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How will Asian NOCs adapt to a post-crisis world?

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12 June 2020

How will Asian NOCs adapt to a post-crisis world?

Report summary

Governments rely on their national champions for energy, tax revenues, jobs and diplomacy. But the economic reality of a US$30/bbl oil price is very different to that of US$40/bbl, and corporate plans have changed as a result. The Asian NOCs are under more pressure than ever to balance their state obligations with commercial priorities. We consider the outlook for PetroChina, Sinopec, CNOOC Ltd, PETRONAS and PTTEP.

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