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Royalty Expensing — Defence and Improvement of Unit Revenues in a Soft Market

In: Opec

Author

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  • Ian Seymour

Abstract

After the elan of the Baghdad Conference, OPEC’s next two years were spent largely on consolidation: setting up a permanent Secretariat in Geneva with Fuad Rouhani of Iran as the Organization’s first Secretary General; and commissioning studies, mainly on the financial aspects of integrated oil operations on an international scale, to provide the data back-up for future plans of action. But the main debate revolved around the general line of approach to be taken in the battle to stabilize and improve prices and the governments’ unit revenue from oil.

Suggested Citation

  • Ian Seymour, 1980. "Royalty Expensing — Defence and Improvement of Unit Revenues in a Soft Market," Palgrave Macmillan Books, in: Opec, chapter 0, pages 39-54, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-05794-8_3
    DOI: 10.1007/978-1-349-05794-8_3
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