The future of the World's national oil companies: Partnership, strategy and challenges (Oil and Gas Book 1)

National oil companies (NOC) were originally created to support a sovereign state exploitation of petroleum resources following nationalization of foreign petroleum assets. Though some of their creations were well thought/carefully planned thus yielding a ‘presentable’ state enterprise at international level, quite a few were hastily or, at worst, recklessly established to satisfy political pressures to put an end to control of international oil companies (IOC) over national petroleum resources. This paper discusses some of the business models and strategy NOC likely to pursue now or in the future, challenges and how their increasing market influence impact the economics of the industry and the world’s geopolitics.