12 February 2008 23:22 [Source: ICIS news]
HOUSTON (ICIS news)--State companies continue to shun international oil firms even though there is a shortage of refining capacity for their large national reserves, a leading industry analyst said on Tuesday.
Olivier Abadie, Cambridge Energy Research Associates (CERA) director of downstream oil for Europe, said many of the national companies have an isolationist attitude to the international oil companies (IOCs).
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Venezuelan president Hugo Chavez threatened on Sunday to cut off oil exports to the
“There is quite a strong opposition to have someone else work in your country,” Abadie said of these issues, adding the international company’s attitudes may also need to change.
“It doesn’t help the IOC’s to be ultra-pushy about it,” Abadie said.
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