Energy security
Oil & Gas Upstream
Unlocking the potential in new markets
The Miran Gas Field is a world-class gas asset located in the Kurdistan Region, with the potential to transform the energy landscape of the broader region. With robust reserves and a well-defined development plan, the project is now entering a fast-track phase following.
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The development will be executed with best-in-class infrastructure and high ESG standards. Miran’s treated gas will serve both local and regional demand, increasing fuel supply to power producers and industrial supply chains.
List Title
Our Vision
Energy Security
Meeting everyday needs
With over 8 trillion cubic feet (TCF) of contingent resources, Miran ranks among the top three gas fields in the Kurdistan Region and is a major contributor to Iraq’s overall gas potential. The field’s size and deliverability position it as a foundation for domestic energy security and regional supply.
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Miran has the potential to power over 3GW of IPPs once it reaches its potential plateau capacity. The field represents an exciting opportunity for energy independence and security.
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02- Miran Gas
20% of Kurdistan’s Reserves, 5% of Iraq’s
20%
of Kurdish Resources
5%
of Iraq's resources
Top 3
Largest gas fields
Miran alone holds nearly 20% of all independently assessed gas resources in Kurdistan, and represents 5–6% of Iraq’s national reserves. Its development will catalyze a significant shift in the country’s ability to monetize gas while lowering emissions from flaring and diesel use.
03- Accessible energy
Proximity to Demand, Pathway to Exports
Strategically located near existing pipeline corridors and infrastructure, the Miran Gas Field is uniquely positioned to serve both domestic and regional markets.
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The field lies within proximity to key demand centers in the Kurdistan Region, enabling immediate supply to power generation and industrial users.
At the same time, its location offers a clear path to regional export markets—particularly through potential tie-ins to existing and future export infrastructure
Oil & Gas Upstream
Our Strategic Vision
We focus on sustainable growth through high-return projects across the natural gas value chain, targeting opportunities in the MENA region where long-term fundamentals remain strong. From upstream development to midstream infrastructure and downstream monetisation, we prioritise commercially resilient investments that deliver both financial performance and regional energy security.
Our success is anchored in leveraging strategic relationships—with governments, national oil companies, and global partners—to maintain a sustainable competitive advantage. These relationships enable early access to projects, favorable offtake arrangements, and risk-mitigated execution in complex markets.
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Oil & Gas Upstream
EXPLORING NEW MARKETS AND OPPORTUNITIES
ONEX is strategically expanding its upstream portfolio by targeting high-potential E&P opportunities across frontier and emerging markets. With a disciplined investment approach, the company is evaluating assets with sizable reserve bases, attractive entry valuations, and supportive regulatory frameworks. ONEX leverages its integrated model—from field development to infrastructure delivery—to create value across the entire upstream lifecycle. The company is actively pursuing participation in upcoming licensing rounds and joint ventures that align with its long-term vision for sustainable, resource-backed growth.