::Iraq Petroleum Company


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The Iraq Petroleum Company (IPC), known prior to 1929 as the Turkish Petroleum Company (TPC), is an oil company which, between 1925 and 1961, had a virtual monopoly on all oil exploration and production in Iraq. Today, it is jointly owned by some of the world's largest oil companies<ref name="cc"/><ref name="MetzTPC">{{#invoke:citation/CS1|citation |CitationClass=book }}</ref> and is headquartered in London, England.

In June 1972, the Ba'athist government in Iraq nationalised the IPC and its operations were taken over by the Iraq National Oil Company. The company "Iraq Petroleum Company" still remains extant, however, on paper<ref name="cc"/> and one associated company – the Abu Dhabi Petroleum Company (ADPC, formerly Petroleum Development (Trucial Coast) Ltd) – also continues with its original shareholding intact.<ref name="GT-DEX-2012-100"/><ref name="GT-DEX-2012-101"/>

The related Iraq Petroleum Group was an association of companies that played a major role in the discovery and development of oil resources in areas of the Middle East outside Iraq.

Iraq Petroleum Company sections
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