The World Bank estimates that national oil companies (NOCs) control up to 90% of global oil and gas reserves and represent 14 of the top 20 oil producing firms in the world. NOCs often play an outsize role in emerging market economies, acting as stewards of a country’s resource development. While some operate efficiently and deliver significant revenue to their treasuries, many are plagued with corruption and inefficiency. Despite their important role in determining the future supply, security, and pricing of oil, NOCs are poorly understood.
In order to help address the absence of publicly available comparative data, the Natural Resource Governance Institute has assembled the world’s most comprehensive open database on NOCs. The database offers financial and operational data on over 70 NOCs covering 2011 onward. Join us for an in-depth discussion on the potential value of the database for investors, the genesis for the project, as well as future goals and plans.