NOC Archives - Panorama Insurance Brokers

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