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In 1961 Iraq passed Public Law 80 whereby Iraq expropriated 95% of IPC's concessions and the Iraq National Oil Company was created and empowered to develop the assets seized from IPC under Law 80. This arrangement continued in 1970 when the government demanded even more control over IPC, eventually nationalizing IPC after negotiations between ...
Pages in category "Oil and gas companies of Iraq" The following 11 pages are in this category, out of 11 total. ... Rumaila Operating Organization; S.
Largest bank in Iraq S A Rasheed Bank: Financials Banks Baghdad: 1988 Second largest bank in Iraq S A Real Estate Bank of Iraq: Financials Banks Baghdad: 1948 S A Rumaila Operating Organization: Energy Oil & Gas Basra: 2010 Exploration & production S A State Organization for Marketing of Oil: Industrials Business support services Baghdad: 1972 ...
Rumaila Operating Organization was founded by BP, PetroChina, the State Oil Marketing Organization (SOMO) and Basra Oil Company (BOC) (formerly South Oil Company (SOC)) in order to operate the 20-year rehabilitation and expansion of Rumaila oil field in southern Iraq, [1] which was discovered in 1953 and has been in operation since 1954, with extensive exploration and production since the late ...
National Iranian Oil Company Iran: North Oil Company Iraq: South Oil Company: Missan Oil Company: Midland Oil Company: Delek Israel: Isramco: Modiin Energy: Eneos Japan: Inpex: JAPEX: KazMunayGas Kazakhstan: Kuwait Petroleum Corporation Kuwait: Consolidated Contractors Company Lebanon: Petronas Malaysia: Petroleum Development Oman Oman: Oil and ...
Basra Oil Company (BOC) (Arabic: شركة نفط البصرة), formerly Iraqi South Oil Company, [1] is a national Iraqi company responsible for the oil in the south of Iraq. It is situated in Basra. BOC is one of the major fundamental formations of the Iraq National Oil Company (INOC). It was the first nucleus and the basis of national direct ...
The Iraq National Oil Company (INOC) was founded in 1966 by the Iraqi government. [1] 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 also already under government control.
In October 2024, the Chinese company CNOOC Limited announced that it signed an Exploration, Development & Production Contract (EDPC) with the company. CNOOC has won a bid to explore an oil block, Block-7, located in Diwaniyah province, Iraq. This marks a significant shift in Iraq's oil industry as it moves away from technical service contracts ...