Middle East Oil: A Redistribution of Values Arising from the Oil Industry
University Press of America, 1991 - Technology & Engineering - 329 pages
Examines how the Middle East oil industry has influenced the course of events in the Middle East and how it has provided a substantial basis for the process of economic and social growth. The author concludes by assessing the current situation and making recommendations for effective socio-economic policies for the future. Contents: The Problems in Context: Process of Control; Process of Claims; Process of Decision; Clarification of World Community Policies: Introductory Perspective; Inclusive Interests; Exclusive Interests; Concluding Remarks; Trends in Decision: The System of Concessions and the Maintenance of the Status Quo; The System of Concessions and the Principle of State Participation in Oil Exploitation Processes; The System of Concessions and the Doctrine of Rebus Sic Stantibus; The System of Concessions and the Principle of State Ownership of Oil Resources; General Appraisal and Recommendations.
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Process of Claims
PART H CLARIFICATION OF WORLD COMMUNITY POLICIES
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AGIP Anglo-Iranian Oil Company Arab League Arab Petroleum Aramco Award Aramco Concession arbitration tribunal areas Article Assembly claim conces concession agreements Concession Contracts concessionaires contract crude oil decision decision-making dispute draft resolution economic sovereignty effective ERAP established exclusive right exercise exploitation and development export formula of joint Government granted grantor countries Hanbali hereafter cited interests international law Iran Iraq Iraqi Petroleum Company joint venture Kuwait Lapco marketing MEES member countries Middle East Middle Eastern oil Moreover nation-states National Oil Company natural resources natural wealth note 3 supra OAPEC oil agreements oil concessions oil enterprises oil industry oil operations oil produced oil resources Onassis OPEC Operative Paragraph pacta sunt servanda participation parties percent Permanent Sovereignty principle production profits right of economic royalties Saudi Arabia sovereignty over natural system of concessions tankers territorial tion United Nations wealth and resources Yale Law School