11. Reforming National Oil Companies: Nine Recommendations
- Author:
- Patrick Heller, Paasha Mahdavi, and Johannes Schreuder
- Publication Date:
- 07-2014
- Content Type:
- Policy Brief
- Institution:
- Natural Resource Governance Institute
- Abstract:
- Some national oil companies (NOCs) have contributed heavily to successful efforts to harness benefits from the oil sector and drive broader national development. In other cases, however, NOCs have become inefficient managers of national resources, obstacles to private investment, drains on public coffers, or sources of patronage and corruption. As such, NOC reform—incremental in some cases, fundamental in others—lies at or near the top of the policy agendas of many oil-rich countries. Building on existing literature, we surveyed 12 NOCs from diverse geographical and operational contexts to distill practical steps that policy-makers can take to make their countries' NOCs more effective and more accountable—to governments and to citizens. Our recommendations can be seen in both the executive summary and the full report.
- Topic:
- Oil, Transparency, Data, and State-Owned Enterprises
- Political Geography:
- Europe, Malaysia, Middle East, Kazakhstan, Norway, Asia, Kuwait, Brazil, Vietnam, Saudi Arabia, Latin America, Mexico, Nigeria, Angola, Ghana, Cameroon, and Sub-Saharan Africa