National Oil Company
From Wikipedia, the free encyclopedia
A National Oil Company (NOC) is an oil company fully or in the majority publicly owned. According to the IMF, NOCs had a share of around 50% in 2005 global oil production and a share of over 70% in global oil reserves.[1]
Due to their increasing dominance over global reserves, the importance of NOCs relative to International Oil Companies (IOCs), such as ExxonMobil, BP Amoco or Royal Dutch/Shell, has risen dramatically in recent years. NOCs are also increasingly investing outside their national borders.
Major NOCs include:
- Saudi Arabian Oil Company (Aramco) (Saudi Arabia)
- Egyptian General Petroleum Corporation (EGPC) (Egypt)
- National Oil Corporation Libya (Libya)
- Petroleos Mexicanos (Mexico)
- Petroleos de Venezuela (Venezuela)
- China National Petroleum (PetroChina) (China)
- Nigerian National Petroleum Company (Nigeria)
- Iraq National Oil Company (Iraq)
- Kuwait Petroleum Corporation (Kuwait)
- Pertamina (Indonesia)
- Petrobras (Brazil)
- Petroleum Development Oman (Oman)
- Petronas (Malaysia)
- Rosneft (Russia)
- Sinopec (China)
- Gazprom (Russia)
- StatoilHydro (Norway)
- Sonatrach (Algeria)
[edit] References
- ^ International Monetary Fund (2006). "World Economic Outlook - Financial Systems and Economic Cycles".
