Global Oil Firms Must Dance to Producers' Tune for Oil

Reuters Business Channel | Reuters.com:
by Maryelle Demongeot -- Sept 12, 2005
"SINGAPORE (Reuters) - Oil majors such as BP (BP.L: Quote, Profile, Research) and Exxon Mobil Corp. (XOM.N: Quote, Profile, Research) are by most accounts the most efficient, effective and experienced producers of crude in the world.
But that does not seem to be enough anymore.
Oil-rich countries reasserting control over their prized possessions now demand much more than competency or finance. They want an investor to help build their nation, a company whose corporate personality they warm to, or a partner of choice that can help realize their global ambitions, analysts say."