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The State Oil Company of the Republic of Azerbaijan (Azerbaijani: Azərbaycan Respublikası Dövlət Neft Şirkəti, ARDNŞ), largely known by its abbreviation SOCAR, is a fully state-owned national oil and gas company headquartered in Baku, Azerbaijan.
For state-owned oil corporations, the list below is also partially sourced from data provided by Statista [2] and the Sovereign Wealth Fund Institute. [3] This list provides data for parent companies, not each subsidiary.
Saudi Aramco (Arabic: أرامكو السعودية ʾArāmkū as-Suʿūdiyyah), officially the Saudi Arabian Oil Company or simply Aramco (formerly Arabian-American Oil Company), is a majority state-owned petroleum and natural gas company that is the national oil company of Saudi Arabia.
Equinor ASA (formerly Statoil and StatoilHydro) is a Norwegian state-owned multinational energy company headquartered in Stavanger, Norway.It is primarily a petroleum company operating in 36 countries with additional investments in renewable energy.
There are well over 150 government-owned or partially state-owned companies in Saudi Arabia, reflecting the government's strategic role in the economy. These companies are managed by government agencies, sovereign wealth funds like the Public Investment Fund (PIF), and other state-owned entities.
The state-owned company pays out over 60% of its revenue in royalties and taxes. [45] Mexico exports crude oil, but imports more expensive gasoline. [ 46 ] National Hydrocarbons Commission , created in 2008 by the Mexican Congress to increase regulatory oversight, has increased scrutiny over Pemex in 2012.
A national oil company (NOC) is a petroleum company that is fully or partly owned by the government of a sovereign nation. [ 1 ] : 3 NOCs produce about half the world’s oil and gas. [ 2 ] [ 3 ]
Petróleos de Venezuela, S.A. (acronym PDVSA, Spanish pronunciation: [peðeˈβesa]) (English: Petroleum of Venezuela) is the Venezuelan state-owned oil and natural gas company. It has activities in exploration, production, refining and exporting oil as well as exploration and production of natural gas.
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