Iraq Petroleum Company Limited

The Iraq Petroleum Company Limited was incorporated in 1911 as the African and Eastern Concessions Limited. It's name was changed to Turkish Petroleum Company Limited in 1912, and to Iraq Petroleum Company Limited in 1929.

By the San Remo Oil Agreement of 1920 the shareholding in the Company was arranged as Anglo-Persian Oil Company Limited (47.5 per cent), Shell (22.5 per cent), Compagnie Franaise des Petroles (25 per cent), C. S. Gulbenkian (5 per cent). A concession was obtained in 1925 and oil was first struck by the Company in 1927.

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2016-08-16 01:08:27 am

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2016-08-16 01:08:27 am

System Service

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