Ninety percent of the world's oil reserves are entrusted to state-owned companies. Originally created as political instruments, these so-called national oil companies (NOCs) face new demands amid today's dwindling oil reserves and simmering social pressures. Increasingly, state-owned oil firms--particularly in the Middle East--are having to balance the political demands of their governments with the need to be commercially competitive. In this ground-breaking new volume, Valerie Marcel draws on unprecedented access to the politicians, engineers; and businessmen directing five Middle...
Ninety percent of the world's oil reserves are entrusted to state-owned companies. Originally created as political instruments, these so-called nat...
The chief concern of the oil industry in the first two decades of the 21st century will not be its availability but its acceptability. Having dominated the 20th century, playing a crucial role in industrial development, oil now faces an unprecedented series of challenges: as a major polluter, it faces competition from other energy sources - gas and renewables - and ever more stringent regulation and control, with higher taxes. Faced with these pressures, the oil companies are repositioning themselves as energy industries, and oil is certain to have a diminishing share in their portfolio of...
The chief concern of the oil industry in the first two decades of the 21st century will not be its availability but its acceptability. Having dominate...
