We showed about the top 10 oil companies in the world in the previous topic. Those companies are based on several criteria.
Today, I would like to show the interesting information about top 10 oil companies based on oil and gas reserves. You will see that all of them are national oil companies
Saudi Arabian Oil Company
We’re not just Saudi Arabia’s national oil company – we’re also a fully integrated, global petroleum enterprise and a world leader in exploration, production, refining, distribution, shipping and marketing.
We manage the world’s largest proven crude oil reserves of 260.1 billion barrels and the world’s fourth-largest gas reserves, with 279 trillion cubic feet. With headquarters in Dhahran, Saudi Arabia, we also have offices in North America, Europe and the Far East.
National Iranian Oil Company
NIOC at a Glance Since 1951, National Iranian Oil Company (NIOC) has been directing and making policies for exploration, drilling, production, research and development, refining, distribution and export of oil, gas, petroleum products.
NIOC, with a vast amount of oil and gas resources, is one of the world’s largest oil companies. At the present time, it is estimated that the company holds 137 billion barrels of liquid hydrocarbons and 29 trillion cubic meters of natural gas.
Qatar General Petroleum Corporation
Qatar Petroleum (QP), a state-owned corporation established in 1974, is responsible for all phases of the oil and gas industry in Qatar. The principal activities of Qatar Petroleum and its subsidiaries and joint ventures cover exploration, drilling and production operations, transport, storage, marketing and sale of crude oil, natural gas liquids, liquefied natural gas, gas-to-liquids, refined products, petrochemicals and fertilizers, and helicopter and financial services.
Qatar Petroleum’s strategy of conducting hydrocarbon exploration and new projects is through Exploration and Production Sharing Agreements (EPSA) and Development and Production Sharing Agreements (DPSA) concluded with major international oil and gas companies.
Iraq National Oil Company
The Iraqi Oil Ministry declared its oil exports for the previous September 2011 which was (63.1) million barrels and their achieved outcome which is about (6,619) billions dollars.
Petroleos de Venezuela.S.A.
Petróleos de Venezuela S.A., the state-owned corporation of the Bolivarian Republic of Venezuela, is responsible for the efficient, profitable, and dependable exploration, production, refining, transport and commerce of hydrocarbons. This company is deeply committed to environmental protection and its main objectives are to foster the harmonic development of the country, to guarantee sovereignty of national resources, to increase endogenous development and to serve and benefit the Venezuelan people, who correspond to their share of the country’s national wealth.
Abu Dhabi National Oil Company
Abu Dhabi National Oil Company (ADNOC) was established in 1971, to operate in all areas of the oil and gas industry and since then has steadily broadened its activity establishing companies and subsidiaries and creating an integrated oil and gas industry in Abu Dhabi. Today, the company manages and oversees oil production of more than 2.7 million barrels a day which ranks it among the top ten oil and gas companies in the world.
Kuwait Petroleum Corporation
In 1980 Kuwait Petroleum Corporation (KPC) was established as the state owned asset and all other oil companies in Kuwait, including KNPC, became KPC subsidiaries. One year later after the establishment of KPC, the oil sector in Kuwait was restructured on sectorial basis. KNPC became responsible for the oil refining and gas liquefaction industry in addition to the marketing of petroleum products in Kuwait through a chain of filling stations, which reached its peak between 2005/2007 with 119 operating filling stations. In collaboration with KPC the company embarked on studies and plans to modernize refining industry in Kuwait with a multi billion dollar projects to revamp Mina Al-Ahmadi and Mina Abdullah Refineries.
Nigerian National Petroleum Corp.
In addition to its exploration activities, the Corporation was given powers and operational interests in refining, petrochemicals and products transportation as well as marketing. Between 1978 and 1989, NNPC constructed refineries in Warri, Kaduna and Port Harcourt and took over the 35,000-barrel Shell Refinery established in Port Harcourt in 1965.
In 1988, the NNPC was commercialised into 12 strategic business units, covering the entire spectrum of oil industry operations: exploration and production, gas development, refining, distribution, petrochemicals, engineering, and commercial investments.
National Oil Company (Libya)
The National Oil Corporation (NOC) was established on 12 November 1970 , under Law No: 24/1970, replacing the general Libyan Petroleum Corporation which established under Law No. 13 of 1968 to assume the responsibility of the oil sector operations . It was later reorganized under decision No :10/1979 by the General Secretariat of the General People’s Congress, to undertake the realization of the objectives of the development plan in the areas of petroleum , supporting the national economy through increasing , developing and exploiting the oil reserves and operating and investing in those reserves , to realize optimum returns. In carrying out its activities, NOC may enter into participation agreements with other companies and corporations carrying out similar activities.
Sonatrach is the largest oil and gas company in Algeria and Africa. The company operates in exploration, production, pipeline transportation and marketing of hydrocarbons and by products.
As part of a diversification strategy, Sonatrach stepped up investments in power generation, new and renewable energies, water desalination, and mining exploration and exploitation. The international strategy of the company includes operations in several parts of the world namely: in Africa (Mali, Niger, Libya, Egypt), in Europe (Spain, Italy, Portugal, Great Britain), in Latin America (Peru) and in the USA.
With a turnover nearing $56,1 billion in 2010, Sonatrach is ranked first company in Africa and 12th in the world. It is also 4th world LNG exporter, 3rd world LPG exporter and 5th World Natural gas exporter.
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