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Oil Minister Luaibi Named Head Of New Iraq National Oil Company

News announced by ministry spokesperson at CWC Basra Megaprojects conference

Iraq's cabinet has announced that current oil minister, Jabar al-Luaibi, will head the new Iraqi National Oil Company (INOC). 

The new oil company has been founded to help restructure and develop the country's oil sector. 

The news was announced by oil ministry spokesperson Assem Jihad at the sidelines of the CWC Basra Megaprojects event in Istanbul, who advised that Luaibi will head the company which will be in charge of both major state oil organisations - Basra Oil Company and North Oil Company.

Source: Iraq Oil Report

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