State-Backed Firms To Dominate In The Short Term

摘要

BMI View: Despite its upstream potential, Afghanistan's fledging oil and gas industry is likely to be dominated by national oil companies (NOCs) such as Turkey's TPAO and China's CNPC in the short term. Unlike private companies, these state-backed firms can make political gains in exchange for taking a risk on the country's prospective but uncertain upstream segment.