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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 ...
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 ...
The Rumaila oil field is a super-giant oil field [1] located in southern Iraq, approximately 50km to the south west of Basra City. [2] Discovered in 1953 by the Basrah Petroleum Company (BPC), an associate company of the Iraq Petroleum Company (IPC), [3] [4] [5] the field is estimated to contain 17 billion barrels, which accounts for 12% of Iraq's oil reserves, estimated at 143 billion barrels.
TotalEnergies would take on a 45% stake in the Basra Oil Company, with Iraq holding 30% and Qatar's state-owned petroleum company taking the other 25%. It would recover natural gas from three oil ...
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Shell was the operator and holder of 45 percent stake at Majnoon, with Malaysia's Petronas owning 30 percent, and Iraq's Missan Oil Company holding the remaining 25 percent. In June 2018 officials from Shell and Basra Oil Company met to mark the handing over of the operations of the field.
The Iraqi Ministry of Oil (MoO) Master Plan 2007 included the Iraq Crude Oil Export Expansion Project (ICOEEP) to expand the South Oil Company's export capacity from 1.75 Mbbl (278,000 m 3) of oil per day (MMBOPD) to 4.5 Mbbl (720,000 m 3) of oil per day by 2014.
But if you think energy prices will rebound in 2025, well, a company focused on producing oil and natural gas will likely be the more attractive option. Devon Energy fits that bill with a U.S ...
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