Oil Ministry order sets INOC in motion

A 12-person committee will study best international best practices and develop recommendations for implementing a new law to re-create the Iraq National Oil Company.
Oil Ministry order sets INOC in motion
Basra Oil Company Director General Ihsan Ismaael in blue coveralls tours the Siba gas field on Jan. 17, 2018. (Basra Oil Company media office)

Iraq's Oil Ministry has taken its first concrete step toward establishing a new national oil company, three months after the Parliament passed legislation that could restructure the management of Iraq's oil sector.

In a ministerial order dated June 4, which was obtained by Iraq Oil Report, Firas Ali Mohammed Sadiq al-Sadr, the acting director general for administrative affairs, formed a 12-person committee to begin creating the national oil company.

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