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SOC splits into Basra, Dhi Qar oil companies

The Iraqi Cabinet has finalized the creation of the Dhi Qar Oil Company. South Oil Company has been renamed the Basra Oil Company.
Karim Yassir, then head of the Dhi Qar Oilfields Authority. (STAFF/Iraq Oil Report)

BAGHDAD - The South Oil Company (SOC) is being renamed the Basra Oil Company (BOC), a change reflecting the company's reduced area of operations and local demands for increased control.

The Iraqi Cabinet on Tuesday approved the creation of the Dhi Qar Oil Company (DQOC), a province-focused firm spun out from the SOC, which had been in charge of both Basra and Dhi Qar.

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