Catching-up with supermajors: the technology factor in building the competitive power of national oil companies from developing economies

Bereznoy Alexey

doi:10.1080/13662716.2018.1467311

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Catching-up with supermajors: the technology factor in building the competitive power of national oil companies from developing economies

Industry and Innovation. 2019. Vol. 26. No. 2. P. 127-157.

Bereznoy A.

The paper investigates the role of technology in the growing

competitive potential of state-controlled national oil companies

(NOCs) from developing countries. The technological development

of NOCs is analyzed in the context of their increasing rivalry with

supermajors, which have dominated the global oil and gas industry

for decades. The author reveals the main features of NOCs’ catch-up

development amid the dynamic changes in the competitive landscape

of the global oil industry. These trends were analyzed against the

background of the current phase of the oil industry’s technological

evolution. The paper concludes that although rapid technological

growth did become a key strategic priority of many NOCs, only

very small group of them managed to achieve equal footing with

traditional industry leaders. For the majority of the remaining NOCs,

the existing limitations related to the policy of their home state did not

allow them to narrow the technological gap with global supermajors.

Research target: Economics and Management

Priority areas: economics management

Language: English

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Keywords: Catch-up development national oil companies international oil companies technology factor of competition

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