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Iraq Petroleum Company
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Native name | شركة نفط العراق |
|---|---|
| Company type | Consortium |
| Industry | Oil exploration and production |
| Predecessor | Turkish Petroleum Company (1912) |
| Founded | 1929 |
| Founders |
|
| Fate | Nationalised in 1972a |
| Successor | Iraq National Oil Company |
| Headquarters | London , United Kingdom |
Areas served |
|
| Products | Mostly crude oil, some refined products |
| Owners | |
Footnotes / references
| |
The Iraq Petroleum Company (IPC), formerly known as the Turkish Petroleum Company (TPC), is an oil company that had a virtual monopoly on all oil exploration and production in Iraq between 1925 and 1961. It was jointly owned by some of the world's largest oil companies[1][2] and headquartered in London, England.
In June 1972, the Ba'athist government in Iraq nationalized the IPC, and its operations were taken over by the Iraq National Oil Company. The company "Iraq Petroleum Company" still remains extant, although only in paper form.[1] One associated company – the Abu Dhabi Petroleum Company (ADPC, formerly Petroleum Development (Trucial Coast) Ltd) – also continues with its original shareholding intact.[3][4]
The related Iraq Petroleum Group was an association of companies that played a major role in the discovery and development of oil resources in areas of the Middle East outside Iraq.
- ^ a b c Company Check. "Iraq Petroleum Company Ltd". Retrieved 19 August 2012.
- ^ Metz, Helen Chapin, ed. (1988). "The Turkish Petroleum Company". Iraq: A Country Study. Retrieved 28 June 2008.
- ^ Cite error: The named reference
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