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OPEC, the Gulf, and the World Petroleum Market (Routledge Revivals) - A Study in Government Policy and Downstream Operations (Paperback)
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OPEC, the Gulf, and the World Petroleum Market (Routledge Revivals) - A Study in Government Policy and Downstream Operations (Paperback)
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First published in 1983, this book provides a detailed look at the
OPEC nations' changing roles in the world oil market as they
expanded their participation in "downstream" activities such as the
hydrocarbon industries formerly controlled by the major oil
companies. The authors begin with a detailed survey of world oil
resources and an overview of the production capabilities and
polices of major oil exporters. They then examine the contemporary
refinery overcapacity crisis in the developed world, outline the
refinery construction plans of the OPEC nations and the refinery
scrapping problems in the industrialised world, and employ
simulation tools to estimate the future output mix of refineries in
key OPEC nations. A discussion of the comparative economics of
refineries in the Gulf and in Europe in also included. Turning to
the tanker industry, the authors project future oil export patterns
and tanker demand in light of changing import/export need and
OPEC's participation in oil and refined products transport.
Subsequent chapters describe OPEC's ventures into petrochemical
manufacturing and natural gas processing. The book concludes with a
chapter on the future of OPEC, examining its changing power
structure, the influence of non-OPEC oil production, possible
future oil-pricing policies, and the opportunities and constraints
that OPEC nations will meet as they expand their operations in the
downstream oil industry. This book will be of interest to students
of economics and Middle East and international politics.
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