Iraq “puts Oil Company Plans on Hold”

By John Lee.

Baghdad has reportely postponed plans to create a new national oil company until a new government is formed.

In March, Iraq’s parliament voted to establish a new Iraqi National Oil Company (INOC) to manage its upstream energy sector, and serve as an umbrella body for its state-owned oil firms.

More here from MEED (subscription needed).

(Sources: Offshore Technology, MEED)

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