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Iraq National Oil Company
The Iraq National Oil Company (INOC) was founded in 1966 by the Iraqi government. It was empowered to operate all aspects of the oil industry in Iraq except for refining which was already being run by the Oil Refineries Administration (1952) and local distribution which was also already under government control. In 1961 Iraq passed ''Public Law 80'' whereby Iraq expropriated 95% of the Iraq Petroleum Company's concessions, and went on to announce the intent to form the INOC in 1964. In 1967 Iraq and the Soviet Union signed the ''Iraq-Soviet Protocol'' which committed the Soviet Union to give technical and financial aid to the company. In 1967 and 1968 the company's purview was expanded to include areas expropriated from the Iraq Petroleum Company. Unlike the National Iranian Oil Company, the INOC was forbidden from entering into partnerships or granting concessions to foreign oil companies. Though there was discussion of allowing the French Compagnie Française de Pétroles, part ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Limited Company
In a limited company, the liability of members or subscribers of the company is limited to what they have invested or guaranteed to the company. Limited companies may be limited by Share (finance), shares or by guarantee. In a company limited by shares, the liability of members is limited to the unpaid value of shares. In a company limited by guarantee, the liability of owners is limited to such amount as the owners may undertake to contribute to the assets of the company, in the event of being wound up. The former may be further divided in public companies (public limited company, public limited companies) and private companies (private limited company, private limited companies). Who may become a member of a private limited company is restricted by law and by the company's rules. In contrast, anyone may buy shares in a public limited company. Limited companies can be found in most countries, although the detailed rules governing them vary widely. It is also common for a distinct ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Compagnie Française De Pétroles
TotalEnergies SE is a French multinational integrated energy and petroleum company founded in 1924 and one of the seven supermajor oil companies. Its businesses cover the entire oil and gas chain, from crude oil and natural gas exploration and production to power generation, transportation, refining, petroleum product marketing, and international crude oil and product trading. TotalEnergies is also a large-scale chemicals manufacturer. TotalEnergies has its head office in the Tour Total in La Défense district in Courbevoie, west of Paris. The company is a component of the Euro Stoxx 50 stock market index. In the 2020 Forbes Global 2000, it was ranked as the 29th-largest public company in the world, and additionally ranked as the 25th largest company of any type on the Fortune Global 500. History 1924–1985: Compagnie française des pétroles The company was founded after World War I, when petrol was seen as vital in case of a new war with Germany. The then French President R ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Non-renewable Resource Companies Established In 1966
A non-renewable resource (also called a finite resource) is a natural resource that cannot be readily replaced by natural means at a pace quick enough to keep up with consumption. An example is carbon-based fossil fuels. The original organic matter, with the aid of heat and pressure, becomes a fuel such as oil or gas. Earth minerals and metal ores, fossil fuels (coal, petroleum, natural gas) and groundwater in certain aquifers are all considered non-renewable resources, though individual elements are always conserved (except in nuclear reactions, nuclear decay or atmospheric escape). Conversely, resources such as timber (when harvested sustainably) and wind (used to power energy conversion systems) are considered renewable resources, largely because their localized replenishment can occur within time frames meaningful to humans as well. Earth minerals and metal ores Earth minerals and metal ores are examples of non-renewable resources. The metals themselves are present i ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Energy Companies Established In 1966
In physics, energy (from Ancient Greek: ἐνέργεια, ''enérgeia'', “activity”) is the quantitative property that is transferred to a body or to a physical system, recognizable in the performance of work and in the form of heat and light. Energy is a conserved quantity—the law of conservation of energy states that energy can be converted in form, but not created or destroyed. The unit of measurement for energy in the International System of Units (SI) is the joule (J). Common forms of energy include the kinetic energy of a moving object, the potential energy stored by an object (for instance due to its position in a field), the elastic energy stored in a solid object, chemical energy associated with chemical reactions, the radiant energy carried by electromagnetic radiation, and the internal energy contained within a thermodynamic system. All living organisms constantly take in and release energy. Due to mass–energy equivalence, any object that has mass when ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Government-owned Companies Of Iraq
State ownership, also called government ownership and public ownership, is the ownership of an industry, asset, or enterprise by the state or a public body representing a community, as opposed to an individual or private party. Public ownership specifically refers to industries selling goods and services to consumers and differs from public goods and government services financed out of a government's general budget. Public ownership can take place at the national, regional, local, or municipal levels of government; or can refer to non-governmental public ownership vested in autonomous public enterprises. Public ownership is one of the three major forms of property ownership, differentiated from private, collective/cooperative, and common ownership. In market-based economies, state-owned assets are often managed and operated as joint-stock corporations with a government owning all or a controlling stake of the company's shares. This form is often referred to as a state-o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
National Oil And Gas Companies
National may refer to: Common uses * Nation or country ** Nationality – a ''national'' is a person who is subject to a nation, regardless of whether the person has full rights as a citizen Places in the United States * National, Maryland, census-designated place * National, Nevada, ghost town * National, Utah, ghost town * National, West Virginia, unincorporated community Commerce * National (brand), a brand name of electronic goods from Panasonic * National Benzole (or simply known as National), former petrol station chain in the UK, merged with BP * National Car Rental, an American rental car company * National Energy Systems, a former name of Eco Marine Power * National Entertainment Commission, a former name of the Media Rating Council * National Motor Vehicle Company, Indianapolis, Indiana, USA 1900-1924 * National Supermarkets, a defunct American grocery store chain * National String Instrument Corporation, a guitar company formed to manufacture the first resonator g ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Oil And Gas Companies Of Iraq
An oil is any nonpolar chemical substance that is composed primarily of hydrocarbons and is hydrophobic (does not mix with water) & lipophilic (mixes with other oils). Oils are usually flammable and surface active. Most oils are unsaturated lipids that are liquid at room temperature. The general definition of oil includes classes of chemical compounds that may be otherwise unrelated in structure, properties, and uses. Oils may be animal, vegetable, or petrochemical in origin, and may be volatile or non-volatile. They are used for food (e.g., olive oil), fuel (e.g., heating oil), medical purposes (e.g., mineral oil), lubrication (e.g. motor oil), and the manufacture of many types of paints, plastics, and other materials. Specially prepared oils are used in some religious ceremonies and rituals as purifying agents. Etymology First attested in English 1176, the word ''oil'' comes from Old French ''oile'', from Latin ''oleum'', which in turn comes from the Greek (''elaion'') ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Basra
Basra ( ar, ٱلْبَصْرَة, al-Baṣrah) is an Iraqi city located on the Shatt al-Arab. It had an estimated population of 1.4 million in 2018. Basra is also Iraq's main port, although it does not have deep water access, which is handled at the port of Umm Qasr. However, there is ongoing constuction of Grand Faw Port on the coast of Basra, which is considered a national project for Iraq and will become one of the largest ports in the world and the largest in the Middle East, in addition, the port will strengthen Iraq’s geopolitical position in the region and the world. Furthermore, Iraq is planning to establish large naval base in the Al-Faw peninsula, Faw peninsula. Historically, the city is one of the ports from which the fictional Sinbad the Sailor journeyed. The city was built in 636 and has played an important role in Islamic Golden Age. Basra is consistently one of the hottest cities in Iraq, with summer temperatures regularly exceeding . In April 2017, the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
South Oil Company
Basra Oil Company (BOC) is a national Iraqi company responsible for the oil in the south of Iraq. It is situated in Basra. BOC is one of the major fundamental formations of the Iraq National Oil Company (INOC). It was the first nucleus and the basis of national direct investment projects in the 1970s, where the BOC was subsidiary to the national company. Development Events and activities have escalated steadily and rapidly, rising since the beginning of the 1970s. Investment and development stages of the north Rumaila field were completed in three stages, leading to a rate of production of 42 million tons per year and this coincided with the expansion of works in all fields. The expansion began with drilling works, building and expanding production facilities, and implementing investment projects associated with natural gas fields in north and south Rumaila. Also developing new fields in Luhais, Saba, Nuhran Ben Ummer and oil fields in Maysan. Laying out an exporting pipe li ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Kirkuk
Kirkuk ( ar, كركوك, ku, کەرکووک, translit=Kerkûk, , tr, Kerkük) is a city in Iraq, serving as the capital of the Kirkuk Governorate, located north of Baghdad. The city is home to a diverse population of Turkmens, Arabs, Kurds, and Assyrians. Kirkuk sits on the ruins of the original Kirkuk Citadel which sits near the Khasa River. Kirkuk was proclaimed the "capital of Iraqi culture" in 2010. It is claimed by the Kurdistan Regional Government as its capital. Kirkuk is also considered by Iraqi Turkmens to be their cultural and historical capital. The government of Iraq states that Kirkuk represents a small version of Iraq due to its diverse population, and that the city is a model for coexistence in the country. Etymology The ancient name of Kirkuk was the Hurrian ''Arrapha'' During the Parthian era, a ''Korkura/Corcura'' ( grc, Κόρκυρα) is mentioned by Ptolemy, which is believed to refer either to Kirkuk or to the site of Baba Gurgur from the city. Since ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
North Oil Company
North Oil Company (NOC) is situated in Kirkuk, Iraq Iraq,; ku, عێراق, translit=Êraq officially the Republic of Iraq, '; ku, کۆماری عێراق, translit=Komarî Êraq is a country in Western Asia. It is bordered by Turkey to the north, Iran to the east, the Persian Gulf and K .... The North Oil Company is one of the 16 companies comprising the Iraqi Ministry of Oil. Headquartered in Kirkuk, its boundaries extend from the northern borders to the 32.5 degree parallel, just south of Baghdad. External links * http://www.noc.oil.gov.iq Oil and gas companies of Iraq {{petroleum-company-stub ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Iran–Iraq War
The Iran–Iraq War was an armed conflict between Iran and Iraq that lasted from September 1980 to August 1988. It began with the Iraqi invasion of Iran and lasted for almost eight years, until the acceptance of United Nations Security Council Resolution 598 by both sides. Iraq's primary rationale for the attack against Iran cited the need to prevent Ruhollah Khomeini—who had spearheaded Iran's Islamic Revolution in 1979—from exporting the new Iranian ideology to Iraq; there were also fears among the Iraqi leadership of Saddam Hussein that Iran, a theocratic state with a population predominantly composed of Shia Muslims, would exploit sectarian tensions in Iraq by rallying Iraq's Shia majority against the Baʽathist government, which was officially secular and dominated by Sunni Muslims. Iraq also wished to replace Iran as the power player in the Persian Gulf, which was not seen as an achievable objective prior to the Islamic Revolution because of Pahlavi Iran's economi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
