Abstract
Technology has been used in many applications and fields, such as industry, medicine, agriculture, and others. The most prominent of these areas and the most impact on the economy is the technology used in the oil industry, especially in light of expectations that oil may remain the main source of energy for several decades. Technology has a clear impact on both sides of crude oil production (oil supply), as well as on crude oil consumption (oil demand). Oil technology has contributed to raising the productivity of conventional wells and has also reduced the cost of extraction. On the other hand, it has contributed significantly to the tremendous growth of oil production from non-conventional sources. Iraq's oil industry is one of the most important economic sectors, as it has large oil resources, allowing Iraq to play an important role in the international oil market. However, Iraq still relies on traditional technology. Therefore, the research will try to shed light on the stages of development of oil technology and its repercussions on the oil industry, as well as study the reality of that technology in Iraq and the mechanisms for its advancement.
