Modernising our fuel supply chain

Strategically located in Bazian, Kurdistan, the Refining facility is a cornerstone of Iraq’s downstream sector. With a capacity of 45,000 barrels per day, it is one of two privately operated refineries in the country.

Bazian Refinery

Sulaymaniyah, Kurdistan

45,000 bp/d
Refinery Capacity

500,000
Storage Capacity

400+ employees
(95% local emp rate)

American & European technology

“Our refinery fills a critical gap in Iraq’s energy ecosystem—transforming domestic crude into high-demand, high-value fuels.”

Critical

Addressing the Refining Gap

Despite producing 4.5 million bpd of crude oil, Iraq still imports 30% of its refined products due to underdeveloped and outdated state refining infrastructure. ONEX is addressing this mismatch by producing:

Cleaner-burning gasoline and diesel
High-quality LPG and kerosene
Reduced output of surplus heavy fuel oil (HFO)

45,000 bp/d Bazian Oil Refinery

SUMMARY

We restored, upgraded and expanded the Bazian Oil Refinery in Kurdistan after our acquisition in 2010. The refinery employs over 400 professionals and is now capable of refining 45,000 bp/d and has a long term tolling agreement with the Federal Government of Iraq.

LOCATION

Kurdistan, Iraq

YEAR

2010

Information:

The refinery is only one of two in the region

and is refining 10% of the countries

product demand.

Addressing the Refining Gap

ONEX operates under a long-term tolling agreement with the Federal Government of Iraq, securing a consistent and sustainable supply of crude for processing. This arrangement:

Long-term tolling agreement
Ensures refined product offtake is guaranteed through government frameworks
Supports long-term returns while fulfilling national energy priorities

This structure has become a model for public-private partnership in Iraq’s downstream sector — balancing sovereign interests with private efficiency and delivery.

< PREVIOUS

NEXT >