Middle East Economic Survey

VOL. XLVII

No 38

20-September-2004

Onslaught On NOCs Based On Generalizations And Lack Of Knowledge Of Their Role, Says Naimi

The onslaught against national oil companies (NOCs) over recent years has been based largely on generalizations and lack of appreciation for their role, according to Saudi Oil Minister Ali Naimi, addressing the OPEC International Seminar in Vienna on 16 September. Assessments of the 100 and more national companies had failed to take account of...