This is a great piece! When you look at the large petroleum companies globally, do you think there will be a trend towards countries using their own national petroleum companies and building the full supply chain locally? (Ie. China, India, Indonesia all have their own oil companies vs. BP or Exxon)
Thank you Daniel. We are already seeing the trend of national oil companies going further downstream, building major refineries and growing their petrochemicals production. Take a look at ADNOC in this space. I see this trend continuing.
This is a great piece! When you look at the large petroleum companies globally, do you think there will be a trend towards countries using their own national petroleum companies and building the full supply chain locally? (Ie. China, India, Indonesia all have their own oil companies vs. BP or Exxon)
Thank you Daniel. We are already seeing the trend of national oil companies going further downstream, building major refineries and growing their petrochemicals production. Take a look at ADNOC in this space. I see this trend continuing.