What we do
Specialist operators. One integrated platform.
Five platforms across ten sectors — including ~8 Tcf of potential gas resources at Miran through EXA, our upstream platform — linked into economic clusters that capture synergies and strengthen trade flows.
Platforms
Where we put capital to work.
From gas, power and refining in the Kurdistan Region — including ~8 Tcf at Miran through EXA — to trading, shipping, real estate, renewables, telecom, digital and mining.
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Energy & power
Gas, power and refining, integrated in the Kurdistan Region of Iraq — including ~8 Tcf of potential gas resources at Miran through EXA, our upstream platform.
1,500 MW
installed power generation capacity
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Trading & shipping
Moving physical energy from where it is produced to where it is needed most.
55m
barrels of commodities traded a year
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Real estate
Restoring a London landmark for a new generation.
$1.7bn
total investment value of The OWO
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Renewables
Developing, financing, building and operating utility-scale wind.
€600m
invested in renewables
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Digital & resources
Telecom towers, digital retail and a stake in West African gold.
16,000+
towers in the TVI–Ascend portfolio
Featured projects
Uncover the full picture.
Power · Kurdistan Region of Iraq
1,500 MW through Taurus, our power platform.
Through Taurus, our power platform, we have grown Bazian from the first 500 MW in 2016 to 1,500 MW — including the 250 MW CCGT add-on completed in 2025.
Upstream · Miran Gas Field
~8 Tcf through EXA, our upstream platform.
Through EXA, our upstream platform, we are developing the Miran Gas Field with HKN Energy via the Miran Energy joint venture — ~8 Tcf of potential 2C resources. First gas is targeted for H2 2027.
Downstream · Sulaymaniyah
Turning domestic crude into high-value fuels.
Acquired in 2010, then restored, upgraded and expanded, the Bazian Refinery processes 45,000 barrels a day under a long-term tolling agreement with the Federal Government of Iraq.
Commodities · Dubai & Geneva
Connecting supply with demand across the energy value chain.
ONEX DMCC is our independent trading house in Dubai and Geneva. One of the leading lifters of fuel oil in the market, sourcing product from SOMO in Iraq, it trades fuel oil, naphtha and gasoline.
Shipping · Regional & global routes
A modern, expanding tanker fleet.
Our fleet of 11 tankers, seven LR2s and four VLCCs (very large crude carriers), supports our upstream, refining and trading operations. ONEX Peace was the world’s first merchant ship to receive DNV’s SILENT-E notation.
Real estate · London
Reviving a London landmark on Whitehall.
Britain’s former War Office, restored over eight years and opened in 2023 as The OWO: home to Raffles London, 85 residences and a Guerlain Spa.
Renewables · Portugal & Spain
Developing, owning and exiting utility-scale wind.
In 2022 we delivered 221 MW of renewables. The Portuguese wind portfolio was later sold to Finerge in 2023, recycling capital into our pipeline. We also hold stakes in wind projects in Zaragoza, Spain.
Digital · Iraq
Technology for every home.
A leading omnichannel retailer of home appliances and technology in Iraq, with flagship showrooms in Sulaymaniyah, Erbil and Baghdad and more than 240 distribution partners.
Mining · Guinea & Mali
Gold in production in West Africa.
ONEX is a shareholder in PDI Gold Limited (ASX/TSX: PDI), formed when Predictive Discovery merged with Robex in April 2026. Kiniéro in Guinea is producing; Nampala in Mali and the Bankan development project complete the portfolio.
Sectors
Ten sectors. One platform.
Explore every sector — power through Taurus, upstream through EXA (~8 Tcf at Miran), downstream, commodities, shipping, real estate, renewables, telecom, digital and mining.
- PowerPower generation through Taurus, our platform in the Kurdistan Region of Iraq.
- UpstreamDeveloping the Miran Gas Field through EXA, our upstream platform.
- DownstreamThe Bazian Refinery — one of only two privately operated refineries in Iraq.
- CommoditiesPhysical energy trading through ONEX DMCC, from Dubai and Geneva.
- ShippingA fleet of 11 tankers, seven LR2s and four VLCCs, serving our trading, refining and upstream businesses.
- Real EstateThe OWO, London — home to Raffles London and 85 residences.
- RenewablesDeveloping, owning and exiting utility-scale wind in Portugal and Spain.
- TelecomPassive tower infrastructure in India through Ascend and TVI.
- DigitalAn omnichannel retailer of home appliances and technology in Iraq.
- MiningA shareholding in PDI Gold (ASX/TSX: PDI), the West African gold producer.
