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Petroleum Industry In Iraq
Iraq was the world's 5th largest oil producer in 2009, and has the world's fifth largest proven petroleum reserves. Just a fraction of Iraq's known fields are in development, and Iraq may be one of the few places left where vast reserves, proven and unknown, have barely been exploited. Iraq's energy sector is heavily based upon oil, with approximately 94 percent of its energy needs met with petroleum. In addition, crude oil export revenues accounted for over two-thirds of GDP in 2009. Iraq's oil sector has suffered over the past several decades from sanctions and wars, and its oil infrastructure is in need of modernization and investment. As of June 30, 2010, the United States had allocated billion to the Iraqi oil and gas sector to begin this modernization, but ended its direct involvement as of the first quarter of 2008. According to reports by various U.S. government agencies, multilateral institutions and other international organizations, long-term Iraq reconstruction cos ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Consortium
A consortium (plural: consortia) is an association of two or more individuals, companies, organizations or governments (or any combination of these entities) with the objective of participating in a common activity or pooling their resources for achieving a common goal. is a Latin word meaning "partnership", "association" or "society", and derives from ("shared in property"), itself from ("together") and ("fate"). Examples Educational The Big Ten Academic Alliance in the Midwest and Mid-Atlantic U.S., Claremont Colleges consortium in Southern California, Five College Consortium in Massachusetts, and Consórcio Nacional Honda are among the oldest and most successful higher education consortia in the World. The Big Ten Academic Alliance, formerly known as the Committee on Institutional Cooperation, includes the members of the Big Ten athletic conference. The participants in Five Colleges, Inc. are: Amherst College, Hampshire College, Mount Holyoke College, Smith College, a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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] |
Faisal II Of Iraq
Faisal II ( ar, الملك فيصل الثاني ''el-Melik Faysal es-Sânî'') (2 May 1935 – 14 July 1958) was the last King of Iraq. He reigned from 4 April 1939 until July 1958, when he was killed during the 14 July Revolution. This regicide marked the end of the thirty-seven-year-old Hashemite monarchy in Iraq, which then became a republic. The only son of King Ghazi of Iraq and Queen Aliya, Faisal acceded to the throne at the age of three after his father was killed in a car crash. A regency was set up under his uncle Prince 'Abd al-Ilah. In 1941, a pro-Axis coup d'état overthrew the regent. The British responded by initiating an invasion of Iraq a month later and restored 'Abd al-Ilah to power. During the Second World War, Faisal was evacuated along with his mother to the United Kingdom, where he attended Harrow School. The regency ended in May 1953 when Faisal came of age. Faisal's reign grew increasingly unstable against a backdrop of economic inequality coupled ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Abd Al-Karim Qasim
Abd al-Karim Qasim Muhammad Bakr al-Fadhli al-Zubaidi ( ar, عبد الكريم قاسم ' ) (21 November 1914 – 9 February 1963) was an Iraqi Army brigadier and nationalist who came to power when the Iraqi monarchy was overthrown during the 14 July Revolution. He ruled the country as the prime minister until his downfall and execution during the 1963 Ramadan Revolution. During his rule, Qasim was popularly known as ''al-zaʿīm'' (الزعيم), or "The Leader". Early life and career Abd al-Karim's father, Qasim Muhammed Bakr Al-Fadhli Al-Zubaidi was a farmer from southern Baghdad and an Iraqi Sunni Muslim who died during World War I, shortly after his son's birth. Qasim's mother, Kayfia Hassan Yakub Al-Sakini was a Shia Feyli Kurd Muslim from Baghdad. Qasim was born in Mahdiyya, a lower-income district of Baghdad on the left side of the river, now known as Karkh, on 21 November 1914, the youngest of three sons. When Qasim was six, his family moved to Suwayra ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Muhammad Mossadegh
Mohammad Mosaddegh ( fa, محمد مصدق, ; 16 June 1882 – 5 March 1967) was an Iranian politician, author, and lawyer who served as the 35th Prime Minister of Iran from 1951 to 1953, after appointment by the 16th Majlis. He was a member of the Iranian parliament from 1923, and served through a contentious 1952 election into the 17th Iranian Majlis, until his government was overthrown in the 1953 Iranian coup d'état aided by the intelligence agencies of the United Kingdom ( MI6) and the United States ( CIA), led by Kermit Roosevelt Jr. His National Front was suppressed from the 1954 election. Before its removal from power, his administration introduced a range of social and political measures such as social security, land reforms and higher taxes including the introduction of taxation on the rent of land. His government's most significant policy was the nationalization of the Iranian oil industry, which had been built by the British on Persian lands since 1913 through th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bahrain Petroleum Company
The Bahrain Petroleum Company (BAPCO) is an integrated national oil company of Bahrain. History The BAPCO was established in 1929 in Canada by Standard Oil Company of California for oil exploration activities in Bahrain. It took over Bahrain's assets of Gulf Oil. In 1930 it obtained the only oil concession in Bahrain. BAPCO discovered first oil in 1931. On 31 May 1932, the company discovered the Bahrain Field (Awali Field). After exporting oil and constructing a refinery, it started with refining capacity in 1936. Later that year the Standard Oil Company of California signed an agreement with Texaco, which acquired a half of BAPCO's shares. In 1975 more than 60% BAPCO's shares was acquired by the Government of Bahrain. In 1980, all BAPCO's shares were taken over by the Government of Bahrain. In 1978 the oil sector was nationalized and BAPCO assumed full control of the national energy sector. In 1999, the current Bahrain Petroleum Company was created when the Bah ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Standard Oil Of California
Standard may refer to: Symbols * Colours, standards and guidons, kinds of military signs * Standard (emblem), a type of a large symbol or emblem used for identification Norms, conventions or requirements * Standard (metrology), an object that bears a defined relationship to a unit of measure used for calibration of measuring devices * Standard (timber unit), an obsolete measure of timber used in trade * Breed standard (also called bench standard), in animal fancy and animal husbandry * BioCompute Standard, a standard for next generation sequencing * ''De facto'' standard, product or system with market dominance * Gold standard, a monetary system based on gold; also used metaphorically for the best of several options, against which the others are measured * Internet Standard, a specification ratified as an open standard by the Internet Engineering Task Force * Learning standards, standards applied to education content * Standard displacement, a naval term describing the weig ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
ARAMCO
Saudi Aramco ( ar, أرامكو السعودية '), officially the Saudi Arabian Oil Company (formerly Arabian-American Oil Company) or simply Aramco, is a Saudi Arabian public petroleum and natural gas company based in Dhahran. , it is one of the largest companies in the world by revenue. Saudi Aramco has both the world's second-largest proven crude oil reserves, at more than , and largest daily oil production of all oil-producing companies. It is the single greatest contributor to global carbon emissions of any company in the world since 1965. On 11 May 2022, Saudi Aramco became the largest (most valuable) company in the world by market cap, surpassing Apple Inc. Saudi Aramco operates the world's largest single hydrocarbon network, the Master Gas System. In 2013 crude oil production total was , and it manages over one hundred oil and gas fields in Saudi Arabia, including 288.4 trillion standard cubic feet (scf) of natural gas reserves. Saudi Aramco operates the Ghawar Field ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Red Line Agreement
The Red Line Agreement is an agreement signed by partners in the Turkish Petroleum Company (TPC) on July 31, 1928, in Ostend, Belgium. The agreement was signed between Anglo-Persian Company (later renamed British Petroleum), Royal Dutch/Shell, Compagnie Française des Pétroles (later renamed Total), Near East Development Corporation (later renamed ExxonMobil) and Calouste Gulbenkian (''Mr. Five Percent''), who retained a 5% share. The aim of the agreement was to formalize the corporate structure of TPC and bind all partners to a "self-denial clause" that prohibited any of its shareholders from independently seeking oil interests in the ex- Ottoman territory. It marked the creation of an oil monopoly, or cartel, of immense influence, spanning a vast territory. The cartel preceded easily by three decades the birth of another cartel, the Organization of Petroleum Exporting Countries (OPEC), which was formed in 1960. The Red Line Agreement was signed following the discovery of an immens ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
ARCO
ARCO ( ) is a brand of gasoline stations currently owned by Marathon Petroleum after BP sold its rights. BP commercializes the brand in Northern California, Oregon and Washington, while Marathon has rights for the rest of the United States and in Mexico. ARCO had been established in 1966 as the "Atlantic Richfield Company", an independent oil and gas company formed after the merger of Atlantic Petroleum and the Richfield Oil Corporation. History From 1966 to 2000, the 'Atlantic Richfield Company', doing business as ARCO, was an independent American oil company with operations in the United States, Indonesia, the North Sea, the South China Sea, and Mexico. After its acquisition of Anaconda Copper Mining Company in 1977, ARCO had owned hard rock mines in several western states, which has created environmental clean-up liabilities to the company to this day even after the mines were closed in the early 1980s. In 2000, BP acquired ARCO for $26.8 billion. ARCO's retail and mark ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Pan-American Petroleum And Transport Company
The Pan American Petroleum and Transport Company (PAT) was an oil company founded in 1916 by the American oil tycoon Edward L. Doheny after he had made a huge oil strike in Mexico. Pan American profited from fuel demand during World War I, and from the subsequent growth in use of automobiles. For several years Pan American was the largest American oil company, with holdings in the United States, Mexico, Colombia and Venezuela. In 1924 Pan American was involved in the Teapot Dome scandal over irregularities in the award of a U.S. government oil concession. Standard Oil of Indiana obtained a majority stake in 1925. The company sold its foreign properties to Standard Oil of New Jersey in 1932. What was left of Pan American was merged with Standard Oil of Indiana in 1954 to form Amoco. Origins Edward L. Doheny was a prospector who became wealthy in the 1880s from silver mines in the Black Range of New Mexico. In 1892 he moved with his family to Los Angeles, where he sank a mine and ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
