Oil and Gas Sector Opportunities

Investment Opportunities in the Oil and Gas Sector

Ministry of Oil has announced an ambitious plan to increase oil production and exports in the coming years. This is to be done through relying on participation and direct investments as a principal means for achieving this goal through oil licenses tours announced by the ministry.

A- Refineries Projects:

No Refinery Name Refinery capacity (barrel/day) Project’s type Project’s cost (million dollars) Location
1 Kirkuk Refinery 150 thousand New 4.347 Between kutan Village and Koshkaya
2 Maysan Refinery 150 thousand New 5.755 Near Bazirkan Field
3 Al-Nasiriya Refinery 300 thousand New 9.000 Near Houma Village
4 Nineveh Refinery 150 thousand New

5 Karbala Refinery 140 thousand New

B- Pipes Projects:

No Pipe’s Name Pipe’s capacity (barrel/day) Project’s type Project’s Estimated cost (billion dollars) LocatioLocation
1 Pipe for exporting crude oil from K3 to the Syrian harbor of Banyas, length: 750 km 1.5 million New 5-7 Iraq – Syria
2 Pipline for exporting crude oil from K3 to the Jordanian harbor of Al-Aqaba, length: 950 km 1 million New 4-5 Iraq – Jordan

C- Refining Industries

  1. Crude oil refining plant in Al-Diwaniya Governorate
  2. Petrochemicals plant in Al-Diwaniya Governorate
  3. Engine oil production plants in Al-Diwaniya Governorate