Regional Rubber Process Oil Markets

Big Oil Faces Global Competition from National Oil Companies

Until recently, nationalized oil companies (NOCs) posed a competitive threat to international oil companies (IOCs) only in their home country. However, a number of factors have now converged to prompt once-isolated NOCs to expand their reach on a global scale. This emerging threat will force IOCs to devise new strategies to compete in the worldwide marketplace against nationalized companies, for which profits and shareholder satisfaction are not the only motivating factors. More…

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