Iraq is deemed the 'cradle of civilization', where the land is rich in many of the relics and archaeological sites from different civilizations, such as Ur, the Sumerian and Acadian, Babylonian and Assyrian.
Iraq has the world's 5th largest oil reserves and is increasingly seen as one of the more attractive investment destinations in the Middle East. At the present time the country produces about 3 mb/d and has an ambitious plan to become one of the main producers in the world in the future.
The new oil policy of Iraq towards OPEC and in the international community make Iraq an active and effective member in various dialogues between the producers and consumers, through international oil forums and fostering mutual understanding.
Petróleos de Venezuela SA, the state-owned corporation of the Bolivarian Republic of Venezuela, is responsible for the efficient, profitable, and dependable exploration, production, refining, transport and commerce of hydrocarbons. This company is deeply committed to environmental protection and its main objectives are to foster the harmonious development of the country, to guarantee sovereignty of national resources, to increase endogenous development and to serve and benefit the Venezuelan people, who correspond to their share of the country’s national wealth.
The Venezuelan State is PDVSA’s sole stockholder under the provisions of the Constitution of the Bolivarian Republic of Venezuela and represents the economic and political sovereignty exerted by the Venezuelan people over oil, their major energy resource. Therefore, its actions must follow the Ministry of Popular Power of Petroleum & Mining's guidelines, plans and strategies, as well as the norms issued by the National Development Plans for the hydrocarbon sector.
The state corporation, created in 1975, relies on workers committed to the defence of energy sovereignty and the duty of adding the greatest possible value to oil resources, led by principles of unity, command, teamwork, the spirit of collaboration and efficient use of reserves. All the organizations of the corporation are focused on concepts like the sovereign use of national energy resources and the promotion of technological independence; the latter meaning the creation and innovation of Venezuela-made technologies, so as to generate quality jobs, economic growth and the creation of wealth and welfare for the Venezuelan people.
Kuwait Petroleum Corporation (KPC) is a government-owned umbrella organization founded in January 1980 to manage the rapidly diversifying oil industry of the State of Kuwait. It is unique among Middle Eastern oil companies for its integrated portfolio of ten subsidiaries specializing in the following activities:
Owned by the Saudi Arabian Government, Saudi Aramco is a fully integrated, global petroleum enterprise, and a world leader in exploration and producing, refining, distribution, shipping, marketing and petrochemicals manufacturing.
The Company manages proven reserves of 260.1 billion barrels of oil and manages the fourth-largest gas reserves in the world, 279 trillion cubic feet. In addition to its headquarters in Dhahran, Saudi Arabia, Saudi Aramco has affiliates, joint ventures and subsidiary offices in China, Japan, India, the Netherlands, the Republic of Korea, Singapore, the United Arab Emirates, the United Kingdom and the United States. For more information, go to www.saudiaramco.com.
Committed to Excellence
Qatar Petroleum (QP), formerly Qatar General Petroleum Corporation, is a state-owned corporation established by Emiri Decree No. 10 in 1974. It is responsible for all phases of the oil and gas industry in the State of Qatar.
The principal activities of QP and its subsidiaries and joint ventures cover the exploration, drilling and production, transport, storage, marketing and sale of crude oil, as well as natural gas liquids, liquefied natural gas, refined products, petrochemicals and fertilizers.
Thriving on a spirit of enterprise, each of our joint ventures is underpinned by transparency, innovation and determination to achieve unparalleled standards of both quality and service.
At Qatar Petroleum, we are committed to one thing above all: Excellence.
Sonatrach is the Algerian oil and gas company in charge of exploration, production, pipeline transportation, processing and marketing of hydrocarbons and their derivatives.
Implementing a diversification strategy, Sonatrach is also developing activities in power generation, new and renewable energies, seawater desalination and mining.
In line with its internationalization strategy, Sonatrach operates in Algeria as well as in many other regions in the world namely in Africa (Mali, Tunisia, Niger, Libya, Egypt, Mauritania), in Europe (Spain, Italy, Portugal, UK, France), in Latin America (Peru) and in the USA.
The company registered a turnover of $ 72 billion in 2010. Sonatrach is the largest African company and the 14th largest oil Group in the world.
For more information, go to : www.sonatrach.com
The Ministry of Non-Renewable Natural Resources of Ecuador guarantees sustainable exploitation and sovereignty of non-renewable natural resources. The Ministry formulates policies, controls their implementation and promotes research and development of both mining and oil sectors. The purposes are the consolidation of state sovereignty over its non-renewable resources, the promotion of social participation in effective areas and the reversion of previous Ecuadorian condition: from a commodity-exporter country to an exporter of mining and oil services and added value products.
Our primary objective, in the Ministry of Oil and Gas in Libya, is to enhance our oil and gas resources, optimise their exploitation and development, according to the latest technologies and practices, increase gas utilization (and reduce burning and emissions) and the development of the refining, petrochemical and oil and gas processing industries, with emphasis on the development of human resources, health, safety and the preservation of the environment.