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THE EVOLUTION OF THE PETROLEUM
THE ERA OF PROFIT SHARING
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Abu Dhabi activities adopted agreement Algeria applied Arab barrels per day basis concerning concession concessionaire companies Conference constitute consuming countries cooperation creation crude oil crude oil prices developing countries discounts economic effect ensure envisaged ERAP established exploitation exploration favor foreign freight Gulf of Mexico host countries important income tax increase Indonesia interests international organizations Iran Iranian Oil Iraq Iraq Petroleum Company juridical personality Kuwait Libya major companies major oil companies ment Middle East Middle Eastern million tons national companies negotiations NIOC O.P.E.C. member countries obligations oil income oil industry oil production oil revenues operations participation percent Persian Gulf Petroleum Company petroleum industry petroleum policy posted prices price of crude principles producing countries profits Qatar reference prices regime region relations respect result revision Royal Dutch Shell royalty Saudi Arabia Secretariat Secretary settlement square kilometers Statutes supply tion United Nations Venezuela