National oil company

A national oil company (NOC) is a petroleum company that is fully or partly owned by the government of a sovereign nation.^[1]^: 3 NOCs produce about half the world’s oil and gas.^[2]^[3]

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

List of companies

Country	Company	Date founded	Notes
Abu Dhabi	Abu Dhabi National Oil Company	1971
Algeria	Sonatrach	1963
Argentina	YPF	1922
Azerbaijan	SOCAR	1992
Bangladesh	Petrobangla	1972
Bolivia	YPFB	1936
Brazil	Petrobras	1953
Canada	Petro-Canada	1975	Privatised in 1991
Chile	Empresa Nacional del Petróleo	1950
China	China National Offshore Oil Corporation	1982
China	China National Petroleum Corporation	1988
China	Sinopec	1982
Ecuador	Petroecuador	1989
India	Indian Oil Corporation	1958
Indonesia	Pertamina	1968
Iran	National Iranian Oil Company	1951
Iraq	Iraq National Oil Company	1966
Kuwait	Kuwait Petroleum Corporation	1980
Malaysia	Petronas	1974
Mexico	Pemex	1938
Nigeria	NNPC	1977
Norway	Equinor	1972
Peru	Petroperú	1969
Qatar	QatarEnergy	1974
Saudi Arabia	Saudi Aramco	1933
South Korea	Korea National Oil Corporation	1979
Turkey	TPAO	1954
Ukraine	Naftogaz	1991
Uzbekistan	Uzbekneftegaz	1992
Venezuela	PDVSA	1976
Vietnam	Petrovietnam	1977

References

↑ "Opportunity NOCs: How investors can jumpstart energy transitions in national oil companies". The 2035 Initiative at UC Santa Barbara. Retrieved 2024-02-10.
↑ Cahill, Ben; Swanson, Kjersti (2023-12-13). "National Oil Companies, Climate Commitments, and Methane".
↑ "Facing the Future: What National Oil Companies Say About the Energy Transition". Natural Resource Governance Institute. Retrieved 2024-02-10.

External links

National Oil Company Database

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[1] "Opportunity NOCs: How investors can jumpstart energy transitions in national oil companies". The 2035 Initiative at UC Santa Barbara. Retrieved 2024-02-10.

[2] Cahill, Ben; Swanson, Kjersti (2023-12-13). "National Oil Companies, Climate Commitments, and Methane".

[3] "Facing the Future: What National Oil Companies Say About the Energy Transition". Natural Resource Governance Institute. Retrieved 2024-02-10.

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