Apr 18: Over the last 22 years, there have been attempts by different governments to merge state-owned oil companies to create a mega company. 8Two different advisory committees have recommended against it. 8carry here an analysis of different mega merger alternatives using a multiple criteria methodology based on eight factors to show that the formation of such a company could have a negative impact on energy security and competitiveness. 8In fact, creating more oil companies, especially downstream companies by splitting IOCL, is more preferable. Click on Reports for more