OPERATIONS

NOCs dominate oil patch

STATE-owned national oil companies have retained their dominant position in the world petroleum industry over privately-owned or publicly-listed independent oil companies, dominating the list of the world's top 50 oil and gas companies.

Haydn Black

According to Petroleum Intelligence Weekly, which tries to compare private sector IOCs and NOCs, over 60% of the top 25 firms are majority government-owned. NOCs hold the top three spots, while just...

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