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Statoil warns of emerging breed of NOC.

Publication: The Oil Daily
Publication Date: 08-DEC-05
Format: Online
Delivery: Immediate Online Access

Article Excerpt
Eager to expand beyond their borders, state-owned oil companies--already the dominant players in the global oil business--are poised to become even bigger players on a worldwide scale, a Statoil executive predicted Wednesday.

Over the next decade or so, a dozen so-called international national oil companies (INOCs) will likely exist, according to John Knight, a Statoil senior vice president. Knight and other oil company executives were in Houston on...

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