Iraq Oil and Gas Market Update

Main Update Highlights from entire month of June, 2013

Technip wins contract for Karbala refinery ‐ Oil Projects Company has awarded a significant
contract to Technip for project management consultancy (PMC) services for the engineering,
procurement and construction (EPC) phase of the Karbala refinery. This award follows the front‐end
engineering design executed by Technip in 2010.

Gulf Keystone to drill deepest well in Kurdistan ‐ UK‐based Gulf Keystone Petroleum has
spudded the first deep well in the Shaikan Block in Kurdistan Region of Iraq as the firm looks to drill
deeper on its Shaikan discovery than ever before.

First stage of Kurdish oil pipeline complete ‐ Kurdish minister outlines pipeline plans.

Iraq tenders power station telecoms deal ‐ Contracts covers communications and security
system at Shat al‐Basra facility.

Baghdad unveils energy strategy ‐ Iraq’s priority is to ramp up its oil and gas infrastructure
before deciding on production targets

Companies invited to prequalify for Kurdistan hydropower schemes ‐ Hydropower programme
will involve building seven dams in Kurdish region of Iraq

Petronas retenders Iraq power deal ‐ July deadline set for Gharraf gas‐to‐power project