Middle East Economic Survey


No 13


NOCs And IOCs Jostling For Market Advantage

International oil companies (IOCs) have begun to complain lately of a lack of opportunities for upstream developments, and see a need for state-controlled oil and gas industries to open up for investment. At a CGES conference in London on 22 March, David Knott heard that while national oil companies (NOCs) were also having their options limited by their own governments some were beginning to...