Gulf oil: new moves in a changing domestic and global landscape

Gulf oil: new moves in a changing domestic and global landscape

Across the Gulf region, national oil companies (NOCs) are evolving into commercial and global enterprises, in different ways and with varying degrees of success.  Their strategic directions are influenced by factors related to their leaders’ development priorities, geopolitical drivers, resource endowments and commercial opportunities.  While some have been pioneers in globalization since the nationalizations of the 1970s and 1980s, it is only in the last several years that others have made their mark worldwide.