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...Corporate ownership control volume issue continued national oil companies business models challenges and emerging trends saud m al fattah abstract this paper provides an assessment a review of the nocs opportunities their strategies role company noc continues to evolve as global energy landscape changes reflect variations in demand discovery new ultra deep water deposits geopolitical developments traditionally viewed custodians country s natural resources have generally owned managed complete gas supply chain from upstream downstream activities recent years emerged not only joint venture partners globally with major but increasingly competitors international iocs many are now more active mergers acquisitions thereby increasing number seeking acquisition asset targets keywords petroleum operating saudi aramco king abdullah studies research center kapsarc e mail com introduction historically mainly operated home countries although evolving trend is that they defined those going examples ...