Iraq Energy Market
A market of scale, need and long-term opportunity
Iraq’s oil and gas sector is central to its economy and is undergoing sustained investment in production, refining, gas utilisation and infrastructure.
Market overview
Iraq is one of the world’s leading crude oil producers and a founding member of OPEC, with proven reserves among the largest globally. The majority of production comes from the giant fields of the south around Basra, with further significant production in the north and centre of the country.
Alongside upstream activity, national priorities include expanding and modernising refining capacity, capturing and utilising associated gas that is currently flared, developing storage and export infrastructure, and strengthening local industrial capability.
Key energy regions
Basra and the south
Home to Iraq’s largest oilfields and principal export terminals.
Kirkuk and the north
A historic producing region with established oil and gas infrastructure.
Salahuddin and the centre
Location of Baiji, historically Iraq’s largest refining complex.
Maysan and Dhi Qar
Growing producing provinces in the south-east.
- Basra — southern oilfields and export terminals
- Rumaila oilfield
- West Qurna oilfields
- Majnoon oilfield
- Shuaiba refinery, Basra
- Maysan oilfields
- Nasiriyah, Dhi Qar
- Karbala refinery
- Daura refinery, Baghdad
- Baiji refinery complex
- Kirkuk — northern oilfield
- Erbil — Kurdistan Region
Where DIMA GROUP focuses
Refining
Operations and maintenance partnerships, rehabilitation and modernisation of refining facilities.
Gas utilisation and storage
Strategic gas storage and processing opportunities that reduce flaring and support supply.
Pipelines and transport
Development and rehabilitation of oil and gas pipeline and transport networks.
Industrial supply
Oilfield equipment, spare parts and specialised industrial materials.
Engineering and EPC
Partnering experienced EPC and engineering contractors with relevant projects.
Market entry
Prequalification, representation and coordination for companies new to Iraq.
Considerations for international companies
- 1Company registration and prequalification with the relevant entities
- 2Tender procedures and documentation requirements
- 3Local partnership and representation arrangements
- 4Logistics, import procedures and supply-chain planning
- 5Compliance with applicable Iraqi and international regulations
This overview is general information, not investment or legal advice. Market conditions change; specific opportunities should be assessed with qualified advisers.
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