Oil Titans

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 simmering social pressures. Increasingly, state-owned oil firmsparticularly in the Middle Eastare having to balance the political demands of their governments with the need to be commercially competitive. In t