Middle East Economic Survey

VOL. LIII

No 33

16-Aug-2010

Challenges And Developments In The NOC-IOC Relationship

By Malcolm Brinded

Mr Brinded is Executive Director, Upstream International, at Royal Dutch Shell. The following is an edited version of a presentation he gave to the Oxford Energy Seminar on 23 July.

Two years ago, Shells scenarios highlighted three key long-term trends. Firstly, a surge in the global demand for energy as a result of population growth, increased prosperity and...