National Oil Company

A National Oil Company (NOC) is a state-owned enterprise responsible for managing a country's oil and gas resources. These companies operate in exploration, production, refining, and distribution of oil and gas, playing a crucial role in the national economy. NOCs often have significant influence over energy policy and can control major energy reserves. Examples include Saudi Aramco in Saudi Arabia and Petrobras in Brazil. By prioritizing national interests, NOCs are instrumental in ensuring energy security and generating revenue for their governments, while also navigating global oil markets.