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Control of Management and Operations

In: Opec

Author

Listed:
  • Ian Seymour

Abstract

The desire of host governments for equity participation with the concessionaire companies in the oil producing ventures goes back a long way before the foundation of OPEC. But this was a demand that the major oil companies always resisted with all the power and guile at their command, sensing no doubt that such a development would strike at the very roots of their control over the supply arteries of the world oil industry. In the end, it required a collective impetus on the part of OPEC to unblock the path towards participation and the takeover by the host governments of control over crude oil production operations.

Suggested Citation

  • Ian Seymour, 1980. "Control of Management and Operations," Palgrave Macmillan Books, in: Opec, chapter 0, pages 216-235, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-05794-8_10
    DOI: 10.1007/978-1-349-05794-8_10
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