By-Dr Saleh Jallad*

 

The relationship between states and their respective NOCs in the Greater Middle East is organically intertwined. The various non-commercial, socio-economic and military goals of states and their leaders have typically trumped their NOCs commercial objectives, weakening performance. This contrasts with the more advanced international oil companies (IOCs). The sovereignty of the state over its natural resources has been the overriding principle.

The role of Saudi...