This paper sets out an analytical framework for assessing the performance and value creation of National Oil Companies (NOCs). NOCs differ greatly in their institutional environments, their corporate objectives and operations, and their domestic and international socio-economic linkages, which...

A Brookings Institution Press and Chatham House publication Ninety percent of the world's oil reserves are entrusted to state-owned companies. Originally created as political instruments, these so-called national oil companies (NOCs) face new demands amid today's dwindling oil reserves and...

The Arctic shelf is the richest region of the world by overall volumes of oil and gas resources. However, countries of the Arctic basin have progressed unequally in developing them. In this article, the authors suggest that the diverging result of these countries in many ways depends on the...

Global petroleum subsidies peaked at USD 520 billion in the summer of 2008 and reached USD 212 billion in 2011, carrying high fiscal and environmental costs. Why do some countries spend so much money to subsidize petroleum consumption? Previous studies suggest that oil rich autocracies lacking...

MOHAMED A. RAMADY SAUDI ARAMCO 2030: POST IPO CHALLENGES The decision by Saudi Arabia’s Crown Prince Mohammed bin Salman to launch the country’s ambitious and generational transformation program to wean the Kingdom away from oil under the Vision 2030 plan in 2016 was also an important...