The Basra Oil Company (BOC) is responsible for the development and production of crude oil in Basra. Based in Basra, the company was formerly known as the South Oil Company (SOC) and has 25,000 employees with experience and skill sets across all aspects of oil exploration and production.
Headquartered in Baghdad, SOMO is responsible for the marketing of Iraqi crude oil and oil derivatives.
June 2022 saw the formation of BECL which formalised the partnership between bp and PetroChina as a new company, through which bp and PetroChina will own and manage their interests at Rumaila.
