Multinationals

Multinational corporations are business entities that operate in more than one country. The typical multinational corporation or MNC normally functions with a headquarters that is based in one country, while other facilities are based in locations in other countries. In some circles, a multinational corporation is referred to as a multinational enterprise or a transnational corporation, so either multinational or transnational may have the same meaning

The role played by multinational oil companies in the tremendous expansion of the world petroleum consumption and trade has been one of the great business successes of modern times. As oil replaced more expensive and less versatile fuels, the companies opened and serviced vast new markets for crude oil and petroleum products throughout the industrializing world. To fulfill the resulting rapidly growing demand, companies discovered and produced ever greater quantities of inexpensive crude oil in The Pacific, South America, The Middle East And Africa.

This Topic shows us the great importance of the multinational companies, neither the fuels nor the oil business itself would be so successful without this companies.