Iraq Calls for Major Investment in Refineries

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 over 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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