Natural gas reserves as a share of worldwide reserves reached 1.69 % in 2017 in Iraq, according to EIA. This is 4.17 % more than in the previous year.
Historically, natural gas reserves as a share of worldwide reserves in Iraq reached an all time high of 2.42 % in 1989 and an all time low of % in. When compared to Iraq's main peers, natural gas reserves as a share of worldwide reserves in Iran amounted to 17.9 %, 0.962 % in Kuwait, 4.60 % in Saudi Arabia and 0.129 % in Syria in 2017.
Iraq has been ranked 12th within the group of 99 countries we follow in terms of natural gas reserves as a share of worldwide reserves, 1 places behind the position seen 10 years ago.
Proved reserves are estimated quantities of energy sources that the analysis of geological and engineering data demonstrates with reasonable certainty are recoverable under existing economic and operating conditions.