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Housing Program and Bismayah new city

The National Investment Commission (the “NIC”) is committed to bringing opportunities to the investor community that are essential to the Iraqi citizens, provide growth and development for the country and offer significant returns on investment. In line with these goals, we at the National Investment Commission are proud to be presenting this…

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Oil and Gas Sector

Investment Opportunities in the 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.

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

B- Pipes Projects:

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

C – Refining Industries

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  • Crude oil refining plant in Al-Diwaniya Province
  • Petrochemicals plant in Al-Diwaniya Province
  • Engine oil production plants in Al-Diwaniya Province
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