After restructuring, South Oil Company is renamed

Now that the Dhi Qar Oil Company has been spun off, the Oil Ministry rechristened SOC as the Basra Oil Company.
After restructuring, South Oil Company is renamed
The South Oil Company headquarters on Dec. 11, 2009. (ESSAM AL-SUDANI/AFP/Getty Images)

The name of Iraq's largest state-owned upstream oil company now reflects the name of Iraq's oil capital: the South Oil Company (SOC) has officially become the Basra Oil Company (BOC). In an order this week, Oil Minister Jabbar al-Luiebi formally renamed SOC, where he worked for decades, including as director general from 2003 to 2008. The change was authorized by Iraq's Cabinet on Dec. 5, 2016, at the same time it authorized the Dhi Qar Oilfields Authority to be spun off from within the SO...

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