Middle East Economic Survey


No 35



Iraq To Establish National Oil Company

Iraqs Supreme Oil and Gas Council (SOGC), meeting in Baghdad for the first time on 23 August under the chairmanship of Prime Minister Ayad Allawi, proposed the establishment of the Iraq National Oil Company (INOC), MEES learns from authoritative sources. A proposal to this effect has already been drafted by the Ministry of Oil and submitted to the Council of State for legal review, after which...