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Abdullah Tariki agreement American oil amount Arab areas argue bargaining barrels a day black oils British capacity capital cent coal commercial competition concessionnaires concessions consumer governments consumption cost crude oil demand discounts drilling Eastern hemisphere economic economic rent energy European exploration exports foreign fuel oil gasoline growth Gulf host governments imports increase integrated companies interests international oil investment Iran Iraq Kuwait less Libya major companies ment Middle East Middle East oil million barrels million tons Moreover national companies natural gas offer offtake oil business oil companies oil industry oil market oil prices oil production oilfields oilmen OPEC operations output panies partner pattern petroleum pipeline political posted prices profits proration refineries revenue per barrel Royal Dutch/Shell royalty Russian Saudi Arabia sell Shaikh Abdullah share shareholders Soviet suppliers supplies surplus tanker tion trade transport United Venezuela Western Europe world market world oil