isqineeha:Nationalization of Oil (1972-1976) - Iraqi Artist FARAJ ABBOThis painting was in celebrati
isqineeha:Nationalization of Oil (1972-1976) - Iraqi Artist FARAJ ABBOThis painting was in celebration of the nationalization of the oil industry that occurred in Iraq under the government of Ahmad Hassan al Bakr in 1972. The nationalization of oil movement started under Abdul Kareem Qasim’s government when he issued laws that limited the operations of foreign oil corporations in 1961 to only those fields that have already started working, and disallowing any form of expansion. Between 1964-1966, Abdul Salam Aref’s government formed the “Iraq National Oil Company” which overtook all the operations of Iraq’s Petroleum Company (IPC); a foreign corporation despite the name, owned by Shell, Exxon, Total, BP, and Partex. -- source link
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