The Southern Oil Company is the state-owned concern in southern Iraq.

The commission wants the state-owned concern to repay 3.5 billion francs ($623 million) immediately, he added.

China's other 400,000 money-losing companies are privately or collectively owned, or are state-owned concerns not covered in the state budget.

The state-owned concerns seem to be having a tough time shaking the habit of giving the state preferred treatment.

Gold Cup manufactures minibuses and trucks, but just as important in a country where many state-owned concerns lose money, it has been making ever-larger profits.

Nigeria Airways has been described as inefficient and the kind of state-owned concern that should be put into private hands.

A concession covering some 80 per cent of this area has recently been awarded to a state-owned logging concern.

China's state-owned industrial concerns have already shed about 35 million jobs the last five years, and government-controlled collectives laid off 16 million more.

He went on to hold important positions at another state-owned industrial concern, now known as Aerospatiale, from 1970 to 1975.

The hope is that the sale of these large state-owned concerns will generate more than $1 billion in foreign investment in Czechoslovak industry.