British Petroleum and Global Oil 1950-1975: The Challenge of Nationalism

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Cambridge University Press, Aug 31, 2000 - Business & Economics - 637 pages
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Dramatic narrative, arresting analysis and original research are combined in this book, which addresses the history of one of the world's biggest oil businesses between 1950 and 1975. Assessing BP's comparative performance, the book focuses on how BP responded politically, economically and culturally to the rise of new competitors, the decline of Britain's imperial power, and the determination of nation states to assert national sovereignty over the vital commodity, oil. Climaxing with the OPEC crisis which shook the world in the 1970s, the book - authorised by BP with uniquely unrestricted access to its records - is of wide interest and relevance, especially for those interested in big business, globalisation and nationalism, international affairs, OPEC, the Middle East, and oil. --Publisher description.
 

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Contents

The structure and sinews of the Company
13
THE EXPANSION OF NONIRANIAN SUPPLIES
20
HOLDING ON TO MARKETS
30
STAFF AND ORGANISATION
31
FINANCE
36
STRATEGY
45
Management and culture
48
THE MANAGERIAL HIERARCHY
58
THE FAR EAST
267
ENTRY INTO AMERICA
271
Refining and shipping
279
SHIPPING
290
Financial strains
299
The managerial hierarchy
316
HUMAN RESOURCES AND ORGANISATION
324
DIVERSIFICATIONS
337

MANAGEMENT CULTURE
68
The Suez crisis
75
PRECAUTIONARY PLANNING
77
THE ANGLOAMERICAN SCHISM
82
THE OIL LIFT
92
The energetic search for new sources of crude oil
100
THE DECISION TO DIVERSIFY OIL SOURCES
105
NIGERIA
109
LIBYA
113
SOUTH AMERICA AND THE CARIBBEAN
119
CANADA
125
Finance and the British government
130
UNDER PRESSURE FROM THE PRODUCERS
141
The advent of OPEC
143
THE FORMATION OF OPEC
147
ROYALTY EXPENSING AND OPECS WEAK LINK
151
The political balancing act
162
THE IPC AND IRAQ
163
THE PIVOTAL ROLE OF IRAN
171
The Holy Grail of exploration
185
BRITAIN AND THE NORTH SEA
195
A SECONDCLASS POWER
203
The push for outlets
216
OUR MARKETING POLICY HAS BEEN OUR CONCESSIONS POLICY
217
EUROPEAN MARKETS
226
THE UK
229
FRANCE
240
WEST GERMANY
243
ITALY
248
And more outlets
252
INDIA AND PAKISTAN
256
THE CONSOLIDATED AREA
260
Alliances in petrochemicals
339
NEGOTIATIONS WITH ICI
344
THE PARTNERSHIP WITH DISTILLERS
348
GROWTH THROUGH JOINT VENTURES
350
THE LURE OF INTEGRATION
370
Integration in petrochemicals
374
THE BPDISTILLERS MERGER
379
RATIONALISATION
386
Computing
394
THE RISE OF OPERATIONAL RESEARCH
399
THE DEMISE OF OPERATIONAL RESEARCH
416
Nutrition
424
RESEARCH AND DEVELOPMENT
425
DEMONSTRATION UNITS
431
LARGESCALE COMMERCIALISATION
434
DEMISE OF BP PROTEINS
438
BIRTH OF BP NUTRITION
443
OPEC TAKES CONTROL
445
An avalanche of escalating demands
447
OIL THE ACHILLES HEEL OF THE WEST
448
THE LIBYAN BREAKTHROUGH
450
THE TEHRAN AGREEMENT
455
LIBYA AGAIN
462
The end of an era
467
THE YOM KIPPUR WAR
474
THE OIL CRISIS
479
Retrospect and conclusion
490
Notes to the text
500
Notes to the tables graphs and diagrams
596
Select bibliography
602
Index
616
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