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Tag: nationalized oil companies NOCs

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

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