State Petroleum Ownership Model - Symbolism vs Progress?
Article from: OGEL 3 (2009), in OGEL Student Special
(CEPMLP) State ownership of upstream oil and gas resources is a common feature within the global petroleum sector. The method of state involvement and participation has been mostly through the establishment of a state owned and controlled oil company. Since oil producer states now mostly accept that private sector businesses are generally more efficient than government enterprises, there should be widespread acceptance of the need to privatise state owned oil companies. Hence the traditional state petroleum company is either a symbolic ...