China's National Oil Companies: Restructuring the Three Dragons Case Solution
This is just an excerpt. This case is about STRATEGY & EXECUTION
PUBLICATION DATE: October 01, 2016
China's three National Oil Companies (NOCs) jointly represent a powerful pressure in the world of oil and gas. The concept was to produce a Chinese ExxonMobil out of the three NOCs. These drawbacks materialized themselves in the 2nd significant challenge specifically the impulse to secure useful resources although the NOCs themselves did not appear to have the innovation to generate income from the reserves. China's three National Oil Companies (NOCs) jointly represent a powerful force in the world of oil and gas. The concept was to produce a Chinese ExxonMobil out of the three NOCs. These drawbacks manifested themselves in the 2nd significant barrier specifically the impulse to safeguard resources although the NOCs themselves did not appear to have the innovation to generate income from the reserves. The federal government had actually not articulated a clear shale advancement method, and had actually been drawing its feet with regard to attempting imported innovation and permitting foreign companies to run leases. The decrease in energy rates and a slowing down of domestic financial development in China had actually suppressed the worldwide march of the NOCs.
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