PRODUCED BY:

WINNER OF:

WITH THANKS TO Iraqi Ministry of Oil

INTERNATIONAL INVESTMENT CONFERENCE

REFINING CRUDE OIL MARKETING PETROCHEMICALS

19 - 20 MAY 2008, JW MARRIOT HOTEL, DUBAI

IR

AQ

www.thecwcgroup.com

SPONSORS

CWC Associates Limited is pleased to announce the next event in our Iraq series, Iraq Energy 2008, which followsthe very successful Iraq Petroleum 2007 conference which was addressed by H.E. Dr Hussain Al Shahristani. We are also delighted to announce that a senior level delegation from the Ministry of Oil will address the conference.

CWCS PROFILE IN IRAQ

CWC Associates Limited is honoured to have worked with the Iraqi Government in the development of a series of prestigious events to promote investment in the Oil & Gas, Power, Water and Telecommunication sectors.

WHO SHOULD ATTEND?

Senior decision makers from the following international and domestic sectors: Major international oil & gas companies Downstream oil industry Petrochemical sector Refining community Technical and service companies Security companies Financial institutions Legal companies Consultants

Iraq Petroleum 2003, 2007, opened by H.E. THE MINISTER OF OIL, IRAQ Iraq Petroleum Technical Seminar 2004 , opened by H. E. THE MINISTER OF OIL REPRESENTATIVE, IRAQ Iraq Power 2004, opened by H.E. THE MINISTER OF ELECTRICITY, IRAQ Iraq Telecoms 2004, 2006 & 2007, opened by H.E. THE MINISTER OF COMMUNICATIONS, IRAQ

Identify the opportunities within the new legislation - refinery investment law Explore opportunities in the Iraqi downstream oil industry Identify investment needed and the modernization plans of the Iraqi refineries Discover the huge incentives to improve the investment climate in Iraqs downstream sector The conference provides the most fertile ground for the participants to gain invaluable opportunities to generate new business Reconstruction and modernization projects will be enhanced by the participation of International and national investors of recognized technical, managerial and operational skills Hear from high-level, respected speakers from the international community on legal, technical, financing and marketing issues

WHY ATTEND?

KEY SPEAKERS INCLUDE:

Adam J Robinson, Energy Research Analyst, LEHMAN BROTHERS Alirio A Parra, Senior Associate, CWC ASSOCIATES LIMITED Herman Franssen, President, INTERNATIONAL ENERGY ASSOCIATES, INC. J Jay Park, Partner and Chair, INTERNATIONAL ENERGY PRACTICE GROUP MACLEOD DIXON LLP Mohammed Azam Ali, Chief Executive Officer, ORIENT & GULF DMCC DUBAI Neil Atkinson, Business Development, KBC Pedro Van Meurs, President, VAN MEURS CORPORATION Tariq Shafiq, President, PETROLOG ASSOCIATES Yahia Said, Director for Middle East and North Africa, REVENUE WATCH INSTITUTE

CONFERENCE PROGRAMME DAY 1

MONDAY 19 MAY 2008
08:00 REGISTRATION & WELCOME COFFEE Neil Atkinson, Senior Staff Consultant, KBC MARKET SERVICES Questions & Answers 13:00 NETWORKING LUNCH hosted by

09:00 CHAIRMANS OPENING REMARKS Dr. Alirio Parra, Senior Associate, CWC ASSOCIATES LIMITED

09.45 OPENING MINISTERIAL ADDRESS

The new legislation and the potential of Iraqs downstream oil and gas activities H.E. Ahmed Al Shamaa, Iraqi Deputy Oil Minister, MINISTRY OF OIL, IRAQ

14:30 SESSION THREE: POTENTIAL FOR THE EXPANSION OF IRAQS PETROCHEMICAL AND MINERAL INDUSTRY
The present state of Iraqs petrochemical industry Basra Petrochemical Complex Other petrochemical plants and projects The present size and growth of Iraqs demand for petrochemical products Opportunities for export of Iraqs future petrochemical products Regional distribution of petrochemical projects The choice of petrochemical projects Investment requirements for the development of Iraqs petrochemical industry The choice of petrochemical feedstock The economics of petrochemical projects

09.45 SESSION ONE: THE PRESENT STATE OF IRAQS OIL REFINING AND THE RISE OF CRUDE OIL PRICES
Iraqs refining industry, designed capacity and technology Daura Refinery Baiji Refinery Complex Basra Refinery Other small refineries Oil products yield of present refineries The need for renovation and modernization of present refineries Refining process and the building of sophisticated oil refineries Refining procedures and the value added to the unrefined product Crude oil prices and market vertical demand Oil refining - large profits to compensate huge investment Chairman: Dr. Alirio Parra, Senior Associate, CWC ASSOCIATES LIMITED Dathar Al Khashab, Director General Midland Refineries, MINISTRY OF OIL, IRAQ Dr. Mussab Al Dujayli, Head Crude oil Marketing, SOMO, MINISTRY OF OIL, IRAQ Andrew Laven, General Manager IST, BP MIDDLE EAST Zaid A. Mahdi, Business Development Director, TRADE BANK OF IRAQ Questions & Answers 11:15 NETWORKING COFFEE BREAK hosted by

Chairman: Tariq Shafiq, President, PETROLOG Dr. Mustafa M. F. Al-Jarrah, International Petro-chem Consultant, MINISTRY OF INDUSTRY, IRAQ Bill Tucker, Chairman, TUCKER & ASSOCIATES Questions & Answers
15:30 NETWORKING COFFEE BREAK hosted by

16:00 SESSION FOUR: INVESTMENT REQUIREMENTS FOR REFINING PROJECTS AND THE LEGAL ENVIRONMENT
Investment requirements for the development of Iraqs refining industry The need for foreign investment Are the incentives sufficient? The need to create a conducive legal, economic and financial environment to encourage international investment The law for oil refining industry Incentives for international investment Foreign partnership and participation The law of oil products imports The need to liberalise local oil product market Chairman: J. Jay Park, Partner and Chair, International Practice Group, MACLEOD DIXON LLP Dathar Al Khashab, Director General Midland Refineries, MINISTRY OF OIL, IRAQ J. Jay Park, Partner and Chair, International Practice Group, MACLEOD DIXON LLP Mark Lewis, Consultant, ENERGY MARKET CONSULTANTS, (UK) LTD Questions & Answers 17:30 EVENING DRINKS RECEPTION hosted by

11:45 SESSION TWO: POTENTIAL FOR THE EXPANSION IN IRAQS REFINING INDUSTRY AND THE NEW STRUCTURE OF IRAQS DOWNSTREAM OIL AND PETROCHEMICAL INDUSTRY
The present size of Iraqs demand for various oil products and future growth demand Types of crude oils produced in Iraq (light, medium, heavy and sour crude) The choice of crude oil feedstock for new refineries Regional distribution of new refineries The economics of oil refining industry The Choice between oil products import or building new refineries The present structure Government ownership Government regulation and subsidies The role of the ministry of oil and the ministry of industry The scope for the privatization of the downstream section Plans for training - Iraq present training facilities Wages, incentives and prodctivity Chairman: Tariq Shafiq, President, PETROLOG Ali Al Obaidi, D.G. Northern Refineries Company, MINISTRY OF OIL, IRAQ Falah Al Khawaja, Director General Oil Projects, SCOP, MINISTRY OF OIL, IRAQ

CONFERENCE PROGRAMME DAY 2

TUESDAY 20 MAY 2008
08:00 09:00 WELCOME COFFEE WELCOME REMARKS FROM THE CHAIRMAN & KEYNOTE ADDRESS

12.45 CLOSING REMARKS AND FINAL DISCUSSION: IRAQ AND THE IOC PARTNERSHIPS IN DOWNSTREAM
The relationships with the IOC and the new models of cooperation in the downstream sector The need to find a structure that is attractive to both sides The challenges; does Iraq have the expertise to develop the downstream without the IOC? The size of requirements Dr. Alirio Parra, Senior Associate, CWC ASSOCIATES LIMITED J. Jay Park, Partner and Chair, International Practice Group, MACLEOD DIXON LLP Dathar Al Khashab, Director General Midland Refineries, MINISTRY OF OIL, IRAQ 13:15 14:30 NETWORKING LUNCH hosted by CLOSE OF CONFERENCE

The Development of Iraqs Oil and Gas Industry H.E. Ibrahim M. Baher Al Olom, Former Oil Minister of Iraq

09:30 SESSION FIVE: PIPELINES AND OIL TERMINALS

Upgrading the Iraqi oil ports, how to restore the oil infrastructure? Development and rehabilitation plans for oil terminals Management of the ports Modern management and information processing in oil ports Controlling security in oil ports and the challenges Above ground facilities the size of requirements for the development of pipelines and export facilities The need for new pipelines and associated pipelines facilities New solutions for pipelines operational system, safety and reliability Pipelines replacement and emergency repair Pipelines information management, pipelines monitoring Potential projects and the present oil products distribution network and storage capacity The need to modernise the present oil products pipeline network

Chairman: H.E. Ibrahim M. Baher Al Olom, Former Oil Minister of Iraq Abdul Elah Sadik Jaafar, Expert in the Technical Department, MINISTRY OF OIL, IRAQ Dr. Pedro Van Meurs, President, VAN MEURS CORPORATION Mohammed Makkawi, Iraq Pipeline Project Director, DANA GAS Brigadier James Ellery, CBE, Director, AEGIS DEFENCE SERVICES LIMITED Questions & Answers 11:00 NETWORKING COFFEE BREAK

IRAQ ENERGY 2008 HAS ATTRACTED DELEGATES FROM ACCROSS THE WORLD. PARTICIPANTS INCLUDE:
Addax Petroleum AEGIS Defence Services Ltd Afton Chemical Ltd Al-Sard Argus Media Armorgroup Axens BASF FZE BP Exploration Operating Company Ltd BP International Ltd BP Middle East CCC Chevron Chevron Oronite SA ConocoPhillips Dogan Sirketler Grubu Holding AS Dow Jones Newswires Energy Intelligence Energy Market Consultants UK Ltd Fulbright & Jaworski LLP Garda General Electric Grant Thornton Gulf Region Division Usace Herbert Smith LLC Ineos Europe Ltd Ineos UK Ltd International Octane Ltd International Petroleum Transactions IOCOI - HMBS Iraqi British Chamber of Commerce & Industry Iraqi Business Council Japan Oil & Gas & Metals National Corporation JGC Corporation KBC Market Services Khazar Associates Macleod Dixon LLP Maersk Oil Marathon International Petroleum Ltd Marsh Insco Marubeni Corporation Middle East Association Middle East Economic Survey MNF-I - Stratops MSI Baghdad Iraq Nabucco Gas Pipeline International GmbH National Iranian Oil Refining & Distribution Company New America Foundation Nikkei Inc Nippon Oil Exploration Ltd North Oil Services Holdings Ltd OMV Refining & Marketing GmbH Orient & Gulf DMCC PETROLOG PETZED Investment & Project Management Ltd Platts Prokop Engineering Brno STO SBH LLC Schlumberger Shell EP International Siemens Skylink Arabia Staghorn Energy LLC StatoilHydro Tanganyika Oil Tatweer Energy - MSI Technoexport Ltd Tharwa Petroleum Company Total SA Toyota Tsusho Corporation Trade Bank of Iraq TRC Tucker & Associates Tpras Unity Resources Group UOP Ltd US Department of Energy US Department of State Van Meurs Corporation Varec Inc Vinson & Elkins LLP WorleyParsons

11:30 SESSION SIX: THE UTILISATION OF GAS RESOURCES IN IRAQ

Gas and gas treatment projects Natural gas processing plants Integrated solutions for fixed gas detection technology Gas gathering projects Storage facilities, pipelines and gas compressor stations Gas transport, gas pipelines, joint gas pipelines with the neighboring countries / gas pipelines and associated pipelines facilities / and the potential LPG feedstock, plans for the plants, the bottling plants, separation and storage facilities and the safety rules Chairman: H.E. Ibrahim M. Baher Al Olom, Former Oil Minister of Iraq Majid Hamid Jafar, Executive Director, CRESCENT PETROLEUM Thomas S Watts, Iraq Project Director, CRESCENT PETROLEUM Mohammed Azam Ali, Chief Executive Officer, ORIENT & GULF DMCC, DUBAI Johann Gallistl, Manager, NABUCCO GAS PIPELINE INTERNATIONAL GMBH Questions & Answers

POST-CONFERENCE WORKSHOP
WEDNESDAY 21 MAY 2008

UNDERSTANDING THE EMERGING DOWNSTREAM PETROLEUM LEGAL REGIME IN IRAQ

Instructor:
J Jay Park Partner and Chair, International Energy Practice Group, MACLEOD DIXON LLP Time: 09:00 - 16:00

The workshop will provide delegates with a thorough knowledge of the main legal issues. There will be a full analysis of the refineries investment law and Iraqs new framework for oil investment which follows the democratic, federal and free market principles mandated by the Iraqi constitution

PROGRAM OUTLINE:
1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. Introduction The Structure of a Petroleum Regime Fostering Investment: The Role of the Petroleum Regime Iraqs Constitution: Laying the Foundation Iraqs Draft Federal Upstream Oil & Gas Law: Six Questions Iraqs Downstream Petroleum Regime- Investment Law, No. 13 of 2006 and Investment Law for Refining Crude Oil, No. 64 of 2007 Interaction between Upstream Petroleum Regime and Downstream Petroleum Regime The Role of Regional Law Possible Downstream Investment Structures under Iraqs Petroleum Legal Regime Expected Next Steps in Iraqs Petroleum Development Conclusion

Materials: Delegates will receive the following materials as part of their workshop registration package: PowerPoint Slides from Presentation

NETWORKING OPPORTUNITIES
Network, build relationships and generate new business with senior representatives from the downstream sector in Iraq Increased interaction and communication among participants, including government officials, national and international investors Provide a platform for information exchange and project development The opportunity to enhance your profile in the Iraqi oil industry

NETWORKING FUNCTIONS
The conference will include a number of excellent functions in order to maximize your networking experience. These will include: Pre-Conference Registration Welcome Drinks Reception Networking Coffee Breaks Networking Lunches
IRAQ PETROLEUM CONFERENCE 2007

WHAT IRAQ PETROLEUM 2007 DELEGATES HAD TO SAY

i Effficient organization, excellent content, timing was good, speakers quality was high, chairman closing remarks were good
Dathar Al Khashab, Director General Midland Refineries, MINISTRY OF OIL

Very informative and good networking opportunity

Luay Jawad, Business Development Manager Iraq, SHELL E&P LTD

REGISTRATION FORM
19TH - 21ST MAY 2008, JW MARRIOTT, DUBAI

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ONLINE - at www.thecwcgroup.com The quickest & easiest way to book FAX - Your completed form to +44 20 7978 0099 POST - Your completed form along with payment CWC Associates Limited, Regent House, 16-18 Lombard Road, London, SW11 3RF, UK

DELEGATE FEES
Conference + Workshop Conference Only 1749 1249

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Full payment must be received prior to the event for entrance to be guaranteed. If payment is not received a personal credit card will be required to allow entry. If payment is made on the day, there will be an additional on site administration charge of 50 that will apply. A confirmation letter and invoice will be sent to you on receipt of your booking. If you are unable to attend, a substitute delegate is always welcome. If you cancel your place more than two weeks before the event a cancellation fee of 10% shall be applicable. If you cancel your registration within two weeks of the event or fail to attend the event then a 25% cancellation fee shall be applicable. Cancellation must be made in writing and will be acknowledged in writing. Refunds will only be due if cancellation is made prior to the event. It may be necessary for reasons beyond the control of the organisers to alter the content, timings or venue. The Company will not accept liability for any transport disruption or individual transport delays and in such circumstances the normal cancellation restrictions apply.

VENUE INFORMATION

DATA PROTECTION

The personal information provided by you will be held on a database and may be shared with companies in the CWC Group. Sometimes your details may be made available to external companies for marketing purposes. If you do not wish your details to be used for this purpose please write to: Database Administrator, CWC Associates Limited, Regent House, Oyster Wharf, 16-18 Lombard Road, London SW11 3RF, UK or email database@ thecwcgroup.com

JW Marriott Hotel Abu Baker Al Siddique Road, Adjacent to Hamarain Shopping Center P.O. Box 16590 Dubai, 16590 United Arab Emirates Phone: +971 4 2624444 Fax: +971 4 2626264

ACCOMMODATION

REGISTERED OFFICE

CWC Associates Limited, Regent House, Oyster Wharf, 16-18 Lombard Road, London SW11 3RF, UK

The conference fee does not include accommodation. A limited number of reduced room rates have been reserved for delegates at the JW Marriot, Dubai. Accommodation information will be sent to you with your confirmation letter by our Client Services Team when you register.
CAN/A 818