Iraq Deputy Prime Minister for Energy, H.E Dr Hussein Al-Shahrestani, will announce large-scale investment opportunities in Iraq’s refining industry at the Iraq Refinery 2012 conference (www.iraqrefinery.com) on 17 -18 April 2012 in London. Major incentives for foreign investment already include discounted oil and acreage.

The conference will represent the largest ever gathering of Iraqi oil officials outside of Iraq including the Chairman of the Advisory Commission to the Prime Minister, Dr Thamir Ghadhban, and the Iraq Deputy Minister of Oil, Ahmed al-Shamma, as well as Director Generals, Advisors, and Experts from the Ministry of Oil, senior officials from the National Investment Commission, Parliamentarians, and representatives from various government departments.

Rebuilding and expanding Iraq’s antiquated refinery infrastructure is an urgent task for the Iraqi government, which plans to increase its refining capacity from 600,000 barrels per day to 1.5 million barrels per day by 2017.

With the world’s third largest proven reserves of oil and gas, Iraq currently has eight refineries, producing approximately 890,000 barrels per day, with five more in the pipeline. These have the potential to produce:

  • LPG
  • Gasoline (unleaded, premium, regular)
  • Kerosene & ATK
  • Gas Oil (Diesel)
  • Heavy Gas Oil (Heavy Diesel)
  • Sulphur
  • Blown Asphalt
  • Fuel Oil
  • Electrical Power

“We plan to double our domestic refining capacity to reduce our reliance on imports of refined products,” said Iraq Deputy Prime Minister for Energy, H.E Dr Hussein Al-Shahrestani. “In April at the conference, we will be sharing our future strategy for energy and how we wish to partner with global industry leaders to ensure Iraq takes its rightful place as one of the leading producers of oil and gas.”

Amongst the Iraqi oil delegation giving presentations at the conference will be Dr Kamal H Latif, Deputy Minister of Environment; senior representatives from the Ministry of Industry and Minerals; and two Refinery Director Generals, Abdul-Ghafoor Mohamed Abdul-Jabar, Director General of Northern Refinery, and Saad Nori Mohamed, Director General of Central Refinery.

“Iraq is looking to enlist private companies to build new refineries with the combined ability to process 740,000 barrels per day of crude oil, which would enable it to become a net fuels exporter,” said Dr Abbas al-Hussaini, CEO of organisers, Symexco Ltd. “Iraq has an abundance of raw materials, an educated workforce and an unrealised gas sector and this conference provides a crucial tipping point for international investors to meet decision makers and key figures in the Iraqi administration to engage in building Iraq’s economic future.”

This month Iraq’s oil output exceeded three million barrels per day, a figure which has not been achieved for ovehur three decades. Iraq will take over the OPEC presidency (Organisation of Petroleum Exporting Countries) this year.

Iraq’s 2011 GDP growth was almost 10% (source: Central Bank of Iraq) and growth is expected to grow five fold in the next five years.

The Iraq Refinery 2012 conference is the first major international conference and exhibition focused entirely on the refining industries in Iraq and will be held at the Royal Lancaster Hotel, London, on 17 and 18 April 2012.

For more information and to register please visit the website www.iraqrefinery.com

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For further information or interviews please contact Frances Knox at This e-mail address is being protected from spambots. You need JavaScript enabled to view it (M: + 44 7850 470 123).

Media Passes: To request a media pass, please contact Symexco Ltd on email This e-mail address is being protected from spambots. You need JavaScript enabled to view it or telephone +44 (0) 208 849 8964.

Notes to Editors:

The Iraq Refinery 2012 conference is on 17 and 18 April 2012 at the Royal Lancaster Hotel, London.

Key Confirmed Attendees and Speakers from Iraq:

Keynote Speaker:  Iraq Deputy Prime Minister of Iraq for Energy, H.E Dr Hussein Al-Shahrestani

  • Chairman of the Advisory Commission to the Prime Minister,  Dr Thamir Ghadhban
  • Deputy Minister of Oil, Dr Ahmed al-Shamma   
  • Deputy Minister of Environment, Dr Kamal H Latif
  • Former Minister of Oil, Dr Ibrahim Bahr Elum
  • Director General of Northern Refinery, Abdul-Ghafoor Mohamed Abdul-Jabar
  • Director General of Midland Refinery, Saad Nori Mohamed
.  

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