National oil companies (NOCs) play an enormously important role in the world’s major oil-producing states. The future well-being of these nations is inextricably linked to the economic health of these companies. Yet many NOCs are economically inefficient and burdened with debt. As a group of economists from the Natural Resource Governance Institute argues, increased reporting requirements for NOCs would go a long way in making NOCs more accountable and resilient. Public policy makers and oil industry professionals will find the statistics and analysis illuminating.
About the Authors
David Manley and David Mihalyi are senior economic analysts at the Natural Resource Governance Institute (NRGI). Mihalyi is also a visiting fellow at the Central European University’s School of Public Policy. Patrick R.P. Heller is an adviser at NRGI and a senior visiting fellow at the Center on Law, Energy and Environment at the University of California, Berkeley.