iraq Business Environment Industry SWOT

Chapter 3 - Regional Market Overview

Middle East/Africa Region

Table: Middle East/Africa LNG Exports/(Imports) (bcm)

Iraq

Chapter 4 - Business Environment Rankings

Iraq

Middle East/Africa Region

Chapter 5 - Iraq Business Environment Ranking

Economics – Long-term risk

Politics – Long-term risk

Oil & Gas Growth

Oil/Gas Reserves

Licensing/Regulation

Competitive Environment

Political Risk Summary

Economic Risk Summary

Business Environment Risk Summary

Legal Code/Corruption

Foreign Direct Investment

Tax Regime

Chapter 6 - Oil Market Outlook

Assessing The Risks

Table Crude Price Forecasts 2007

Revised Forecasts

Table Oil Price Forecasts

Chapter 7 - Regional Supply and Demand

Middle East/Africa

Table Oil Production (000b/d) – Middle East/Africa

Table Oil Consumption (000b/d) – Middle East/Africa

Chapter 8 - Global Picture

Table Global Oil Consumption (000b/d)

Table Global Oil Production (000b/d)

Chapter 9 - Industry Forecast Scenario

Oil and Gas Reserves

Oil Supply and Demand

Gas Supply and Demand

Refining and Oil Products Trade

Revenues/Import Costs

Table: Iraq Oil & Gas – Historic Data & Forecasts

Other Energy

Table: Iraq Other Energy – Historic Data & Forecasts

Key Risks to It’s Forecast Scenario

Chapter 10 - Economic Outlook

Table: Economic Indicators

Chapter 11 - Regional Case Study

Exxon In the Middle East

Saudi Arabia

Qatar

Kuwait

United Arab Emirates

Latest Financials

ExxonMobil 2006 Results

Chapter 12 - Competitive Landscape

Executive Summary

Table: Key Players: Iraqi Energy Sector

Overview/State Role

Chapter 13 - It Forecast Modelling

How we generate our industry forecasts

Energy Industry

Cross checks

Sources

For more pls visit
http://www.bharatbook.com/Market-Research-Reports/Oil-Gas-Report-Iraq-.html