Iraq Petroleum Company
IPC has ceased operations, but the company "Iraq Petroleum Company Limited" still remains extant as a name on paper, and one of its surviving associated companies – Abu Dhabi Petroleum Company (ADPC), formerly Petroleum Development (Trucial Coast) Limited – continued with the original shareholding intact until January 2014. ADPC still holds 40% of the onshore concession in Abu Dhabi, with the majority 60% held by the Abu Dhabi National Oil Company (ADNOC) on behalf of the Abu Dhabi Government. Operations are carried out by the local operating company – the Abu Dhabi Company for Onshore Oil Operations (ADCO) – jointly owned by ADNOC, and the ADPC shareholders: BP, Royal Dutch Shell, ExxonMobil, Total S.A. and Partex; reflecting the historical make-up of the Iraq Petroleum Company. The Abu Dhabi onshore oil concession expired in January 2014.