This work follows upon the author's previous volume, The Political Economy of Venezuelan Oil, and investigates the general workings of the Mexican oil industry in relationship to the economics and politics of Mexico. Specifically the author examines Mexico's state-run oil concern, PEMEX, and the costs and benefits of Mexican oil policy--for the nation as a whole and for special groups. Using in-depth interviews and extensive data from PEMEX and other sources, Randall explores issues such as PEMEX's relationships with workers and the oil union, with suppliers of capital goods and services, with the regions in which oil is produced, and with specific groups of oil consumers. Given the critical and negative publicity PEMEX has received over its lifetime, Randall also seeks to answer questions regarding the extent of corruption, overstaffing, and lax management within PEMEX, which she finds to be less than is often alleged. Students of energy and development economics will find Randall's study an important contribution to the literature of Latin American economic policy. In addition to examining the internal workings of PEMEX, Randall describes and analyzes measures taken to correct earlier abuses and to increase efficiency. She reveals the intricate relationships among Mexican oil production, OPEC, the United States, and other nations, and explores the contradictory aspects of Mexican economic and oil policies that inhibit the ability of the oil industry to reach official goals. Throughout, Randall traces the transformation of PEMEX from a nationalized industry that mainly produced crude oil for export to one that has expanded to include refined products and petrochemicals. As a result of this expansion, Randall demonstrates, PEMEX has had a major impact both on the market for labor and capital goods and on the regions in which it operates. Her conclusions regarding the current and future prospects for PEMEX have important implications for the study of economic and energy development throughout the Third World.

The petroleum industry is among the most lucrative and most important in the world, and its impact within the realm of international politics is tremendous (although it can be overstated). Taking a well-balanced and objective approach to the complicated web of political and economic threads that make up the fabric of the oil industry, Falola and Genova introduce the most salient aspects in clear language, offering cogent and up-to-date information about the countries, companies, international organizations, and people who shape the contemporary history of the black gold. The relationship of international politics and the global oil industry affects everyone but is understood by few. Taking a well-balanced and objective approach to deconstructing this intricate web for those unfamiliar with the industry, Falola and Genova introduce the major players in the field, offering cogent and up-to-date information about the countries, companies, organizations, and people who shape the contemporary history of oil. They break down the essentials, describing the discovery process, the different types of oil, and the various processes by which oil gets to the market. Then they provide a brief history of the major oil-producing countries, followed by a discussion of OPEC and international efforts to control the price and supply of oil. After setting the stage, they introduce the most salient political issues that are influenced by oil, namely environmental protection, human rights, and economic development. Finally, a look at each of seven major oil exporters-Iraq, Mexico, Nigeria, Norway, Russia, Saudi Arabia, and Venezuela-demonstrates that the black gold can be both a blessing and a curse for the countries that produce it. Despite the need to learn how to exploit alternative energy sources before the oil runs out, we will continue to be dependent on oil for the foreseeable future. Today's oil demands are not only generated by such obvious activities as gassing up our cars or powering our aircraft, but also from the ubiquitous technological gadgets that have infiltrated our daily lives. From computer monitors to CDs, from cell phones to the petroleum-generated materials used in our shoes and sweaters, our reliance on oil continues to grow. Because price and supply are highly dependent on political events in distant countries, it is essential for American consumers to understand the intricacies of this complex subject. Falola and Genova demystify the industry and invite us to investigate more deeply this vital resource.

There are few areas of economic policy-making in which the returns to good decisions are so higha "and the punishment of bad decisions so cruela "as in the management of natural resource wealth. Rich endowments of oil, gas and minerals have set some countries on courses of sustained and robust prosperity; but they have left others riddled with corruption and persistent poverty, with little of lasting value to show for squandered wealth. And amongst the most important of these decisions are those relating to the tax treatment of oil, gas and minerals.

This book will be of interest to Economics postgraduates and researchers working on resource issues, as well as professionals working on taxation of oil, gas and minerals/mining.

This book provides an overview of crude oil refining processes and presents a deep analysis of the current context and challenges imposed on players in the downstream industry. Crude Oil Refining: A Simplified Approach covers traditional processes of the refining industry, the impact of current trends, and technological routes available to help these players survive in a highly competitive environment. FEATURES Offers a simplified approach to crude oil refining processes Discusses economic information related to the downstream business, including refining margins and profitability Introduces newer trends in the industry, such as petrochemical integration, crude-to-chemicals refineries, and renewables coprocessing in crude oil refineries Presents the challenges related to these new trends and offers technological solutions to overcome them for profitable and sustainable operations Describes how the use of biofuels can minimize the environmental impact of transportation fuel in nations of high demand like Brazil Offering a contemporary view of current challenges and opportunities in the downstream oil and gas business, this practical book is aimed at readers working in the fields of petroleum and chemical engineering.

An impending energy crisis is looming globally, which has led to the use of effluents from paper mills for enhanced oil recovery (EOR), CO2 flooding and wastewater treatment by biosurfactants, and the current market demand for cost-competitive and environment-friendly alternatives to synthetic chemicals. This up-to-date book on petroleum technology provides a comprehensive review of the background and recent advances in the field of petroleum technology and highlights various facets of the fascinating world of upstream, midstream and downstream petroleum technologies. It comprises 25 chapters, each representing the progress, prospects and challenges in petroleum research, and focuses on the tremendous progress made by the scientific community in this research field. The book covers in detail EOR processes, reservoir engineering, production operation and optimisation, pipeline transportation and storage, CO2 capture and sequestration, wastewater management and innovative treatment, refining technologies, environmental chemistry, and biochemistry and biotechnology for the petroleum industry.

In Kazakhstan, the oil industry plays a crucial role in its economic and political life due to the country's considerable oil revenues and accompanying conflicting interests. As an arena of political struggle, this industry provides a good test case for uncovering regime maintenance techniques. This book examines the ways in which the post-Soviet Kazakh regime has managed to sustain itself in power, and the regime maintenance techniques it has used in the process of establishing and upholding its position. It scrutinizes the tools that the Kazakh regime employed in order to bring the country's oil industry under its control and, while doing so, shifts the emphasis from the prevalent zhuz-horde, tribe, and clan-based approaches to Kazakh politics towards corporatism and patron-client mechanisms of control.

Based on extensive field work in Kazakhstan and in-depth interviews with high ranking representatives of companies working in Kazakhstan's oil and gas industry, both local and foreign, the National Oil Company and its subsidiaries, government agencies, foreign diplomats, journalists and representatives of oppositional parties and NGOs, this book provides a comprehensive study of the issues of politics of oil and state-business relationships in Kazakhstan.

This book analyzes the expanding oil and gas activities in the Arctic from the perspective of Sustainable Development (SD) and Corporate Social Responsibility (CSR). The focus is on the territories of the Arctic rim where the current and future oil and gas activities in the Arctic are and will be located. The book raises a number of questions including how sustainable development has been framed in the Arctic and the interaction between indigenous peoples, governments and oil and gas companies. The book is divided into three parts. In the first part of the book, oil and gas are approached through the concepts of sustainable development (SD) and Corporate Social Responsibility (CSR) together with the challenge of climate change. The second part consists of case studies from Alaska, Canada, Norway and Russia where the discourses on oil and gas in the Arctic are explored and the final part of the book draws together the material from the country studies in a comparative manner.

The first volume in a new Springer Series on Shipping and Transport Logistics, Oil Transport Management provides a full historical account of the evolution of the oil transport industry since the 1800's. In this comprehensive guide, the authors investigate the industry and describe the shipping market and its structure, as well as forecasting, location plan and the transportation chain. They dedicate a separate chapter to each topic to cover various concepts, including:

an introduction to the tanker shipping market, including how the freight, new vessel building, second hand and demolition markets influence one another,

the economic structure and organization of the tanker industry in both the past and present, and

forecasting the need for oil-based sea transportation.

Further chapters present case studies and simulations to illustrate the importance of factory location decisions and the need for oil infrastructure investments. Chapter One also includes a regression equation to predict the fleet size in tanker shipping. Oil Transport Management is a key reference, which can be practically applied to wider global research and practices.

Ideal for both industry practitioners, and researchers and students of shipping studies, Oil Transport Management provides a concise yet comprehensive coverage of the oil transport industry's history and a guide for its future development.
"

What is the future of the oil and gas sector in Lebanon? Following the recent discovery of these valuable resources in the southern Mediterranean, including in the Cypriot and Israeli offshore reserves, the possibility of Lebanon also becoming a petroleum-producing country has been raised. This collection of essays addresses the major challenges and opportunities that accompany the country's hope to join the petroleum club. Covering the key policy issues - from Lebanon's susceptibility to the oil curse, to the environmental risks of production - this book brings together expert analysis to offer answers at the institutional level. Of central importance, the contributors argue, is that for Lebanon to benefit from the discovery of petroleum, it must first reform its institutions with the full support of the voting public and civil society. Combining rigorous quantitative and qualitative research, the Lebanese Center for Policy Studies has produced here an essential book that puts petroleum in Lebanon, and the important questions that come with it, within a global perspective.

Most energy analysts now predict an imminent global energy crisis. With the rapid industrialization of places like China and India world oil demand has soared while geo-political tensions and natural disasters have thrown supply questions to the fore. This book considers the turbulence in the oil industry as a process of industrial change. In a unique analysis of the issues, leading commentators and international specialists present a ground-breaking view of the future of the industry; one where corporations are considered to be the dependent variables, not the future production and demand for oil and gas. Particular attention is paid to 'mega-mergers', the on-going process of downsizing and outsourcing and the significance of such restructuring for the. A further feature of the work is the use made of recent theories of the firm, demonstrating how such theories can be used to analyse one of the world's most critical industries. The distinctive approach of this book will help extend readers' understanding of the oil industry beyond the more conventional studies of the industry.

Nigeria is Africa's largest oil producing country. Oil generates enormous wealth but also extensive and devastating conflict in the country. High Stakes and Stakeholders critically explores the oil conflict in Nigeria, its evolution, dynamics and most significantly, the interplay and consequences of high stake politics for the reproduction and persistence of the conflict. It presents a conceptual anatomy of state-oil industry-society relations and demonstrates how the embedded material interests and accumulation patterns of different stakeholders underlie, shape and complicate both the oil conflict and security. In addition, the book provides key insights into comparable conflicts elsewhere in the global south, developing a logical framework for resolving the oil conflict in Nigeria and for reforming the security sector. This book is valuable reading material for courses in international political economy, social ecology, development studies, African politics, conflict and security studies, and environmental law and management. It will also be of interest to policy practitioners, civil societies and the oil industry.

Taking the case of the Norwegian petroleum industry as its vantage point, the book discusses the question of industrial transformations in resource-based industries. The book presents new, empirically-based analyses of the development of the petroleum industry, with an emphasis on three ongoing transformation processes: Technological upgrading and innovation in upstream petroleum. Globalisation of the petroleum industry and suppliers' experiences of entering foreign markets. Diversification into and out of petroleum - and the potential for new growth paths after oil. Drawing together a range of key thinkers in this field, this volume addresses the ways in which the petroleum industry and its supply industry has changed since the turn of the millennium. It provides recommendations for the development of resource economies in general and petroleum economies in particular. This book will be of great interest to students and scholars of energy policy and economics, natural resource management, innovation studies and the politics of the oil and gas sector.

This book addresses the challenges facing stable democratic states in dealing with oil companies in order to secure general welfare gains. Political stability means that such states should be able to take a longer term perspective. The principal topic considered is petroleum industry regulation but the insights extend to other non-renewable natural resources. A particular issue addressed is the question of tax competition between producing countries. Within the context of company/government relations the book considers such current topics as the challenges of dealing with merged companies and the strategic choices facing tax authorities.

Iran-Saudi Arabia Relations and Regional Order studies relations between the Islamic Republic of Iran (IRI) and the Kingdom of Saudi Arabia, focusing in particular on the period since 1991. After a brief introductory section examining the record of relations between these two countries in the aftermath of the 1979 Iranian revolution, the authors examine four aspects of their current relationship: - the military balance and military threat perceptions - opposing views on questions of regional security - ideological competition on Islamic issues, and - economic differences, expressed through oil production and pricing policies. Each of these issues directly affects the security of both the Iranian and Saudi governments. Deterioration in one aspect has the capacity to exacerbate relations in the other three, increasing mistrust and injecting a sense of imminent crisis into many of the day-to-day issues that arise between Iran and Saudi Arabia.;The factors which tend to destabilise this relationship have been reinforced during the past seventeen years, so much so that any schemes for managing the security of this key strategic region through the co-operation of its principal states will remain extremely remote.

This book analyses the impact that stabilization clauses have on the development of human rights and gender laws in resource rich nations. Given the fact that stabilization clauses freeze the law for as long as the contract subsists there has been debate on the negative impact stabilization clauses have on the progressive development of human rights in the host State. Firstly, the book examines the mechanisms investors utilise in protecting themselves from host State prerogatives. It then explores the theoretical basis on which stabilization clauses are applied and upheld by arbitral tribunals, and assesses how they can be drafted in a way that protects human rights, particularly in relation to gender discrimination, without forcing the resource rich nations to lose momentum in attracting foreign direct investment. Using Zambia and the Gender Equity and Equality Act of 2015 as a case study, the book explores the compatibility of the legislation with the stabilization clauses contained in the country's Development Agreements. The book will be of interest to practitioners, scholars and students of international investment law, human rights law and contract law.

Originally published in 1972, this volume, supplemented extensively with maps and tables, and employing sophisticated institutional and empirical analyses, discusses a number of important issues relating to the viability of the Trans-Alaska Pipeline and the natural environment. The author concludes that exploiting North Slope oil was justifiable as a calculated risk, although an alternative route and transport mode to the Midwest of eastern market would be more attractive than TAP.

This book details some of the problems experienced in the Soviet petroleum industry and includes a discussion on the downward trend in petroleum production. It reviews a geological assessment of the offshore region and presents a discussion of activities in the Soviet offshore waters.

This book examines the role of corporate structure, including the role of corporate headquarters, in the success of large firms. It considers these issues in relation to large global corporations, thereby providing a 'benchmark', which is then used as a contrast in a discussion of corporate structure and the role of corporate headquarters within large Chinese firms, many of which have evolved from former government ministries. It includes a detailed case-study of firms in the crucially important oil and petro-chemical sector. Overall, the book shows what a hugely competitive battle China's emerging 'national champions' face with their global competitors, and puts forward policy implications both for large Chinese firms and for the Chinese government concerning how business systems should be reformed further still in order to construct globally competitive large industrial corporations.

Originally published in 1985. This book gives the views of both oil producers and oil consumers, detailing in a systematic manner the problems that they have encountered in the energy field and the solutions that they have devised to deal with them. The book makes clear that producers and consumers have common purpose in the conservation and judicious management of the dwindling and non-renewable world oil resources. It also makes clear that they share a consistent vision of the industry's future development. The contributions to the book explore a range of important themes in the development of the energy sector. The future of OPEC is discussed in the context of the state of the world oil market. Other chapters consider the lessons that have been drawn by the Arab Gulf oil producers and throughout the book there is comparison with the experience of Canada providing a number of important insights into the operation of the world oil industry.

What is the future of oil as a primary source of energy? This question assumes paramount importance not only for the oil industry but also for oil-dependent economies, especially those in the Arabian Gulf region. Concerns about the diminishing prospects of oil arise from multiple challenges threatening both supply and demand. On the supply side, the depletion of finite reserves and the ultimate physical exhaustibility of this natural resource are obvious factors. On the demand side, the increasing viability and the expanding use of alternative and renewable energy sources, fuelled by environmental concerns, are adversely affecting the position of oil. In view of these trends, is the world moving inexorably towards the end of the oil era? Will technological breakthroughs in the field of alternative fuels dramatically change the energy scenario? Will new energy substitutes undermine the supremacy of "black gold"? Will the economic demise of oil precede the physical exhaustion of reserves?;These and related questions were debated by a panel of energy experts at ECSSR's Sixth Annual Energy Conference entitled The Future of Oil as a Source of Energy, held from October 7-8, 2000 in Abu D

This new title presents key information on the oil industry world-wide, and will be of interest to anyone involved in or studying the politics of oil production, processing and selling.

Oil has long been at the forefront of political agendas, and with increased tensions in the Middle East, there has never been a greater need for up-to-date, reliable information on this key industry.

Includes:

* essays covering the main themes

* an A-Z glossary listing important terms

* detailed maps

* a statistics section.

The concept of 'good governance' is of increasing importance, and is used by international organizations to ensure reasonable conformity to high standards in states which participate in the global trading regime and other international activities. This book examines the concept of good governance and how it is applied in the states of the Gulf Co-operation Council. These states are particularly important because of their strategic location and massive oil wealth. Moreover, as monarchies, in most cases without powerful democratic representative bodies, and as Islamic countries, with a different outlook from countries of the West, Western standards of good governance may need to be modified in order for them to be implemented effectively.

eBook available with sample pages: 0203220838

Death, Men and Modernism argues that the figure of the dead man becomes a locus of attention and a symptom of crisis in British writing of the early to mid-Twentieth century. While Victorian writers used dying women to dramatise aesthetic, structural and historical concerns, Modernist novelists turned to the figure of the dying man to exemplify concerns about both masculinity and modernity. This book elaborates a nodal point which links death, masculinity and modernity years before the events of the first World War.

The remarkable story of one man's journey to leadership of the world's largest energy company, The Caravan Goes On is the first published inside account of the workings of the corporation by a CEO and represents a significant addition to the literature on the turbulent development of the world's oil industry. Frank Jungers, former President, Chairman and CEO of the petroleum giant Aramco, tells the inside story of his three decades in Saudi Arabia (1947-1978) with the world's largest oil producing company. A North Dakota farm boy Jungers rose to the top of one of the most important hydrocarbon enterprises ever, a company that eventually found itself responsible for nearly one-quarter of the world's oil resources. He writes of his face-to-face encounters with King Faisal and other Saudi leaders, and his role in steering the company through major international crises that included the 1973 Arab-Israeli war, the dramatic oil price increases of the 1970s, the Arab oil embargo and the OPEC hostage incident of 1975. Central to Jungers' story is his role in helping to develop Aramco's Saudi workforce in preparation for the eventual transfer of company ownership from four American oil majors to the Government of Saudi Arabia. He explains the unique nature of the ownership transfer, which was remarkably different from the bitter nationalization process seen in Iraq, Libya, Iran and Venezuela. Jungers describes how Aramco and the Kingdom of Saudi Arabia in an important sense grew up together, and he highlights the crucial role played by Aramco in the development of the young nation's infrastructure and economy. The Caravan Goes On describes the origins of the petroleum industry in Saudi Arabia, with the granting of a concession in 1933 to a subsidiary of Standard Oil of California, the first of Aramco's four oil-company parents. Jungers talks of his own origins as the son of farmer in North Dakota, the family's migration westward due to drought and depression, and his engineering studies at the University of Washington. Jungers began his career in Saudi Arabia working at Ras Tanura, site of Aramco's first oil refinery and oil tanker terminal. He describes how Aramco built its initial workforce, consisting of Americans, Italians, Saudis and other nationalities; he explains how it soon became clear that the future of the Saudi oil industry belonged not with foreign oil interest but to the people of Saudi Arabia; and he relates how he and others worked to give Saudis the training and incentives needed to take over and successfully operate what would become the world's premier oil producing and exporting company. At the same time, Aramco, with its technological expertise and its access to international specialists, began playing a central role in the development of the Kingdom of Saudi Arabia. The company, with support and encouragement of the Saudi Kings, took a lead role in building healthcare, agriculture, the railroads, the electric grid and other sectors of the Saudi economy. The story of the "King Faisal Era" (including the monarch's role in the oil price issue, the Arab oil embargo and his closed-door meetings with the King and his key advisers, including Oil Minister Shaikh Ahmed Zaki Yamani) are vividly described, as well as the shock of King Faisal's tragic death and the tense moments of the OPEC hostage incident that began in Vienna and ended in North Africa. Jungers speaks of his involvement in launching Saudi Arabia's Master Gas System, now a central part of the national economy and his pivotal role in the consolidation of Saudi Arabia's electrical power grid in the Eastern Province. When he returned to Saudi Arabia in 2008 to attend the celebrations of the company's 75th anniversary he fully realized the success of the Aramco venture - how it had indeed prepared large numbers of Saudis for the responsibilities of leading their country's oil industry into a new and exciting economic era. This personal, colorful and up-close view is required reading for oil-industry watchers as well as those interested in big business, geopolitics, America's role in the Middle East and the extraordinary transformation and emergence of modern Saudi Arabia since oil was discovered in its Eastern Province.

First Published in 2002. Oil is of strategic significance. The bulk of the earth's known oil reserves, more than 70 percent, is concentrated in the Persian Gulf area. And although alternative energy sources have been vigorously pursued, the United States continues, since 1970, to import from the Persian Gulf 24 percent of needed oil for her own consumption. Since this study was completed thirty years ago there have been several major events related to the control of the flow of Gulf oil. This work narrates the history of the world's power struggle over the control of oil in the Persian Gulf from the time of the signing of the earliest oil concessions in 1901 until 1971.