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Arab Oil Policies in the 1970s (RLE Economy of Middle East)

Arab Oil Policies in the 1970s (RLE Economy of Middle East)
Author: Yusuf A. Sayigh
Publisher: Routledge
Total Pages: 229
Release: 2015-05-15
Genre: Social Science
ISBN: 1317593871

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Until 1973 few people, either in the advanced, industrial countries or in the developing countries of the Third World, thought seriously on the issues and complexities involved in the production and marketing of the oil on which they relied. It was only with the sudden steep increases in oil prices that the oil industry became a matter of general discussion, and the Organisation of Petroleum Exporting Countries (OPEC) became a front page topic for analysis and comment. However, real understanding of the organisation and its policies did not accompany this rush of interest and much confusion has followed. In particular, the Arab exporters have received the weight of the criticism although they have only a share in the market and not a monopoly. This book attempts to instil a greater mutual understanding between oil exporters and importers, although it is not a wholesale endorsement of Arab policies, by outlining the major policy areas in this field. It looks at new policy options and their implications in exploration, marketing and pricing and at downstream operations such as the petrochemical and gas industries. In conclusion, this study identifies the wide-ranging opportunities that the new oil policies have opened up for the Arab countries, in the national, regional and international context, and assesses and clarifies the responsibilities which accompany this success. First published in 1983.


Arab Oil Policies in the 1970s

Arab Oil Policies in the 1970s
Author: Yusuf A. Sayigh
Publisher:
Total Pages: 286
Release: 2016-11
Genre:
ISBN: 9781138820074

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Until 1973 few people, either in the advanced, industrial countries or in the developing countries of the Third World, thought seriously on the issues and complexities involved in the production and marketing of the oil on which they relied. It was only with the sudden steep increases in oil prices that the oil industry became a matter of general discussion, and the Organisation of Petroleum Exporting Countries (OPEC) became a front page topic for analysis and comment. However, real understanding of the organisation and its policies did not accompany this rush of interest and much confusion has followed. In particular, the Arab exporters have received the weight of the criticism although they have only a share in the market and not a monopoly. This book attempts to instil a greater mutual understanding between oil exporters and importers, although it is not a wholesale endorsement of Arab policies, by outlining the major policy areas in this field. It looks at new policy options and their implications in exploration, marketing and pricing and at downstream operations such as the petrochemical and gas industries. In conclusion, this study identifies the wide-ranging opportunities that the new oil policies have opened up for the Arab countries, in the national, regional and international context, and assesses and clarifies the responsibilities which accompany this success. First published in 1983.


Oil, Industrialization & Development in the Arab Gulf States (RLE Economy of Middle East)

Oil, Industrialization & Development in the Arab Gulf States (RLE Economy of Middle East)
Author: Atif Kubursi
Publisher: Routledge
Total Pages: 159
Release: 2015-05-15
Genre: Social Science
ISBN: 1317592956

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Were oil supplies everlasting and the demand for oil strong and continuous, economic diversification in the Gulf would be pointless. However oil reserves are finite and non-renewable and the world demand for oil from the Gulf region is simply not stable. Collectively the countries of the Gulf face the striking prospect that unless priorities and plans are set with care the gestation period of their economic development may be longer than the expected life of their hydrocarbon resources. This book examines just that threat. It considers the opportunities available to the Gulf states for accumulating sufficient productive capital in the non-oil sectors of their economy to offset the drawing down of oil reserves. The book pays particular attention to the possibilities of development through cooperation not only within the Gulf Cooperation Council but also within the larger Arab region and the Third World as a whole. It concludes with a critical review of the main challenges that these economies are facing and are likely to face in the near future with special emphasis on their major problems and failures. First published in 1984.


Arab oil policies in the 1970s

Arab oil policies in the 1970s
Author: Yūsuf ʿAbdallāh Ṣāyiġ
Publisher:
Total Pages:
Release: 2015
Genre:
ISBN:

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The Middle East Oil Decade and Beyond

The Middle East Oil Decade and Beyond
Author: Gad G. Gilbar
Publisher: Psychology Press
Total Pages: 152
Release: 1997
Genre: Business & Economics
ISBN: 9780714647340

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The sudden, huge price hikes in Middle Eastern oil in late 1973 yielded, almost overnight, an enormous flow of resources to states and societies that could not have anticipated such instant affluence. With this came unprecedented political power because of the control the oil states were able to maintain over oil production and prices until the second half of 1982. Thus, though covering barely nine years, the period may appropriately be dubbed the "Oil Decade". In this study of fundamental aspects of the oil decade, Gad G. Gilbar first examines the influence the production, export and revenues of oil exerted on domestic, regional and international relations. This is followed by an in-depth analysis of the expansion of higher education, no doubt the single most significant social change the oil decade engendered. Throughout the Arab world many new universities began opening their doors to an ever-increasing number of students, especially in the sciences and civil engineering. Significant also was the proportion of women students enrolling. Finally, the author traces how, as of the early 1970s, the official Arab boycott on goods manufactured in Israel was increasingly being circumvented, and a wide range of agricultural and industrial products were beginning to find their way to customers in Arab states.


Arab Oil Policies in the 1970s

Arab Oil Policies in the 1970s
Author: Yūsuf ʻAbd Allāh Ṣāʼigh
Publisher:
Total Pages: 271
Release: 1983
Genre: Business & Economics
ISBN: 9780801830358

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The Economic Development of the United Arab Emirates (RLE Economy of Middle East)

The Economic Development of the United Arab Emirates (RLE Economy of Middle East)
Author: Ragaei el Mallakh
Publisher: Routledge
Total Pages: 181
Release: 2014-10-30
Genre: Social Science
ISBN: 1317598199

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Since the early 1970s the oil producing countries of the Gulf have become a focus of intense interest worldwide. Most of this interest has centred on the oil giants, Saudi Arabia, Iran, even Iraq and Kuwait. Yet the United Arab Emirates is also among the largest producers, on a par with Kuwait, Nigeria and Libya, with reserves greater than the USA. Given its high economic growth rate, the UAE is an excellent laboratory in which to test and evaluate policies and programmes to effect rapid economic development. The international stature of the UAE far exceeds what its physical size, population and breadth of resources would seem to indicate. As a member of OPEC, the UAE has played a vital role within that body’s ‘price moderates’. With one of the world’s highest per capita incomes and with ambitious development efforts under way, the UAE, not surprisingly, has become a major market for capital and consumer goods, involving substantial foreign services, banking, business and industry. Based on more than a decade of study, on-site research and interviews with key figures, this book – which mixes the practical with the academic approach – will prove of great value to Middle Eastern and development specialists, students and to the international business and financial communities. First published in 1981.


Arab Oil Policies in the 1970s

Arab Oil Policies in the 1970s
Author: Yusif A. Sayigh
Publisher:
Total Pages: 285
Release: 1983-01-01
Genre:
ISBN: 9780608040165

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Saudi Arabia: Rush to Development

Saudi Arabia: Rush to Development
Author: Ragaei al Mallakh
Publisher: Routledge
Total Pages: 483
Release: 2015-05-15
Genre: Social Science
ISBN: 1317592050

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Saudi Arabia is one of the most controversial and least known of the Arab nations. A land of massive contrasts – between its densely populated cities and its vast expanses of desert; between the recent poverty of its villages and the massive wealth created by oil, which is drawing a labour force from most of the neighbouring countries; between the aggressive technocratic and industrial thrust forward and the strongly traditionalist Islamic basis of the ruling ideologies – it has progressed to world prominence in a matter of years after centuries of little or no change. The change is not so much a surge, or even a thrust, as a rush into the industrialized and wealthy world. This book analyzes the problems and achievements of Saudi development and provides the first detailed critique of the Third Development Plan. First published in 1982.


Oil and the political economy in the Middle East

Oil and the political economy in the Middle East
Author: Martin Beck
Publisher: Manchester University Press
Total Pages: 204
Release: 2021-08-17
Genre: Political Science
ISBN: 1526149087

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The downhill slide in the global price of crude oil, which started mid-2014, had major repercussions across the Middle East for net oil exporters, as well as importers closely connected to the oil-producing countries from the Gulf. Following the Arab uprisings of 2010 and 2011, the oil price decline represented a second major shock for the region in the early twenty-first century – one that has continued to impose constraints, but also provided opportunities. Offering the first comprehensive analysis of the Middle Eastern political economy in response to the 2014 oil price decline, this book connects oil market dynamics with an understanding of socio-political changes. Inspired by rentierism, the contributors present original studies on Bahrain, Egypt, Jordan, Kuwait, Lebanon, Oman, Qatar, Saudi Arabia, and the United Arab Emirates. The studies reveal a large diversity of country-specific policy adjustment strategies: from the migrant workers in the Arab Gulf, who lost out in the post-2014 period but were incapable of repelling burdensome adjustment policies, to Egypt, Jordan, and Lebanon, who have never been able to fulfil the expectation that they could benefit from the 2014 oil price decline. With timely contributions on the COVID-19-induced oil price crash in 2020, this collection signifies that rentierism still prevails with regard to both empirical dynamics in the Middle East and academic discussions on its political economy.