Because crude oil is still the lifeblood of any well-functioning economy and because the infrastructure surrounding it is so multi-faceted – including extensive pipelines running across vast swathes of land, expensive drilling rigs and refineries in place, and heavy on-the-ground security operations to protect such valuable installations – the major oil companies of various countries often play a bigger role for their countries than just a straightforward commercial one.
At the extremes, there are the state-run oil companies of Russia…Is This The Most Succesful Western Oil Major In The Middle East?
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