Companies & Finance

The rise of NOC-NOC partnerships

Middle Eastern NOCs are joining with their Asian counterparts as they look for new ways to secure demand. But such partnerships face challenges, says EY’s Paul Navratil Middle Eastern NOCs are joining with their Asian counterparts as they look for new ways to secure demand. But such partnerships face challenges, says EY’s Paul Navratil.
By Verity Ratcliffe 6 March 2018 0 29863
A Saudi Aramco gas processing facility. (Aramco)

Middle Eastern NOCs are increasingly partnering with Asian NOCs. While there are incentives for them to work together, such partnerships also face challenges, Paul Navratil, EY’s global emerging markets oil and gas leader, told Interfax Natural Gas Daily

Interfax Natural Gas Daily: What investment trends are you seeing among Middle Eastern NOCs?

Paul Navratil: The industry is realising it is a demand-driven world. It’s no longer the case that they can produce and all will be well. Now they need to secure demand to ensure the viability...