Rumaila rig

Besieged Iraqi oil sector buoyed by southern expansion

While violence has taken Iraq's northern oil sector almost entirely offline, growing production and export capacity in the south is keeping Iraq afloat.

Production & Exports

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Refineries & Fuel

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Iraq lands first refinery investor

Satarem CEO Jerome Friler (left) shakes hands with an Oil Ministry refining official as Prime Minister Nouri al-Maliki (center), Oil Minister Abdul Karim Luaibi (right) and Deputy Prime Minister for Energy Hussain al-Shahristani (left) look on. (Source: Prime Minister's Office)

Swiss firm Satarem has signed a "binding MoU" to build and operate a $6 billion refinery in Missan province – the Oil Ministry's first success in attracting private refinery investment.