Missan Oil Company
Iraqi state-owned oil and gas company
Missan Oil Company (MOC) (Arabic: شركة نفط ميسان) is a state-owned oil and gas company located in the Maysan Governorate, Iraq. The headquarters are located in the capital of the province, Amarah.
Missan was spun off from South Oil Company in 2008 to expand oil activities in Maysan and to set up and oversee joint ventures with international companies to develop the province's oil fields.
The split from South Oil was seen as a political move and aroused international debates.
The Missan oilfields are operated by CNOOC Iraq.
History
Following the spin-off from South Oil in 2008, Missan initiated an international consortium to develop the Zubair oil field. As part of a series of international licensing rounds, the 20-year deal was finalized in 2010, with companies Eni (32.81%), Occidental Petroleum (23.44%) and Korea Gas Corporation (18.75%) holding stakes in the venture. Missan Oil (25%) and its partners announced plans to increase field production from 195,000 barrels per day (31,000 m3/d) to around 1,200,000 barrels per day (190,000 m3/d) and invest around $6.5 billion into the development of the field.
In 2009, as part of the second round of post-war oilfield bidding held by the Iraqi government, South Oil (25%) awarded a major contract to CNPC (37.5%), Total (18.75%), and Petronas (18.75%) to develop the major Halfaya oilfield. After the deal was completed, MOC took over operations and ownership from South Oil, and the final 20-year contract was signed in January 2012.
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Contemporary correspondence, administrative files and participant testimony can test how later narratives organized the event or institution. The source revision retrieved here is dated Aug 20, 2026. The linked authority identifier is Q6878212. 2 of 2 selected statements include explicit references; 0 carry qualifiers and 0 use preferred rank. The first chronological checks are 2008, 2010, 2009 and 2012.
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This entry incorporates text from “Missan Oil Company” on English Wikipedia. Contributors are listed in the page history. Text is available under the Creative Commons Attribution-ShareAlike 4.0 License. Selected authority identifiers and statements are retrieved from Wikidata under CC0; their references and qualifiers remain part of the verification path.