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.
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; and
- How NOCs may grow in the future.
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.
Comment on this summary
Customers who read this summary also read
Steve A. Yetiv
Oxford UP, 2015
Simon & Schuster, 2016
Oxford UP, 2016