Showing posts with label opec. Show all posts
Showing posts with label opec. Show all posts

Tuesday, December 27, 2011

Iran Says It Will Block Oil if West Sets Sanctions


Iran said it would close off the world’s most important oil transit point if Western powers try to limit its oil sales...

Source: www.nytimes.com

Wednesday, September 24, 2008

Oil Biz: Meet The Powerful "7 Sisters"

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)