Geopolitik Energi

September 10, 2007

Factbox: National oil companies work together

FACTBOX-National oil companies work together

Wed Jul 4, 2007 7:49AM EDT

 

July 4 (Reuters) – Through a series of multi-million dollar deals, national oil companies have gained greater global status by working together, rather than turning to international oil majors.

In some cases the cooperation has been primarily political and is linked to the trend of resource nationalism, whereby resource-holders seek to retain the greatest share of their natural resources wealth.

Other cases are pragmatic, as national oil companies discover they can serve each other’s interests without relying on the commercial firms that have traditionally been regarded as essential sources of technical expertise.

China’s national oil companies have been particularly aggressive in pursuing opportunities to work with peers across the world as the nation seeks to cater for its huge energy needs.

For related story on the rise of national oil companies, please click on [ID:nL12694897]

Below is a reverse chronological list of some of the deals and potential partnerships between national oil companies.

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