Page 96 - investment-map-En-2021

Iraq Investment Map 2020-2021 89

Investment Opportunities in Oil and Gas Sector

Ministry of Oil announced an ambitious plan to increase oil production and exports in the
following years. Participation and direct investments are principal means for achieving this goal
through oil licenses rounds announced by the Ministry.

Investment opportunities in Refineries and Oil &Gas Projects:

No Refinery Name Refinery capacity (barrel) investment/ funding Location

1 Simawa Oil 70.000 bpd - Simawa
Refinery

Source: Iraqi MoO- Planning & Studies Office, according to letter dated in 17th Dec. 2019

Lands allocated for investment

Company name Plot number and area

Wasit Oil Plot no. Area Ownership Type
Company
10/250 m 9 330 dunom out of Middle Oil Co. plot
Thalba total are 699
dunom

Oil Exploration Inve4stment project to build vertical residential complex for employees (593/3)
Company district 2 Wazeriya –area 10 dunom 12 ulk 46m²

th
Source: Iraqi MoO- Planning & Studies Office, according to letter 6/50/615 dated in 15 Jan. 2020