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An example is Chernogorneft, an oil concern.
Hess is the latest oil concern to limit itself to exploration and production, as a way to sharpen focus and improve growth.
If the oil concern is forced into liquidation, a fire sale of its assets would probably provide only a small fraction of the $3.6 billion it owes bondholders.
Chevron, the nation's third-largest oil company, has agreed to buy Texaco for $36 billion in stock, creating the world's fourth-largest oil concern.
The Chevron Corporation agreed yesterday to acquire Texaco Inc. for about $36 billion in stock, creating the world's fourth-largest oil concern.
B7 BUSINESS DAY C1-24 Chevron to Buy Texaco Chevron has agreed to buy Texaco for $36 billion in stock, creating the world's fourth-largest oil concern.
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Libya, too, has been a disappointment to Western oil concerns.
Chris Doyle, the director of Caabu, points out that the oil concerned is used in power generators.
On the broadest level, foreign oil concerns question how stable Iraq would be after a war.
Foreign oil concerns "hold a few baseball tournaments and everyone thanks them," Mr. Abilov said.
Russia has tarried in developing tax laws and a production-sharing agreement for foreign oil concerns.
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