Back شركة نفط العراق Arabic Turkish Petroleum Company German Iraka Petrolkompanio Esperanto Iraq Petroleum Company Spanish شرکت نفت عراق Persian Iraq Petroleum Company French חברת הנפט העיראקית HE Iraq Petroleum Company Italian Iraq Petroleum Company Occitan Iraq Petroleum Company Portuguese

Iraq Petroleum Company

Iraq Petroleum Company
Native name
شركة نفط العراق
Türkiye Petrol Şirketi
Company typeConsortium
IndustryOil exploration and production
PredecessorTurkish Petroleum Company
Founded1929 (1929)
Founders
FateNationalised in 1972a
SuccessorIraq National Oil Company
Headquarters
London
,
United Kingdom
Areas served
  • Iraq
  • Middle Eastb
Owners
Footnotes / references
  • a Although nominally still extant on paper.[1]
  • b Via associate companies.

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 is jointly owned by some of the world's largest oil companies[1][2] and headquartered in London, England. However, today it is only a paper entity with historical rights and plays no part in the modern development of Middle Eastern oil.

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.

  1. ^ a b c Company Check. "Iraq Petroleum Company Ltd". Retrieved 19 August 2012.
  2. ^ Metz, Helen Chapin, ed. (1988). "The Turkish Petroleum Company". Iraq: A Country Study. Retrieved 28 June 2008.
  3. ^ Cite error: The named reference GT-DEX-2012-100 was invoked but never defined (see the help page).
  4. ^ Cite error: The named reference GT-DEX-2012-101 was invoked but never defined (see the help page).

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