His government's most notable policy, however, was the nationalization of the Iranian oil industry, which had been under British control since 1913 through the Anglo Persian Oil Company (APOC ) (later British Petroleum and BP).

Support for oil nationalization Most of Iran's oil reserves were in the Persian Gulf area and had been developed by the British Anglo Iranian Oil Company (AIOC) for export to Britain.

State Organization for Marketing of Oil (SOMO) is an Iraqi National Company responsible for marketing Iraq's oil.

Saudi Arabia s national oil company has achieved homegrown expertise in oil drilling that is widely admired in the West.

In May and November 2004, the Chairman again requested, by telephone, the Managing Director of the same parastatal to give 20,000 for national security purposes, even though nearly one fifth of the total NTGL budget was meant for Security Services Sector.

Nigeria is reorganizing its state oil company, introducing transparency legislation, and launching sweeping audits of the oil and gas sector.

In 1961 Iraq passed Public Law 80 whereby Iraq expropriated 95 of the Iraq Petroleum Company's concessions, and went on to announce the intent to form the INOC in 1964.

Ibrahim too shares the following suggestion to oil giant Saudi Aramco, which is celebrating its centennial this year فيها مطار وفيها كل شئ .. ولا راح يحتاجون انهم يقفلون طرق ولا شئ

Oil is extracted and processed by Petroleum Development Oman (PDO), with proven oil reserves holding approximately steady, although oil production has been declining.

The China National Petroleum Corporation holds a 40 stake in the Greater Nile Petroleum Company and has invested 3 billion in refinery and pipeline construction.

Occidental Petroleum Corporation (Oxy) is a Houston based oil and gas exploration and production company with operations in the United States, the Middle East, North Africa, and South America.

The state owned oil (Pemex) and electric power (Federal Electricity Commission) companies face no competition.

In December 2004, Dokubu s militias took 75 oil workers hostage and forced Shell to shut down about 10 of the country s oil supply.

Upon reasserting political control in 2003, Chávez fired 40 of PDVSA s staff.

The Bahrain National Gas Company operates a gas liquefaction plant that utilizes gas piped directly from Bahrain's oilfields.

In addition, Gazprom produced about 32.3 million tons of crude oil and nearly 12.1 million tons of gas condensate.

An example is the company of John D. Rockefeller, who was an important figure in shaping the new oil industry.

The Monrovia Oil Transport Corporation is also owed by the Taylor Government ( 2.7 million), but it has not received any payment from the National Transitional Government of Liberia.

In September 1994, a 30 year contract was signed between the State Oil Company of Azerbaijan Republic (SOCAR) and 13 oil companies, among them Amoco, BP, ExxonMobil, Lukoil and Statoil.

Yukos, once Russia s leading oil company and a favorite of international investors, is in its death throes.

The first few years of his rule were dominated by his struggle to gain control of the country s state owned oil company, PDVSA.

In 1938, before the beginning of the Second World War, Gulbenkian incorporated in Panama a company to hold his assets in the oil industry.

Last December, China s state owned National Petroleum Corporation signed a deal with the Afghan authorities that would make it the first foreign company to exploit Afghanistan s oil and natural gas reserves.

Brazilian firms have been investing mostly in primary industries such as energy and mining, led by Petrobras in oil and energy (UNCTAD 2004a).

And, as if this good news were not enough, Brazil s giant state oil company, Petrobrás, is already at work developing two huge deep water oil fields discovered in the sea off the coast of Rio de Janeiro.

Chávez turned PDVSA into a personal fiefdom and used it as a cash cow many of his social programs were funded directly from the company s budget.

Other agreements include a project in which Brazil s state energy company, Petrobrás, and Cuba s Cupet will extract oil in the Gulf of Mexico, and another that involves technological aid from the Brazilian Company Pessquisa Agropecuária for the development of soya production in Cuba.

Conoco holdings 1981 to 1995 In 1981, DuPont acquired Conoco Inc., a major American oil and gas producing company that gave it a secure source of petroleum feedstocks needed for the manufacturing of many of its fiber and plastics products.

Examination of the annual accounts of NPA, as presented to the Panel, for the year 2004 revealed the following interesting points

This is an extraordinarily high dividend in the world oil industry. In the past decade, YPF s reserves diminished significantly, along with those of most oil companies operating in Argentina, because investment in exploration was greatly reduced.

In Russia, Rosneft and BP are involved in a complicated arrangement to exploit Arctic offshore oil and gas resources for example, in the Pechora Sea.

And the thing about John D. is that he went into this chaotic wild east of oil industry, and he rationalized it into a vertically integrated company, a multinational.

For years, oil companies such as Exxon tried to pretend that climate change wasn t real or that the risks were exaggerated.

In 1915 he joined the Lookout Oil and Refining Company in Tennessee and was responsible for the installation of electrolytic cells for the production of hydrogen which was used in the hydrogenation of vegetable oils.

A British company discovered the oil, and, thanks to allegations that British soldiers raped hundreds of Kenyan women from 1965 to 2002, our former colonial master s reputation isn t good.

Contracts are being respected only in the breach, and technicians and lawyers from PDVESA, the Venezuelan oil giant, are auditing Petrobras installations in Bolivia.

Sections 100 to 105 inclusive of the Bill deal with the promotion of local content, specifically, the involvement of the state oil company, provision of goods and services by local entrepreneurs, as well as the employment and training of citizens of Ghana.

Large oil reserves were first identified in the Dhahran area in 1931, and in 1935, Standard Oil drilled the first commercially viable oil well.

Exxon Mobil in 2008, a Twitter account ( ExxonMobilCorp) was set up purporting to be the views of an official spokesperson for the oil company, only for it later to be exposed as fake.

The stock price of Halliburton, Vice President Dick Cheney s old company, has soared. But even as the government turned increasingly to contractors, it reduced its oversight.

In the past decade, YPF s reserves diminished significantly, along with those of most oil companies operating in Argentina, because investment in exploration was greatly reduced.

For starters, Chávez is a formidable campaigner, and he has at his disposal every available lever of state power, from the Electoral Council to PDVSA, the national oil company.

Chávez also remained in power after an all out national strike that lasted from December 2002 to February 2003, including a strike lockout in the state oil company PDVSA.

A subsidiary, subsidiary company, or daughter company, is a company that is owned or controlled by another company.

This portion of crude oil is often referred to as heavy gas oil or vacuum gas oil (HVGO).