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Gas Sector in Federal Iraq and Kurdistan: A Look into State-Owned Enterprises

The gas sector in Federal Iraq and Kurdistan has been making headlines lately, with a recent report highlighting the financial relations between state-owned enterprises (SOEs) and the government. The report, published by the Extractive Industries Transparency Initiative (EITI), provides an overview of the financial dealings between six material oil and gas companies owned by the Federal Government of Iraq and the government.

Material Oil and Gas Companies

According to the report, none of the SOEs’ payments to the government were considered material in 2016. However, the report identifies these six SOEs as material for EITI reporting due to their receipt of material transfers from the government. The SOEs are:

  • South Oil Company (SOC)
  • North Oil Company (NOC)
  • Missan Oil Company (MOC)
  • Basra Oil Company (BOC)
  • Maysan Oil Company (MOC)
  • Kirkuk Oil Company (KOC)

State-Owned Enterprises in Mining Sector

In addition to the six oil and gas companies, there are several other state-owned enterprises operating in the mining sector in Federal Iraq. These include:

  • Iraqi Mining Company (IMC)
  • North Gas Company (NGC)
  • South Gas Company (SGC)
  • Basra Oil Refining Company (BORC)
  • Maysan Oil Refining Company (MORC)

These SOEs are responsible for extracting and refining minerals, including oil, gas, and other natural resources.

EITI Report Highlights

The EITI report also highlights the following key points:

  • The 2016 EITI Report provides production volumes for oil, gas, and mining in Federal Iraq, as well as an approximate description of the location of production.
  • The report includes information on significant exploration and production activities in the country.
  • The SOEs are responsible for extracting and refining minerals, including oil, gas, and other natural resources.

Conclusion

The EITI report provides a comprehensive overview of the financial relations between state-owned enterprises and the government in Federal Iraq. The report highlights the importance of transparency and accountability in the extractive sector, and underscores the need for continued efforts to improve transparency and governance in the country.