RPT-Buyers' market for oil companies in Davos

Mon Jan 27, 2014 5:00am EST
 
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* Resource nationalism easing, say oil bosses

* Countries compete for capital to develop resources

* Oil majors get bigger bargaining power

* Majors on capital diet, new players get bigger chances

By Dmitry Zhdannikov

DAVOS, Switzerland, Jan 25 (Reuters) - Oil executives normally travel the world to win big contracts - but rarely do government officials travel the other way.

This week in Davos, however, some of the most powerful oil CEOs gathered on the sidelines of the World Economic Forum and were presented with an embarrassment of riches.

While the appearance of Iran's new president and oil minister in front of the heads of BP, ENI, Total and Lukoil made most headlines, the executives also heard presentations by officials from Canada, Mozambique and Mexico.   Continued...