Basra Workshop 2024

The 9th Basra Oil & Gas Exhibition, Iraq's only oil and gas event, will take place in the Basrah International Fair Ground from June 27 to June 30, 2024. This is the finest opportunity to expand your company network in this convenient location.

Iraq has already established itself as an important oil and gas supplier in the area, with 145 billion barrels of oil and 132 trillion cubic feet of gas, low geological exploration risk, and relatively high stability, promising more positive momentum in the next years and beyond.

Iraq's energy economy is primarily reliant on oil, with petroleum accounting for nearly 94% of total energy consumption. In addition, crude oil export receipts were more over two-thirds of GDP in 2009.

The oil and gas industry in Iraq is predicted to develop at a CAGR of more than 2.4% between 2020 and 2025. Factors such as rising oil and natural gas production and consumption, upcoming pipeline infrastructure projects, plans to improve oil infrastructure across the country, and increased investment in all three oil and gas sectors are expected to drive growth in the Iraq oil and gas market during the forecast period.

As oil is projected to remain a major component of the energy mix, it may provide a chance for corporations to utilise existing oilfields with high-quality oil at lower costs, increasing profitability. The increased number of projects in the oil and gas sector has contributed to the industry's growth. Companies all over the world are utilising their resources to strengthen their position in the Iraq oil and gas industry and enhance their profits in the next years.

Basrah Oil & Gas will bring together sector specialists and investors in January 2024, which is why the Basrah Oil & Gas expo is the finest approach to access the Iraq market.