National Oil Companies And Value Creation Vol 2

  • Date Published 26/07/2019
National Oil Companies And Value Creation Vol 2
National Oil Companies And Value Creation Vol 2

Approximately two billion dollars a day of petroleum are traded worldwide, which makes petroleum the largest single item in the balance of payments and exchanges between nations. Petroleum represents the larger share in total energy use for most net exporters and net importers. While petroleum taxes are a major source of income for more than 90 countries in the world, poor countries net importers are more vulnerable to price increases than most industrialized economies. This paper has five chapters. Chapter one describes the key features of upstream, midstream, and downstream petroleum operations and how these may impact value creation and policy options. Chapter two draws on ample literature and discusses how changes in the geopolitical and global economic environment and in the host governments' political and economic priorities have affected the rationale for and behavior of National Oil Companies' (NOCs). Rather than providing an in-depth analysis of the philosophical reasons for creating aNOC, this chapter seeks to highlight the special nature of NOCs and how it may affect their existence, objectives, regulation, and behavior. Chapter three proposes a value creation index to measure the contribution of NOCs to social value creation. A conceptual model is also proposed to identify the factors that affect value creation. Chapter four presents the result of an exploratory statistical analysis aimed to determine the relative importance of the drivers of value creation. In addition, the experience of a selected sample of NOCs is analyzed in detail, and lessons of general applicability are derived. Finally, Chapter five summarizes the conclusions.

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Book Chapters

  • Preliminary PagesPreliminary Pages
  • Chapter 1Ecopetrol (colombia)
  • Chapter 2Kazmunaigaz Exploration And Production (kazakhstan)
  • Chapter 3Oil And Natural Gas Corporation Ltd (india)
  • Chapter 4Petróleos De Venezuela, S.a. (venezuela)
  • Chapter 5Petróleos Mexicanos (mexico)
  • Chapter 6Petróleos Brasileiro S.a. (brazil)
  • Chapter 7Petro China Company Limited (china)
  • Chapter 8Petroliam Nasional Berhad (malaysia)
  • Chapter 9The Petroleum Oil And Gas Corporation Of South Africa (south Africa)
  • Chapter 10Ptt Public Company Limited (thailand)
  • Chapter 11Sonatrach S.a. (algeria)
  • Chapter 12Statoilhydro Asa. (norway)

National Oil Companies And Value Creation Vol 2

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