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Midland Oil Company is a state-owned oil company and is Iraq's fourth oil company. It is responsible for overseeing development in recently auctioned fields in the centre of the country. It is a state-owned company managed by the Iraqi Ministry of Oil.

Partnerships

China

In October 2024, the Chinese company CNOOC Limited announced that it signed an Exploration, Development & Production Contract (EDPC) with the company. CNOOC has won a bid to explore an oil block, Block-7, located in Diwaniyah province, Iraq. This marks a significant shift in Iraq's oil industry as it moves away from technical service contracts and adopts a profit-sharing model with international partners.

Pakistan

In October 2024, Pakistan Petroleum Limited (PPL) has reached a settlement with Iraq's Midland Oil Company regarding their expired exploration and production contract for Block-8 in Iraq. This marks the end of their partnership in this particular project.

See also

• Iraq oil law (2007)
• North Oil Company
• South Oil Company

References

1. "Iraq launches fourth state oil company - Midland Oil Company". Energy Pedia.
2. "China's CNOOC signs oil contract to develop Iraq's block 7". Reuters. October 30, 2024. Retrieved November 2, 2024.
3. "PPL settles contract with Iraq's Midland Oil Company". www.thenews.com.pk. Retrieved 2024-11-02.

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