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.

Trucks at the weighing station before loading crude at Gulf Keystone's Shaikan extended well test production facility in Iraq's Kurdistan region. (SEBASTIAN MEYER/Metrography/Iraq Oil Report)

Kurdistan begins independent crude exports

The KRG has begun sending crude to Turkey in exchange for refined products, as the oil conflict with Baghdad heats up.

KRG oil deals buoyed by refinery plan

Kurdistan's export agreement with Baghdad is deteriorating and its production capacity is rising – so the region is relying more and more on an expanding refining sector.

Iraqi Oil Minister Hussein al-Shahristan

Iraq ready for refinery pitches

Potential investors face a looming deadline to bid on four refinery deals, and Iraq Oil Report has obtained the specs and investment terms of the projects.