NOC Archives - Panorama Insurance Brokers

LifeCo Gas Supply Suspended Pending Debt Payment

The National Oil Corporation (NOC) has confirmed the suspension of natural gas supply to the Libyan Norwegian Fertiliser Company (LifeCo) pending settlement of unpaid debts. In a statement, NOC said: “NOC management has attempted to resolve the issue through various consultations aimed at rooting out corruption and ensuring operational continuity at LifeCo plants. NOC has… Read More

NOC takes over 9 State Oil Companies

Oil Minister Jabar Ali al-Luaibi [Allibi, Luiebi] has transferred ownership of nine state-owned oil companies from the Ministry of Oil to the newly-created Iraqi National Oil Company (INOC). The Minister is also the President of INOC. The companies transferred to INOC ownership are: Iraqi Oil Exploration Company Iraqi Drilling Company (IDC) State Oil Marketing Organization… Read More

Adil Abd al-Mahdi, ex-oil minister, tapped as Iraq prime minister

BAGHDAD – Adil Abd al-Mahdi, Iraq’s former oil minister, was named prime minister designate on Tuesday, hours after Barham Salih, was elected president of Iraq in a political standoff. Their victories give momentum to a government-formation process that had been moving slowly since national elections on May 12. Abd al-Mahdi now has 30 days to… Read More