Market context

The Iraq exports about 1.8 million barrels/day (b/d) of 2.4 million b/d of crude oil, but suffers from a shortage of refined products. The refineries operating today has a total capacity of more than 700,000 b/d, but only use about 450,000 b/d. The demand of 570,000 b/d in 2008, tends to increase as economic activity is reborn.

The oportunity

The Iraqi Oil Ministry invited international companies to invest in expansion projects, modernization and reform of the capacity of existing refineries. In addition, there are plans to build five new refineries by the end of 2015 in order to increase the refinery capacity of 600,000 b/d to 1.5 million b/d and thus meet domestic and foreign demand.



UK announces $43m Iraq Aid Package
06/02/2019 - Government of the United Kingdom

Wheat Production to rise sharply
04/02/2019 - Reuters

US$1bn UK Financing for Iraqi Electricity
04/02/2019 - Government of the United Kingdom

Jordan and Iraq plan to Increase Trade
14/01/2019 - Iraq government, The Arab Weekly

Dutch Minister reopens Fallujah Teaching Hospital
20/12/2018 - Government of the Netherlands

30% Gas Production Increase at Khor Mor Field
22/11/2018 - Dana Gas, 2018

Exploring Ways to Assist in Restoration in Kirkuk
22/11/2018 - United Nations, 2018