New Iraq national oil company names oil minister as chief
12 October, 2018
Iraq’s Oil Minister has been named as the head of a new national oil company which will serve as an umbrella organisation for state oil firms.
Parliament made the unanimous decision for Jabar al-Luaibi to run the new company, designed to manage Iraq’s upstream operations.
The new company, approved by Iraq’s government in March, will free up the ministry to set plans and strategies for developing the sector.