Abstract

In the era where affordable oil reserves start to disappear, the relationship between National Oil Companies (NOCs) and International Oil Companies (IOCs) is changing. NOCs from resources rich countries want to become IOCs privileged partners and benefit from their technology and investments to have access to the reserves in difficult areas. But negotiation between the two actors is not always easy. National oil companies must fulfill some non-commercial objectives imposed by the Government, among which to ensure the energy security of their country. Private oil companies want to improve ...