Oil and Gas Market in Iraq 2024-2028

Oil And Gas Market In Iraq 2024-2028

The oil and gas market in Iraq is forecasted to grow by USD 69.22 bn during 2023-2028, accelerating at a CAGR of 2.35% during the forecast period. The report on the oil and gas market in Iraq provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by an increasing focus on oil production capacity expansion in Iraq, rise in support for oil and gas market from iraqi government, and increasing consumption of natural gas by industries in Iraq.

Technavio's oil and gas market in Iraq is segmented as below:

By Application

• Industrial
• Commercial
• Residential

By Type

• Upstream
• Downstream
• Midstream

By Deployment

• Offshore
• Onshore

This study identifies the increasing oil and gas investments by foreign investors in Iraq as one of the prime reasons driving the oil and gas market in Iraq growth during the next few years. Also, increasing number of mergers and acquisitions among market vendors and technological advancements in oil and gas drilling techniques will lead to sizable demand in the market.

The report on the oil and gas market in Iraq covers the following areas:

• Oil and gas market in Iraq sizing
• Oil and gas market in Iraq forecast
• Oil and gas market in Iraq industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading oil and gas market in Iraq vendors that include Abu Dhabi National Energy Company PJSC, Arajeez Company LLC, BP Plc, Caterpillar Inc., China National Offshore Oil Corp., DNO ASA, Independent Oil Tools Iraq, Iraq Basra Oil and Gas, ISHTAR STAR, KMSK Iraq, PJSC LUKOIL, QatarEnergy, Ronahi Co., Shell plc, SPM Oil and Gas Iraq, Tekkon Petrochemical Services Co. Ltd., Wataniya Bitumen and Oil Refinery, and Exxon Mobil Corp.. Also, the oil and gas market in Iraq analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.