Oil Titans

National Oil Companies in the Middle East

by Valerie Marcel and John V. Mitchell

		Publisher: Brookings Institution Press Pub. Date: 2006 ISBN: 9780815754749 No. pages: 322 Category: Industries

In this summary you will learn

What a powerful role national oil companies (NOCs) play in the global energy business
How the NOCs' unique private-public hybrid influences the way they operate
What unique challenges they face
How NOCs may grow in the future

Why you should read Oil Titans

Don't look now, but five nationally owned oil companies (NOCs) control more than half the world's reserves of oil and natural gas. In today's media-steeped culture you might expect those companies to be under a constant microscope, but actually their operations tend to be cloaked in bureaucratic smoke. Valerie Marcel's book sheds valuable light on the way these companies operate and the red-tape constraints they face. While the book suffers from a rather colorless presentation, it more than compensates for this with insights into what the NOCs are and how they relate to the world's insatiable thirst for petroleum. getAbstract recommends this book to serious students of the global energy business.

About the Authors

Valerie Marcel is a principal researcher at Chatham House, the Royal Institute for International Affairs, a leading independent research organization. An expert on energy issues, she co-authored Iraq's Oil Tomorrow with associate research fellow John V. Mitchell.

Rating (what is this?)

Overall		(8)
Importance		(8)
Innovation		(9)
Style		(6)

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Level

(5)

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