The Cost of an Emerging National Oil Company
Emerging NOCs need to adjust their plans and ambitions to the new realities of price and competition for investment, writes Valérie Marcel.

Institutional Design in Low-Capacity Oil Hotspots:
This paper focuses on low-capacity countries courted by investors seeking access to petroleum resources during the exploration boom. The key question that emerges in all cases is how to organize and manage the petroleum sector in order to maximize the public benefit derived from oil and gas resources. In particular, what role should national oil companies and other governing bodies have?