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. NOCs produce about half the world’s oil and gas.

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 CountryCompanyDate foundedNotesAbu DhabiAbu Dhabi National Oil Company1971AlgeriaSonatrach1963ArgentinaYPF1922AzerbaijanSOCAR1992BangladeshPetrobangla1972BoliviaYPFB1936BrazilPetrobras1953CanadaPetro-Canada1975Privatised in 1991ChileEmpresa Nacional del Petróleo1950ChinaChina National Offshore Oil Corporation1982ChinaChina National Petroleum Corporation1988ChinaSinopec1982EcuadorPetroecuador1989IndiaIndian Oil Corporation1958IndonesiaPertamina1968IranNational Iranian Oil Company1951IraqIraq National Oil Company1966KuwaitKuwait Petroleum Corporation1980MalaysiaPetronas1974MexicoPemex1938NigeriaNNPC1977NorwayEquinor1972PeruPetroperú1969QatarQatarEnergy1974Saudi ArabiaSaudi Aramco1933South KoreaKorea National Oil Corporation1979TurkeyTPAO1954UkraineNaftogaz1991UzbekistanUzbekneftegaz1992VenezuelaPDVSA1976VietnamPetrovietnam1977

See also List of petroleum companies Nationalization of oil supplies State-owned enterprise

References

External links National Oil Company Database