Tag Archives | Iraq National Oil Company (INOC)

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 […]

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The Dangers of Iraq’s New Oil Law

By John Lee. The formation of the new Iraq National Oil Company (INOC) is “a power grab that could undermine all the progress,” according to Nick Butler. Writing in the Financial Times, he says the new company will be a single entity with sole responsibility for all aspects of the development of the oil and […]

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The New INOC Law: Brief and Dysfunctional

By Ahmed Mousa Jiyad. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. The New INOC Law: Brief and Dysfunctional The Cabinet approved, on 23 March 2017, the new law for the Iraqi National Oil Company (INOC) and passed it to the Parliament/House of Representatives […]

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Ministry of Oil working to Reestablish National Oil Company

By John Lee. Iraqi oil minister Jabar Ali al-Luaibi [Allibi] has confirmed that the Ministry of Oil is working to reestablish the Iraqi National Oil Company (INOC), following ratification by the cabinet of the draft resolution to reestablish the company. The original INOC was founded in the 1960s, but was incorporated into the Ministry of […]

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Veteran Iraqi Oil Minister sets up Energy Consultancy

Former oil ministers from OPEC nations Iraq, Algeria, Libya and Nigeria have established a group to offer advice on energy policy and business strategy. Issam Chalabi (pictured), Shokri Ghanem, Chakib Khelil and Rilwanu Lukman, former oil ministers of Iraq, Libya, Algeria and Nigeria respectively, set up the alliance following a meeting in Vienna in February. […]

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Detailed Analysis of Draft INOC Law

The attached document is a detailed analysis of the draft INOC (Iraqi National Oil Company) Law. It was prepared by Ahmed Mousa Jiyad and presented in absentia before the Expert Hearing Session organised by the Energy Committee of the Iraqi Parliament on 3rd July 2011.. Mr Jiyad is an independent development consultant, scholar and Associate […]

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