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A national oil company (NOC) is an oil and gas company fully or in the majority-owned by a national government. According to the World Bank, NOCs accounted for 75% global oil production and controlled 90% of proven oil reserves in 2010.^[1]

Due to their increasing dominance over global reserves, the importance of NOCs relative to International Oil Companies (IOCs), such as ExxonMobil, BP, or Royal Dutch Shell, has risen dramatically in recent decades. NOCs are also increasingly investing outside their national borders.

External links

National Oil Companies and Value Creation (World Bank study, 2010)

References

^ Tordo, Silvana (2011). "National oil companies and value creation" (PDF). {{cite journal}}: Cite journal requires |journal= (help)

This article related to natural gas, petroleum or the petroleum industry is a stub. You can help Wikipedia by expanding it.

[World_Bank-1] Tordo, Silvana (2011). "National oil companies and value creation" (PDF). {{cite journal}}: Cite journal requires |journal= (help)

[1]

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	A '''national oil company''' ('''NOC''') is an [[oil]] and gas company fully or in the majority owned by a national government. According to the [[World Bank]], NOCs accounted for 75% global oil production and controlled 90% of proven oil reserves in 2010.<!--		A '''national oil company''' ('''NOC''') is an [[oil]] and gas company fully or in the majority-owned by a national government. According to the [[World Bank]], NOCs accounted for 75% global oil production and controlled 90% of proven oil reserves in 2010.<!--
	--><ref name="World Bank">{{cite journal \| author=Tordo, Silvana \| title=National oil companies and value creation \| year=2011 \| url=http://siteresources.worldbank.org/INTOGMC/Resources/9780821388310.pdf}}</ref>		--><ref name="World Bank">{{cite journal \| author=Tordo, Silvana \| title=National oil companies and value creation \| year=2011 \| url=http://siteresources.worldbank.org/INTOGMC/Resources/9780821388310.pdf}}</ref>

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Revision as of 23:06, 26 February 2021

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References