Board of Directors of the company:

1. Parwen Babaker Hama Agha (President of the company), holding BSc. Chemistry, BA in English language and x-Minister of Industry/ KRG.
2. Hama Jaza Kadir, (Vice- president), BSc in Engineering petroleum, International consultant and a senior petroleum advisor for Technical and Business Development.
3. Azad Said Ibrahim, BSc in Law and BSc in Finance, a senior legal advisor, Director of the financial and Law department and x-deputy minister.
4. Dilshad O. Fathulla, MSc in accounting, a senior financial advisor. 

At present (August 2009 and since July 2006) WZA is chaired by Parwen Babaker Hama Agha supported by a team composed from a senior petroleum advisor  for Technical and Business Development, a senior legal advisor, a senior Financial Advisor, Local/International consultants, technical and administrative staff.

Among WZA technical and administration staffs include many highly qualified and more than 35 years experiences in geology, geophysics, petroleum chemistry, petroleum engineering, drilling engineering, refining, mechanical, environmental studies, civil engineering and high caliber administration, legal and accounting – auditing professionals.

Based on gathered experience and past successful activities in domestic oil industry sector, during the last decade WZA Petroleum Company Limited signed an MOU dated 04.05. 2006 as Production Sharing Agreement (PSAs) for several geological exploration blocks with the Regional Administration of Kurdistan -Iraq represented by the Sulaimani based Kurdistan Regional Government- KRG for the exploration and appraisal of geological structures located between Lesser Zab river from the North West and Iraqi/Iranian border from the South East. The MoU included that WZA Petroleum Co. as basic local company was obliged to invite International Oil Companies (IOCs) to participate in these PSAs to guarantee the uses of the best available technologies, standards and flow of investments and needed international experiences into Kurdistan and Iraq to substitute and compensate for the deficiencies and lack of the required resources in    this important sector to develop these virgin geological structures and as whole the oil and gas sector on which the country economy is depending to the limit of 95%.

For this purposes WZA technical and business development staff invited many IOCs to visit Kurdistan or to meet them in Turkey, Jordan and Europe and started negotiations and arranged field trips to these geological structures with more than fourteen IOCs to explore the feasibility for E&P chances for more than 22 low and medium risk geological structures.

Some of these negotiations led to several agreements, MoUs and providing numerous consultancy services, ESIA and geological studies by WZA Petroleum Co. Ltd. to IOCs which are operating in Kurdistan since 2002.

Among achievements WZA highly experienced local experts and G&G staff established a special petroleum Data Bank and made it available for the purpose of developing oil and gas industry in the Kurdistan region of Iraq and ready to be shared if requested by any IOCs and MNR/KRG recommendations.

During 2007, and upon passing the Oil legislation (NO. (28) – 2007 OIL AND GAS LAW OF THE KURDISTAN REGION - IRAQ ) by Kurdistan parliament, the above MoU between KRG and WZA Pet. Co. amended by  MNR/KRG and WZA in which above WZA rights replaced by getting priority in awarding the 20% shares allocated to local companies in any PSAs between KRG and IOCs, which may be agreed upon.

WZA Pet Co. Ltd. with the HQ in Sulaimani  (with offices in Erbil, Baghdad, Dubai and London) invested in above activities more than USD 4 million, and planned to invest USD 60 million to purchase and operate an oil well drilling rig with a capacity of 1500 hp, a complete cementing/acidizing/bulking units and plant, DST/RFT  team and a Seismic equipment (for 2D, 3D acquisitions, processing and interpretations), an API modern petroleum Laboratory    with core handling, analysis and testing facilities, Down Hole Tools/Fishing/Motors/Jars repair workshops and ware houses.

For above purposes, during 2008-2009 WZA staff paid several visits to China, Europe, Canada and USA. Finalizing and decision makings about these projects are to be taken during 2009 and the first half of 2010, above activities are planned to be operational during second half of 2010.

WZA is inviting Local and international investors to share and participate in these projects.

Based on present WZA's staff previous experiences in refinery construction, refining and process engineering  and operation during the last three decades, during 2007-2008, KRG invited WZA Pet. Ltd to join and support the Down Stream and Midstream activities as an investor and operator for the purpose of Completing the uncompleted   Bazian 20 000 barrels per day oil refinery (Topping Plant), to Up Grade it to a Standard Oil refinery (construction of reformer, hydrotreater and other necessary accessories) to produce standard quality fuel products.

For this purpose WZA interned and signed mainly two agreements, number one to guarantee CAPEX & OPEX to Complete/Upgrade/Expand the refinery capacity, number two for the supply of crude oil from the KRG operational oilfields, obliged WZA to and deliver all of refined products to KRG depots. Construction of this project (Topping Plant) is now in final completion stage and delivering of Crude oil planed to be started soon (during Aug 2009) to run commissioning test of the refinery and production.

To Upgrade/Expand the refinery capacity, negotiations are ongoing with several investors/banks locally and internationally, as well as WZA-KRG are welcoming and inviting   investors/banks in Kurdistan, Iraq, ME or internationally to participate in this Down Stream business opportunities which will stay open until End of September 2009.

For above Bazian Refinery, WZA took actions to fulfill all contractual obligations, for this aim in addition to its local expertise it  hired extra technical staff from some countries in the Middle East . Technical and Financial Teams from USA, Turkey and Europe paid visits to Bazian refinery (40 km to West Sulaimani) and many studies has been initiated for Upgrading and expanding.

The uncompleted Bazian Topping plant valued around USD 50 millions, WZA invested until now and ought to invest more than USD 400 million to Complete/Upgrade/Expand to 40-50 K BOPD, construct crude oil Pipelines from oilfields to Bazian refinery (65kms) and construct products pipeline (55kms) from Bazian refinery to KRG depots near Kharajian village.

WZA Pet. Co. is willing to share these investment opportunities with other local and international investors for which they may contact the president of the company at: