We are in a rapidly and profoundly changing world—a world, which at the turn of the century has been indelibly marked by a major trend in globalization and the resulting interdependence of economies. This globalization has produced enormous movements of capital, impacting not only multinational companies but also local economies.
Multinational companies and countries have revised their roles and strategic positioning and as a result have opened opportunities for new players, especially from Asia, to participate and compete in a wider international arena.
The globalization trend and the entry of new players are true in the energy sector and particularly...
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