NOC, IOC - living in perfect harmony?
Article from: OGEL 4 (2007), in Roundup of Articles
Summary
The continuing emergence of the cash rich and technologically competent national oil company, closely guarding access to its domestic reserves base and at the same time looking to invest in overseas projects, is a significant challenge faced by international oil companies as they try to define their place in the global energy market today. This article examines the growth of the NOC and the risks which this growth poses to the security of the franchise traditionally enjoyed by IOCs.