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Iraq's economy is dominated by the oil sector, which as 2021, provides about 92% of foreign exchange earnings. [1] The lack of development in other sectors has resulted in 13% [ 2 ] unemployed as of 2017 per capita GDP of $7,000. [ 3 ]
Korea National Oil Corporation South Korea: Korea Gas Corporation: CPC Corporation Taiwan: PTT Thailand: Thai Oil: Türkiye Petrolleri Anonim Ortaklığı Turkey: Çalık Enerji: Aladdin Middle East Ltd. ("AME") Abu Dhabi National Oil Company United Arab Emirates: Emirates National Oil Company: Uzbekneftegaz Uzbekistan: Petrovietnam Vietnam ...
On June 30 and December 11, 2009, the Iraqi Ministry of Oil awarded contracts to international oil companies for some of Iraq's many oil fields. The winning oil companies entered joint ventures with the Iraqi Ministry of Oil, and the terms of the awarded contracts include extraction of oil for a fixed gain of $1.40 per barrel for the oil companies with the remainder going to Iraq.
Pages in category "Oil and gas companies of Iraq" The following 11 pages are in this category, out of 11 total. This list may not reflect recent changes. B.
Iraqi oil production has surged after years of disorder. [1] Historical development of oil production. Iraq was the world's 5th largest oil producer in 2009, and has the world's fifth largest proven petroleum reserves. Just a fraction of Iraq's known fields are in development, and Iraq may be one of the few places left where vast reserves ...
Some statistics on this page are disputed and controversial—different sources (OPEC, CIA World Factbook, oil companies) give different figures. Some of the differences reflect different types of oil included. Different estimates may or may not include oil shale, mined oil sands or natural gas liquids.
The company is 67 years old, having been founded in 1953 and is one of many oil companies to be making tens of billions in revenue, but still recording a decrease against the previous year. GTE ...
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 ...