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National Oil Company
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Basra Oil Company
Basra, Iraq · Established 2009 · Profile updated July 1, 2026
Official website ↗Auditor Executive Assessment
Prepared by the Asian Oil Intelligence Desk · Institutional due-diligence memorandum
Basra Oil Company (BOC) manages Iraq's southern oil fields, responsible for the majority of the country's crude production exceeding 3 mbpd from the Rumaila, West Qurna, and Zubair mega-fields operated in partnership with IOCs including BP, ExxonMobil, Eni, and Lukoil.
Iraq is OPEC's second-largest producer. Revenue flows to the federal budget with limited financial transparency at the company level. Infrastructure constraints, water injection requirements, and political instability remain oper...
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