Is resource nationalism on the rise?

Ownership of world oil and gas reserves - International Oil Companies (IOC) and National Oil Companies (NOC). Source:American Petroleum Institute, 2010
Ownership of world oil and gas reserves - International Oil Companies (IOC) and National Oil Companies (NOC). Source:American Petroleum Institute, 2010

Resource nationalism, where governments of energy-rich countries seek larger ownership stakes and a bigger share of the spoils from foreign companies, has re-emerged as a rising global phenomenon. This not only has operational and financial implications for extractive companies but could destabilise the world’s energy markets. Argentina's decision to nationalise oil firm YPF, a subsidary of Spain's Repsol, this year is an example of that trend. Will other countries follow suit? This report explores the forces shaping relations between countries and the private sector as they vie for control of hydrocarbon resources.

RESOURCE nationalism is nothing new. But it can mean different things...

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