![]() | Oil Titans: National Oil Companies in the Middle East Subjects: Petroleum industry and trade -- Government ownership -- Middle East -- Case studies; Petroleum industry and trade -- Government ownership -- Algeria; Government business enterprises -- Middle East -- Case studies; Société nationale pour la recherche la p; A Brookings Institution Press and Chatham House publication 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 Eastern state oil companies to shed light on one of the most secretive segments of the international oil industry. Valérie Marcel is principal researcher at Chatham House. |
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