Iraq State Oil Company

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The Iraq National Oil Company (INOC) was founded in 1966 by the Iraqi government. It was empowered to operate all aspects of the oil industry in Iraq except for refining which was already being run by the Oil Refineries Administration (1952) and local distribution which was …Headquarters: Baghdad, Iraq…

Oct 18, 2018 · ERBIL, Iraq (Reuters) - Iraqi Oil Minister Jabar al-Luaibi has issued a decree transferring the ownership of nine state-owned oil companies, including state oil marketer SOMO, from the oil ministry...…

The Iraq Petroleum Company (IPC), known prior to 1929 as the Turkish Petroleum Company (TPC), is an oil company which, between 1925 and 1961, had a virtual monopoly on all oil exploration and production in Iraq.It is jointly owned by some of the world's largest oil companies and headquartered in London, England, although today it is a paper entity with historical rights and plays no part in ...Industry: Oil exploration and production…

Mar 05, 2018 · The new company will serve as an umbrella organization for Iraqi state oil firms, said Hamza al-Jawahiri, an oil analyst who helped the oil ministry draft the law.…

By John Lee. A group of companies led by Hyundai Engineering & Construction has won a $6.04-billion contract to build the new 140,000-bpd Kerbala oil refinery. The Iraqi cabinet approved the deal between the Oil Ministry’s State Company for Oil Projects (SCOP) and the consortium on Tuesday. Construction is to be completed within 54 months.…

The following is a list of International Oil Companies (IOCs) operating in Iraq under licences granted by the Ministry of Oil in Baghdad: Bashneft. BP. China National Offshore Oil Corporation (CNOOC) China National Petroleum Corporation (CNPC) Dragon Oil. Egyptian General Petroleum Corporation (EGPC) Eni.…

BASRA - The name of Iraq's largest state-owned upstream oil company now reflects the name of Iraq's oil capital: the South Oil Company (SOC) has officially become the Basra Oil Company (BOC). In an order this week, Oil Minister Jabbar al-Luiebi formally renamed SOC, where he worked for decades, including as director general from 2003 to 2008.…

Iraq will then represent a large and increasing percentage of the world's supplies – perhaps over thirty percent. An international company must hold a serious stake in Iraq if it is to retain its status as a major player in the world's oil industry. The Anglo-American giants know they must gain the lion's share in Iraq or decline irrevocably.…