The Rise of the National Oil Company - Implications for International Oil Companies
Article from: OGEL 6 (2015), in Roundup of Articles
The status quo of the global oil and gas industry being dominated by a few European and American oil companies appears to have reached its peak. The international trade in oil, once synonymous with the Seven Sisters has gone through an evolutionary process prompting queries on the future existence of International Oil Companies (IOCs). This paper will discuss the role that National Oil Companies (NOCs) originally played in the oil industry going further to analyse their evolving objectives and the impact these have had on IOCs. As the rise of the NOCs cannot be properly analysed ...