For many years, vertical integration characterized the international oil industry, with the same company controlling the entire process from crude exploration and production to the retailing. This structure was radically transformed in the 1970s and this book, originally published in 1984, examines whether the dis-integration which resulted was a long-term trend or a temporary phase. It examines the attitude of the major international oil companies, discusses the policies adopted by oil producing and oil importing countries, and the limits of ‘government to government’ deals underlined. The political and strategic implications of re-integration are explored, and relations between oil exporters and importers, and between the USA, Europe and the Arab world discussed.

The Oil Companies and the Arab World

Luciani, Giacomo

Business & Money

PALGRAVE~MACMILLAN

The Oil Companies and the Arab World (Routledge Library Editions: The Economics and Politics of Oil and Gas)

Economics

Routledge

<p>The Gulf countries have adopted a unique combination of policies to encourage diversification with largely positive results, while there are significant distinctions between the individual cases. This work evaluates various examples to show the extent to which the Gulf economies have diversifed to date, and how results can be measured, taking into consideration factors such as composition of GDP or exports; government services; and the categorization of industrial activities downstream of resources extraction (oil refining, petrochemicals) and their availability (aluminium, phosphates, iron, steel, glass and other energy- and resource-intensive industries). This work brings together state-of-the-art analysis by international scholars who participated in a major joint initiative by the EU and the GCC, the al-Jisr Gulf-Europe Research Program.</p>

Resources Blessed: Diversification and the Gulf Development Model

Gerlach Press

Climate change requires coordinated global responses. All nations, including major Gulf Arab oil producers, should implement policies to contain greenhouse gas (GHG) emissions. Yet all realistic scenarios point to the continuing global need for fossil fuels. The countries of the Gulf Cooperation Council (GCC) thus face a dilemma between continuing development and use of their fossil fuel endowments and increasing reliance on low carbon sources, such as nuclear, solar or wind. This book explores various facets of the dilemma.

Political Economy of Energy Reform: the Clean Energy-Fossil Fuel Balance in the Gulf

Oil has always been identified as a 'strategic' commodity, attracting the interest of governments. This interest has frequently been articulated in terms of 'control' or 'security of supply' - terms whose exact meaning is seldom clearly defined. Increased dependence on oil from the Gulf - today sometimes dubbed an 'addiction' - has accentuated the security profile of oil. The possibility of an interruption of oil supplies has potentially catastrophic consequences for the industrial countries. However, the international oil market has always proven to be resilient and efficient in redistributing flows of available oil to satisfy demand. Oil has very much behaved as a transparently traded commodity, which any party can get for the going price. This book examines the potential threats to the security of oil supplies: resource nationalism, political instability, international and domestic armed conflict, and terrorism or insurgency. It also looks at the maritime choke points, such as the Strait of Hormuz. Through detailed analysis of historical experience, it is shown that the international oil industry has shown much greater resilience and flexibility than is normally acknowledged. The use and impact of strategic stocks as a tool to face potential crises is discussed, and the ambiguous boundary between strategic and intervention stocks is explored. The tendency of the international oil market in its current configuration to exaggerate price fluctuations is shown to be a main component of the perception of insecurity that is associated with oil supplies. Potential policy initiatives to correct or limit such 'market insecurity' are proposed. (Series: European Energy Studies - Vol. 4)

European Energy Studies Volume IV: Security of Oil Supplies: Issues and Remedies (European Energy Studies series, 4)

Industries

Edward Elgar Publishing

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Books by Luciani, Giacomo

See the best price to sell, buy, or rent books by Luciani, Giacomo. BookScouter helps to compare book prices from 25+ online bookstores and 30+ buyback vendors with a single search.

The Oil Companies and the Arab World

The Oil Companies and the Arab World (Routledge Library Editions: The Economics and Politics of Oil and Gas)

The Oil Companies and the Arab World (Routledge Library Editions: The Economics and Politics of Oil and Gas)

Resources Blessed: Diversification and the Gulf Development Model

Political Economy of Energy Reform: the Clean Energy-Fossil Fuel Balance in the Gulf

European Energy Studies Volume IV: Security of Oil Supplies: Issues and Remedies (European Energy Studies series, 4)