30 September 2004 Iraq’s interim Prime Minister Iyad Allawi has taken the unusual step of suggesting that the Iraqi government disengage from running the oil sector, including management of the planned Iraq National Oil Co. (INOC), and that INOC be partly privatized in the future. Although a formal oil policy is desperately needed in Iraq, the proposals have provoked controversy, given their submission ahead of elections scheduled for January, which…
Tag: Supreme Council for Oil Policy
Iraq Sets Year-End Goal for INOC Rebirth
14 October 2004 Iraq’s interim Council of Ministers is expected to review a proposal to recreate a state oil company by next month at the latest, ahead of announcing its reestablishment before the end of the year, Iraq’s interim Oil Minister Thamer al-Ghadban said Wednesday. The proposal — which calls for the establishment of the Iraq National Oil Co. (INOC) as a holding company, with the existing North Oil Co.,…