A study showed that about 65% of the world’s discovered oil and gas reserves belong to state-owned oil companies.
According to a report published by the “Oil Price” website, according to a study conducted by the “Wood Mackenzie” group, which specializes in energy research, about 40% of oil and gas discoveries were made by state-owned oil companies.
This report indicates that the companies with the largest oil and gas reserves are: Saudi Aramco, UAE ADNOC, Qatar Energy, Russian companies Rosneft and Gazprom, National Iranian Oil Company and Venezuela Oil Company.
The study estimates that these seven companies can continue to produce oil and gas at their current rates for the next 40 to 60 years.
The data shows that state-owned oil companies have discovered about 100 billion barrels of oil since 2011, twice as much as private oil majors.
This study notes that 4 of these large state-owned enterprises are subject to international sanctions.
Environmental organization Ember estimates that future oil and gas assets will disappear before mid-century.
Oil prices briefly fell more than 5 percent on Thursday, hitting levels not seen since the start of the war with Ukraine, on fears of an economic slowdown that threatens demand for the black gold amid hyperinflation. history According to France, in the United States and the Eurozone.
Fears of falling demand weighed on gains recorded after Russia’s invasion of Ukraine, when oil prices surged to levels not seen since the 2008 economic crisis.
Source: Lebanon Debate
