National Oil Companies List by Country

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In the oil and natural gas industry, there is a group of companies called the National Oil Companies (NOCs). Unlike the private oil companies like Exxon(XOM), BP(BP), etc. the NOCs are majority or fully owned by the government of the country where they are located. For example, Pemex, the largest oil company of Mexico is owned by the state. Most of the NOCs are in emerging markets. In the developed world, a few NOCs exist such as Equinor(EQNR) of Norway.

While private oil majors may have bigger market capitalization NOCs own the most of the known oil reserves and have great influence in the domestic market and beyond.

The following charts and lists show all the NOCs of the world:

National Oil Companies (NOCs) by Country in Map:

Names of National Oil Companies (NOCs) by Country:

Source: The National Oil Company Database, National Resource Governance Institute

Disclosure: No positions

Cognitive Bias Codex: Chart

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Behavioral finance is an important subject that all investors need to educate themselves. As humans all our investment decisions are driven not always by facts and rational reasons. Emotions play a big part whether we are buying or selling a stock or any other asset. We also suffer from all types of bias from information bias to recency bias. To date, over 180 cognitive biases have been discovered as shown in the following chart:

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Source: Personal finance is 80% personal and 20% finance, FirstLinks

China’s Energy Composition 2011 To 2020: Chart

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Coal is still one of the major sources of energy for many countries despite the growth of renewable energy sources. For example, China and India are to of the largest consumers of coal. Rising coal prices in the global market could negatively impact China’s economic growth. Though the country is the world’s largest coal producer, China depends on coal imports to help meet its energy needs according to an article at Deutsche Welle. Currently coal accounts for about 60% of China’s energy consumption. The Top 10 countries with the most coal-fired plants are shown in the chart below. After China, the US has the send highest number of coal plants at 286 followed by India.

Source: Coal crunch: Asia faces winter of discontent, DW

Though coal is the major source of energy in China, the renewable sources for energy is also increasing year after year. Non-fossil fuel energy has increased to 15.9% of installed capacity in 2020, up 8.5% form 2005 according to a white paper titled “Responding to Climate Change: China’s Policy and Actions” published by the State Council Information Office.

China’s Energy Mix 2011 to 2020:

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China’s Non-fossil energy power generation composition:

Source: Graphic: China’s efforts in fighting climate change, China Daily

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Some Fun Facts About Canada: Infographic

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Canada is one the largest countries in the world. But did you know that Canada is actually the second largest country in the world based on land area? Recently I came the following infographic about some fun facts about Canada. Though this is a bit dated still it is useful to learn some fun facts about the great white north. From an economy standpoint, the Canadian economy is about one-tenth the size of the US economy. Generally the saying goes the US is an elephant while Canada is an ant.

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Source: BIV