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The New & Old Seven Sisters (Oil Companies)

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Clarification about the topic: The “Seven Sisters ” was a term coined in the 1950s by businessman Enrico Mattei, then-head of the Italian state oil company Eni, to describe the seven oil companies which formed the “Consortium for Iran” cartel and dominated the global petroleum industry from the mid-1940s to the 1970s.[1][2] The group comprised Anglo-Persian Oil Company (now BP); Gulf Oil, Standard Oil of California (SoCal), Texaco (now Chevron); Royal Dutch Shell; Standard Oil of New Jersey (Esso) and Standard Oil Company of New York (Socony) (now ExxonMobil).[3] [4]
Prior to the oil crisis of 1973, the members of the Seven Sisters controlled around 85 percent of the world’s petroleum reserves, but in recent decades the dominance of the companies and their successors has declined as a result of the increasing influence of the OPEC cartel and state-owned oil companies in emerging-market economies
The Financial Times has used the label the “New Seven Sisters” to describe a group of what it argues are the most influential national oil and gas companies based in countries outside of the OECD.[10][1] According to the Financial Times this group comprises:
Saudi Aramco (Saudi Arabia)
China National Petroleum Corporation
Gazprom (Russia)
National Iranian Oil Company
Petrobras (Brazil)
PDVSA (Venezuela)
Petronas (Malaysia)
It should be coming from a finance prospective and include any relevant models, situations, results, and everything.
Requirements of the research: The assignment will be a 4,000 word report format.
Involves research and investigations. Concise and evidence of good research reinforced with accurate references. Introduction purpose and background, literature review, analysis, theoretical models (if relevant), results and conclusion. 
Evidence of recent research and citation of relevant articles is a must!!
Sloppy work will be penalised eg. poor (careless) spelling, grammar, citations, sentence structure, and of course plagiarism. 
Please consider using the following sources when conducting the research.
Good sources for financial news:
www.economist.com (The Economist)
www.ft.com (The Financial Times)
www.wsj.com (The Wall Street Journal – partly restricted to subscribers)
(cross-references to press comment on business and financial issues)
Web addresses for some other journals that are read by financial managers:
www.euromoney.com (free access on registration)
www.institutionalinvestoronline.com (free access on registration )
Some useful sites with market commentary and data on individual firms and stocks:
www.corporateinformation.com (a good international site on company information)
http://finance.yahoo.com (an outstanding source of stock price and company information)
www.reportgallery.com (easy access to annual reports).
Some home pages with a variety of useful data, calculators, etc…
www.duke.edu/~charvey (Campbell Harvey’s homepage)
www.equity.stern.nyu.edu/~admodar (AswathDamodoran’s home page)
http://aida.econ.yale.edu (Robert Shiller’s home page)

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