Big Oil Faces Global Competition From National Oil Companies

摘要

IOCs will likely continue to have a technological advantage compared to NOCs for quite some time. In areas of the world where hi-performance lubes are a must for resisting the elements - heat, dirt, dust, sand and cold - foreign brands tend to perform better. IOCs ben- efit from greater access to higher quality base stocks and additives, where NOCs are typically limited by their own integrated production supply.