The Power of Petroleum:
The Seven Sisters of the petroleum industry is a term coined by an Italian entrepreneur, Enrico Mattei,that refers to seven oil companies that dominated mid 20th century oil production, refining, and distribution.
The "New Seven Sisters"
On 11 March 2007, the Financial Times identified the "New Seven Sisters":
The most influential and mainly state-owned national oil and gas companies from countries outside the OECD.
They are:
Saudi Aramco (Saudi Arabia)
JSC Gazprom (Russia)
CNPC (China)
NIOC (Iran)
PDVSA (Venezuela)
Petrobras (Brazil)
Petronas (Malaysia)
The Seven Sisters of the petroleum industry is a term coined by an Italian entrepreneur, Enrico Mattei,that refers to seven oil companies that dominated mid 20th century oil production, refining, and distribution.
The "New Seven Sisters"
On 11 March 2007, the Financial Times identified the "New Seven Sisters":
The most influential and mainly state-owned national oil and gas companies from countries outside the OECD.
They are:
Saudi Aramco (Saudi Arabia)
JSC Gazprom (Russia)
CNPC (China)
NIOC (Iran)
PDVSA (Venezuela)
Petrobras (Brazil)
Petronas (Malaysia)
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