Iraq

Country Information

Continent Middle East
GDP (2012 est.) $236 billion (2012 est.)
Currency & Exchange Rate Iraqi dinars (IQD) per US dollar 1166.2
Dialling Code
+964

Exploration & Production Companies

North Oil Company, South Oil Company, Missan Oil Company, Midland Oil Company.

Oil fields greater than 1 billion barrels

Rumaila, Kirkuk, Majnoon, West Qurna, East Baghdad, Halfaya, Az Zubayr, Nahr Umr.

International Tax Regime

Residential taxation: foreigners taxed on local income; residents taxed on local and overseas income.

Witholding Tax

Crude oil - production(bbl/day) 2,987,000
Crude oil - exports(bbl/day) 2,600,000
Crude oil - imports(bbl/day) 0
Crude oil - proved reserves(bbl) 141,400,000,000
Refined petroleum products - production(bbl/day) 492,800
Refined petroleum products - consumption(bbl/day) 818,000
Natural gas - production(cu m) 880,000,000
Natural gas - proved reserves(cu m) 3,158,000,000,000

Climate

Mostly desert; mild to cool winters with dry, hot, cloudless summers; northern mountainous regions along Iranian and Turkish borders experience cold winters with occasionally heavy snows that melt in early spring, sometimes causing extensive flooding in central and southern Iraq.

Location

Middle East, bordering the Persian Gulf, between Iran and Kuwait.

CCL Country Manager

 

Contact Details

Name:

Direct:

Email:

LinkedIn:

Jon Cox

+44 (0) 208 333 4156

jon.cox@cclglobal.com

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