South Oil Company
   HOME
*





South Oil Company
Basra Oil Company (BOC) 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 investment projects in the 1970s, where the BOC was subsidiary to the national company. Development Events and activities have escalated steadily and rapidly, rising since the beginning of the 1970s. Investment and development stages of the north Rumaila field were completed in three stages, leading to a rate of production of 42 million tons per year and this coincided with the expansion of works in all fields. The expansion began with drilling works, building and expanding production facilities, and implementing investment projects associated with natural gas fields in north and south Rumaila. Also developing new fields in Luhais, Saba, Nuhran Ben Ummer and oil fields in Maysan. Laying out an exporting pipe l ...
[...More Info...]      
[...Related Items...]     OR:     [Wikipedia]   [Google]   [Baidu]  


picture info

Emblem Of Iraq
The Emblem of Iraq since Baath's coups d'état features a golden black eagle looking towards the viewer's left dexter. The eagle is the Eagle of Saladin associated with 20th-century pan-Arabism, bearing a shield of the Iraqi flag, and holding a scroll below with the Arabic words جمهورية العراق (''Jumhuriyet Al-`Iraq'' or "Republic of Iraq"). The emblem has been modified three times, in 1991, 2004, and 2008. Symbols used in ancient Mesopotamia Assyria During the Assyrian Empire, which is by many researchers regarded to have been the first world empire in history. At its height, the empire was the strongest military power in the world and ruled over all of Mesopotamia, the Levant and Egypt, as well as portions of Anatolia, Arabia and modern-day Iran and Armenia. For this reason, the Assyrians used heavily the imperial propaganda and proclaimed the supremacy of Ashur and declared that the conquered peoples had been abandoned by their own gods. Ashur was re ...
[...More Info...]      
[...Related Items...]     OR:     [Wikipedia]   [Google]   [Baidu]  


picture info

Basra
Basra ( ar, ٱلْبَصْرَة, al-Baṣrah) is an Iraqi city located on the Shatt al-Arab. It had an estimated population of 1.4 million in 2018. Basra is also Iraq's main port, although it does not have deep water access, which is handled at the port of Umm Qasr. However, there is ongoing constuction of Grand Faw Port on the coast of Basra, which is considered a national project for Iraq and will become one of the largest ports in the world and the largest in the Middle East, in addition, the port will strengthen Iraq’s geopolitical position in the region and the world. Furthermore, Iraq is planning to establish large naval base in the Faw peninsula. Historically, the city is one of the ports from which the fictional Sinbad the Sailor journeyed. The city was built in 636 and has played an important role in Islamic Golden Age. Basra is consistently one of the hottest cities in Iraq, with summer temperatures regularly exceeding . In April 2017, the Iraqi Parliam ...
[...More Info...]      
[...Related Items...]     OR:     [Wikipedia]   [Google]   [Baidu]  


picture info

Ministry Of Oil (Iraq)
The Ministry of Oil ( ar, وزارة النفط) is the Iraqi government agency responsible for Iraqi petroleum. The Minister of Oil since May 2020 is Ihsan Abdul Jabbar Ismail. Establishments * North Oil Company (NOC) * South Oil Company (SOC) * Petroleum Research & Development Center (PRDC) * Baiji Oil Training Institute (BAJOTI) * Basrah Oil Training Institute (BASOTI) * Kirkuk Oil Training Institute (KOTI) * Baghdad Oil Training Institute (BOTI) * Heavy Engineering Equipments Company (HEESCO) * South Refineries Company (SRC) * Midland Refineries Company (MRC) * North Refineries Company (NRC) * Gas Filling Company (GFC) * Midland Oil Company (MDOC) * South Gas Company (SGC) * North Gas Company (NGC) * Missan Oil Company (MOC) * Iraqi Drilling Company (IDC) * Oil Products Distribution Company (OPDC) * State Organization for Marketing of Oil (SOMO) * Oil Pipelines Company (OPC) * Iraqi Oil Tankers Company (IOTC) * Oil Exploration Company (OEC) * State Company for O ...
[...More Info...]      
[...Related Items...]     OR:     [Wikipedia]   [Google]   [Baidu]  


Iraq
Iraq,; ku, عێراق, translit=Êraq officially the Republic of Iraq, '; ku, کۆماری عێراق, translit=Komarî Êraq is a country in Western Asia. It is bordered by Turkey to the north, Iran to the east, the Persian Gulf and Kuwait to the southeast, Saudi Arabia to the south, Jordan to the southwest and Syria to the west. The capital and largest city is Baghdad. Iraq is home to diverse ethnic groups including Iraqi Arabs, Kurds, Turkmens, Assyrians, Armenians, Yazidis, Mandaeans, Persians and Shabakis with similarly diverse geography and wildlife. The vast majority of the country's 44 million residents are Muslims – the notable other faiths are Christianity, Yazidism, Mandaeism, Yarsanism and Zoroastrianism. The official languages of Iraq are Arabic and Kurdish; others also recognised in specific regions are Neo-Aramaic, Turkish and Armenian. Starting as early as the 6th millennium BC, the fertile alluvial plains between Iraq's Tigris and Euphrates ...
[...More Info...]      
[...Related Items...]     OR:     [Wikipedia]   [Google]   [Baidu]  


picture info

Company
A company, abbreviated as co., is a legal entity representing an association of people, whether natural, legal or a mixture of both, with a specific objective. Company members share a common purpose and unite to achieve specific, declared goals. Companies take various forms, such as: * voluntary associations, which may include nonprofit organizations * business entities, whose aim is generating profit * financial entities and banks * programs or educational institutions A company can be created as a legal person so that the company itself has limited liability as members perform or fail to discharge their duty according to the publicly declared incorporation, or published policy. When a company closes, it may need to be liquidated to avoid further legal obligations. Companies may associate and collectively register themselves as new companies; the resulting entities are often known as corporate groups. Meanings and definitions A company can be defined as an "artificial p ...
[...More Info...]      
[...Related Items...]     OR:     [Wikipedia]   [Google]   [Baidu]  


Iraq National Oil Company
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 also already under government control. In 1961 Iraq passed ''Public Law 80'' whereby Iraq expropriated 95% of the Iraq Petroleum Company's concessions, and went on to announce the intent to form the INOC in 1964. In 1967 Iraq and the Soviet Union signed the ''Iraq-Soviet Protocol'' which committed the Soviet Union to give technical and financial aid to the company. In 1967 and 1968 the company's purview was expanded to include areas expropriated from the Iraq Petroleum Company. Unlike the National Iranian Oil Company, the INOC was forbidden from entering into partnerships or granting concessions to foreign oil companies. Though there was discussion of allowing the French Compagnie Française de Pétroles, p ...
[...More Info...]      
[...Related Items...]     OR:     [Wikipedia]   [Google]   [Baidu]  


Rumaila Field
The Rumaila oil field is a super-giant oil field located in southern Iraq, approximately from the Kuwaiti border. Discovered in 1953 by the Basrah Petroleum Company (BPC), an associate company of the Iraq Petroleum Company (IPC), the field is estimated to contain 17 billion barrels, which accounts for 12% of Iraq's oil reserves estimated at 143.1 billion barrels. Rumaila is said to be the largest oilfield ever discovered in Iraq and is considered the third largest oil field in the world. Under Abd al-Karim Qasim, the oilfield was confiscated by the Iraqi government by Public Law No. 80 of 11 December 1961. Since then, this massive oil field has remained under Iraqi control. The assets and rights of IPC were nationalised by Saddam Hussein in 1972, and those of BPC in 1975. The dispute between Iraq and Kuwait over alleged slant-drilling in the field was one of reasons for Iraq's invasion of Kuwait in 1990.Thomas C. HayesCONFRONTATION IN THE GULF; The Oilfield Lying Below the I ...
[...More Info...]      
[...Related Items...]     OR:     [Wikipedia]   [Google]   [Baidu]  


picture info

Maysan
, image_map = Maysan in Iraq.svg , mapsize = 200px , settlement_type = Governorate , subdivision_type = Country , subdivision_name = , subdivision_type1 = Capital , subdivision_name1 = Amarah , image_seal = Emblem of Maysan Governorate.png , coordinates = , population_as_of = 2018 , population_total = 1,112,673 , density_km2 = , area_total_km2 = 16072 , blank_name_sec2 = HDI (2017) , blank_info_sec2 = 0.643 , leader_party = Sadrist Movement , leader_title = Governor , leader_name = Ali Dawai Lazem Maysan Governorate ( ar, ميسان, translit=Maysān) is a governorate in southeastern Iraq, bordering Iran. Its administrative centre is the city of Am ...
[...More Info...]      
[...Related Items...]     OR:     [Wikipedia]   [Google]   [Baidu]  




Nationalization
Nationalization (nationalisation in British English) is the process of transforming privately-owned assets into public assets by bringing them under the public ownership of a national government or state. Nationalization usually refers to private assets or to assets owned by lower levels of government (such as municipalities) being transferred to the state. Nationalization contrasts with privatization and with demutualization. When previously nationalized assets are privatized and subsequently returned to public ownership at a later stage, they are said to have undergone renationalization. Industries often subject to nationalization include the commanding heights of the economy – telecommunications, electric power, fossil fuels, railways, airlines, iron ore, media, postal services, banks, and water – though, in many jurisdictions, many such entities have no history of private ownership. Nationalization may occur with or without financial compensation to the former ...
[...More Info...]      
[...Related Items...]     OR:     [Wikipedia]   [Google]   [Baidu]  


picture info

Persian Gulf
The Persian Gulf ( fa, خلیج فارس, translit=xalij-e fârs, lit=Gulf of Fars, ), sometimes called the ( ar, اَلْخَلِيْجُ ٱلْعَرَبِيُّ, Al-Khalīj al-ˁArabī), is a mediterranean sea in Western Asia. The body of water is an extension of the Indian Ocean located between Iran and the Arabian Peninsula.United Nations Group of Experts on Geographical NameWorking Paper No. 61, 23rd Session, Vienna, 28 March – 4 April 2006. accessed October 9, 2010 It is connected to the Gulf of Oman in the east by the Strait of Hormuz. The Shatt al-Arab river delta forms the northwest shoreline. The Persian Gulf has many fishing grounds, extensive reefs (mostly rocky, but also coral), and abundant pearl oysters, however its ecology has been damaged by industrialization and oil spills. The Persian Gulf is in the Persian Gulf Basin, which is of Cenozoic origin and related to the subduction of the Arabian Plate under the Zagros Mountains. The current f ...
[...More Info...]      
[...Related Items...]     OR:     [Wikipedia]   [Google]   [Baidu]  


picture info

Gulf War
The Gulf War was a 1990–1991 armed campaign waged by a Coalition of the Gulf War, 35-country military coalition in response to the Iraqi invasion of Kuwait. Spearheaded by the United States, the coalition's efforts against Ba'athist Iraq, Iraq were carried out in two key phases: Operation Desert Shield, which marked the military buildup from August 1990 to January 1991; and Operation Desert Storm, which began with the Gulf War air campaign, aerial bombing campaign against Iraq on 17 January 1991 and came to a close with the American-led Liberation of Kuwait campaign, Liberation of Kuwait on 28 February 1991. On 2 August 1990, Iraq invaded the neighbouring Kuwait, State of Kuwait and had fully occupied the country within two days. Initially, Iraq ran the occupied territory under a puppet government known as the "Republic of Kuwait" before proceeding with an outright annexation in which Kuwaiti sovereign territory was split, with the "Saddamiyat al-Mitla' District" being car ...
[...More Info...]      
[...Related Items...]     OR:     [Wikipedia]   [Google]   [Baidu]  


Iraq Oil Law (2007)
The Iraq Oil Law, also referred to as the Iraq Hydrocarbon Law was a piece of legislation submitted to the Iraqi Council of Representatives in May 2007 that laid out a framework for the regulation and development of Iraq's oil fields. Start of process The legislation started when the U.S.-backed Iraqi cabinet approved a new oil law that was set to give foreign companies the long-term contracts and the safe legal framework they have been waiting for. The law rattled labour unions and international campaigners, who say oil production should remain in the hands of Iraqis. On March 10, 2007, prominent Iraqi parliamentarians, politicians, ex-ministers and oil technocrats urged the Baghdad parliament to reject Iraq's controversial hydrocarbon law, fearing that the new legislation would further divide the country already witnessing civil strife. On April 28, 2007, discussions turned contentious among the more than 60 Iraqi oil officials reviewing Iraq's draft hydrocarbons bill in the Un ...
[...More Info...]      
[...Related Items...]     OR:     [Wikipedia]   [Google]   [Baidu]