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Books > Social sciences > Politics & government > Political science & theory
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OPEC and the International Oil Industry - A changing structure (Paperback, 1981 ed.)
Loot Price: R1,494
Discovery Miles 14 940
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OPEC and the International Oil Industry - A changing structure (Paperback, 1981 ed.)
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The origin of this significant and timely book was a lecture on the
structural changes in the international oll industry prepared by
Dr. AI-Chalabi for the OAPEC annual course on the Fundamentals o[
Oil and Gas. It was given in Arabic in February 1978 when the
author was Assistant Secretary General of OAPEC. The author has
succeeded in ex panding and updating the basic aspects of the
subject. He has managed, in this relatively short book, to survey
and analyse the main structural changes in the inter national oll
industry during the last 35 years, with special emphasis on the
revolutionary changes of the 1970s. The book clearly demonstrates
the significance of these changes in terms of their impact on the
power of control and decisions concerning the ownership of oil
resources, their marketing outlets and price policy. It explains
how the concession system and the various consortia arrangements
among the transnational oil companies gave them max imum freedom
and flexibility in the control and manage ment of emde oil
production and pricing. Their vertical and horizontal integration
enabled them to control and manage upstream and downstream
operations on a global basis and with the effectiveness of a
powerful international Cartel.
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