INTERNATIONAL INVESTMENT CONFERENCE

IR

A Q

WITH THANKS TO Iraqi Ministry of Oil

www.thecwcgroup.com

PRODUCED BY: WINNER OF:

19 - 20 MAY 2008, JW MARRIOT HOTEL, DUBAI

REFINING CRUDE OIL MARKETING PETROCHEMICALS

SPONSORS

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•

WHY ATTEND? 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 Iraq’s 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

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.

Iraq Petroleum 2003, 2007• , opened byH.E. THE MINISTER OF OIL, IRAQ

Iraq Petroleum Technical Seminar 2004• , opened byH. E. THE MINISTER OF OIL REPRESENTATIVE, IRAQ

Iraq Power 2004, • opened byH.E. THE MINISTER OF ELECTRICITY, IRAQ

Iraq Telecoms 2004, 2006 & 2007, • opened byH.E. THE MINISTER OF COMMUNICATIONS, IRAQ

CWC’S PROFILE IN IRAQ

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.

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

TariqShafiq,• President, PETROLOG ASSOCIATES

Yahia Said, • Director for Middle East and North Africa, REVENUE WATCH INSTITUTE

CONFERENCE PROGRAMME DAY 1MONDAY 19 MAY 2008

08:00 REGISTRATION & WELCOME COFFEE

09:00 CHAIRMAN’S OPENING REMARKSDr. Alirio Parra, Senior Associate, CWC ASSOCIATES LIMITED

09.45 OPENING MINISTERIAL ADDRESS

09.45 SESSION ONE: THE PRESENT STATE OF IRAQ’S OIL REFINING AND THE RISE OF CRUDE OIL PRICES

14:30 SESSION THREE: POTENTIAL FOR THE EXPANSION OF IRAQ’S PETROCHEMICAL AND MINERAL INDUSTRY

16:00 SESSION FOUR: INVESTMENT REQUIREMENTS FOR REFINING PROJECTS AND THE LEGAL ENVIRONMENT

11:45 SESSION TWO: POTENTIAL FOR THE EXPANSION IN IRAQ’S REFINING INDUSTRY AND THE NEW STRUCTURE OF IRAQ’S DOWNSTREAM OIL AND PETROCHEMICAL INDUSTRY

The new legislation and the potential of Iraq’s downstream oil and • gas activities

H.E. Ahmed Al Shamaa, Iraqi Deputy Oil Minister,MINISTRY OF OIL, IRAQ

Iraq’s 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, IRAQDr. Mussab Al Dujayli, Head Crude oil Marketing,SOMO, MINISTRY OF OIL, IRAQAndrew 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

The present state of Iraq’s petrochemical industry • Basra Petrochemical Complex• Other petrochemical plants and projects•

The present size and growth of Iraq’s demand for petrochemical • productsOpportunities for export of Iraq’s future petrochemical products• Regional distribution of petrochemical projects• The choice of petrochemical projects • Investment requirements for the development of Iraq’s • petrochemical industryThe choice of petrochemical feedstock• The economics of petrochemical projects•

Chairman: Tariq Shafiq, President, PETROLOG

Dr. Mustafa M. F. Al-Jarrah, International Petro-chem Consultant, MINISTRY OF INDUSTRY, IRAQBill Tucker, Chairman, TUCKER & ASSOCIATES

Questions & Answers

15:30 NETWORKING COFFEE BREAK hosted by

Investment requirements for the development of Iraq’s refining • industryThe need for foreign investment • Are the incentives sufficient?• The need to create a conducive legal, economic and financial • environment to encourage international investmentThe 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, IRAQJ. Jay Park, Partner and Chair, International Practice Group,MACLEOD DIXON LLPMark Lewis, Consultant,ENERGY MARKET CONSULTANTS, (UK) LTD

Questions & Answers

17:30 EVENING DRINKS RECEPTION hosted by

The present size of Iraq’s 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, IRAQFalah Al Khawaja, Director General Oil Projects, SCOP,MINISTRY OF OIL, IRAQ

Neil Atkinson, Senior Staff Consultant, KBC MARKET SERVICES

Questions & Answers

13:00 NETWORKING LUNCH hosted by

CONFERENCE PROGRAMME DAY 2TUESDAY 20 MAY 2008

08:00 WELCOME COFFEE

09:00 WELCOME REMARKS FROM THE CHAIRMAN & KEYNOTE ADDRESS

The Development of Iraq’s Oil and Gas IndustryH.E. Ibrahim M. Baher Al Olom, Former Oil Minister of Iraq

09:30 SESSION FIVE: PIPELINES AND OIL TERMINALS

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

IRAQ ENERGY 2008 HAS ATTRACTED DELEGATES FROM ACCROSS THE WORLD.

PARTICIPANTS INCLUDE:

12.45 CLOSING REMARKS AND FINAL DISCUSSION:IRAQ AND THE IOC PARTNERSHIPS IN DOWNSTREAM

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 capacityThe 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, IRAQDr. Pedro Van Meurs, President, VAN MEURS CORPORATIONMohammed Makkawi, Iraq Pipeline Project Director,DANA GASBrigadier James Ellery, CBE, Director,AEGIS DEFENCE SERVICES LIMITED

Questions & Answers

11:00 NETWORKING COFFEE BREAK

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 PETROLEUMThomas S Watts, Iraq Project Director, CRESCENT PETROLEUMMohammed Azam Ali, Chief Executive Officer,ORIENT & GULF DMCC, DUBAIJohann Gallistl, Manager,NABUCCO GAS PIPELINE INTERNATIONAL GMBH

Questions & Answers

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 LIMITEDJ. Jay Park, Partner and Chair, International Practice Group,MACLEOD DIXON LLPDathar Al Khashab, Director General Midland Refineries,MINISTRY OF OIL, IRAQ

13:15 NETWORKING LUNCH hosted by

14:30 CLOSE OF CONFERENCE

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 • Tüpras • Unity Resources Group •

UOP Ltd • US Department of Energy • US Department of State • Van

Meurs Corporation • Varec Inc • Vinson & Elkins LLP • WorleyParsons

UNDERSTANDING THE EMERGING DOWNSTREAM PETROLEUM LEGAL REGIME IN IRAQ

Instructor: J Jay ParkPartner 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 Iraq’s new framework for oil investment which follows the democratic, federal and free market principles mandated by the Iraqi constitution

PROGRAM OUTLINE:Introduction1. The Structure of a Petroleum Regime2. Fostering Investment: The Role of the Petroleum Regime3. Iraq’s Constitution: Laying the Foundation4. Iraq’s Draft Federal Upstream Oil & Gas Law: Six Questions5. Iraq’s Downstream Petroleum Regime- Investment Law, No. 13 of 2006 and Investment Law for Refining Crude Oil, No. 64 of 20076. Interaction between Upstream Petroleum Regime and Downstream Petroleum Regime7. The Role of Regional Law8. Possible Downstream Investment Structures under Iraq’s Petroleum Legal Regime9. Expected Next Steps in Iraq’s Petroleum Development10. Conclusion11.

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

NETWORKING OPPORTUNITIESNetwork, 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 • investorsProvide a platform for information exchange and project development• The opportunity to enhance your profile in the Iraqi oil industry•

NETWORKING FUNCTIONSThe 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•

WHAT IRAQ PETROLEUM 2007 DELEGATES HAD TO SAY

‘Very informative and good networking opportunity’Luay Jawad, Business Development Manager Iraq, SHELL E&P LTD

‘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

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POST-CONFERENCE WORKSHOPWEDNESDAY 21 MAY 2008

IRAQ PETROLEUM CONFERENCE 2007

REGISTRATION FORM

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

C A N / A 8 1 8

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

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DELEGATE FEESConference + Workshop £1749

Conference Only £1249

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ONLINE - at www.thecwcgroup.comThe quickest & easiest way to book

FAX - Your completed form to +44 20 7978 0099

POST - Your completed form along with paymentCWC Associates Limited, Regent House, 16-18 Lombard Road, London, SW11 3RF, UK

BOOKING CONDITIONSFullpaymentmustbereceivedpriortotheeventforentrancetobeguaranteed.Ifpaymentisnotreceivedapersonalcreditcardwill be required to allow entry. If payment is made on the day, therewillbeanadditionalonsiteadministrationchargeof£50that 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 INFORMATIONJW Marriott HotelAbu Baker Al Siddique Road, Adjacent to Hamarain Shopping CenterP.O. Box 16590 Dubai, 16590United Arab Emirates

Phone: +971 4 2624444 Fax: +971 4 2626264

ACCOMMODATIONThe 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.

DATA PROTECTIONThe 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

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