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Natural Resources in Data Blog

How indebted are national oil companies?

3/11/2020

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As oil prices plummet, so will revenues and government transfers of national oil companies (NOCs). Should this go on, some NOCs may face insolvency, debt restructuring, and costly government bailouts.
​Using latest data (2018) from NRGI’s National Oil Company Database, I visualized the ratio of debts-to-assets of NOCs with available data.

Key takeaways:
  • ​Average debt-to-asset ratio among assessed NOCs in was at 59%;
  • Among NOCs producing above 500,000 boe/day, eight has debts more than half their assets lead by Pemex of Mexico, Petrobras of Brazil, and Rosneft of Russia.
  • The bottom three are ONGC of India, Petronas of Malaysia, and Saudi Aramco of Saudi Arabia.​
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    Hey there! I'm Marco from the Philippines. I write mostly about natural resource governance, open data, and good governance. 

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