Refineries & Fuel

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)

Iraq lands first refinery investor

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.