Oil and Arab Regional Development.

by Bloomsbury Academic

Overview

This book deals with the two aspects of the oil industry, the Arab oil industry as a unit, and its future.

Product Details

ISBN-13:	9780313205002
Publisher:	Bloomsbury Academic
Publication date:	10/17/1978
Series:	Praeger Studies in International Economics Series
Edition description:	Revised ed.
Pages:	382
Product dimensions:	6.00(w) x 9.00(h) x 0.88(d)

Table of Contents

CONTENTSPREFACEvii
ACKNOWLEDGMENTSix
LIST OF TABLES AND MAPSxv
ABBREVIATIONSxvii 1
INTRODUCTION1The Significance of the Study 3
The Arab Oil Industry: A Historical Background 9
The Approach 16
Notes to Chapter 117PART I:THE GENERAL SETTING2THE ECONOMIC IMPACT OF THE ARAB OIL INDUSTRY25Historical Background 25
Organization and Control 26
The Oil Companies 26
The Concessionary Agreements 27
The National Oil Companies: A New Trend 32
Investment in Oil Industry 33
Investment in Producing Activities 33
Investment in Refining Activities 36
Investment in Transportation Facilities 37
Investment in Marketing Facilities 42
xi
The Profitability of Oil Investment 42
Payments to Governments 45
Payments to Oil-Producing Countries 45
Payments to Oil-Transit Countries 54
Payments for Oil-Refining Activities 56
Future Limitation of Oil Revenues 56
Oil-Production Revenues 57
Transit Oil Revenues 60
Saudi Arabian Government-Aramco Arbitration of 1958: A Case Study in Retreatism 62
Notes to Chapter 2673THE SOCIAL IMPACT OF THE ARAB OIL INDUSTRY81Oil Industry and the Dynamics of Social Change: A Background 81
Oil Industry and Its Labor Force 83
Recruitment 83
Training 88
Labor Mobility 92
Work, Wages, and Social Benefits 94
Oil Revenues and the Arab Societies 96
Social Change at the Regional Level 97
Social Change at the Local Environmental Level 100
The Effect of Social Change on Individuals 105
Notes to Chapter 31094THE PHYSICAL IMPACT OF THE ARAB OIL INDUSTRY115Historical Background 115
Oil Frontier Communities 117
Pumping Station Communities 117
Oil-Gathering Communities: Abqaiq (Saudi Arabia) —A Case Study 120
Sea Terminal Communities: Marsa el Brega (Libya) —A Case Study 122
Headquarter Communities: Ahmadi (Kuwait) —A Case Study 128
Company ’s Home Ownership Scheme (HOS)134Oil Revenue and Conspicuous Construction in the Capital City —The Case of Kuwait City: A Critique 138
xii
Patterns of Development 138
Housing and Community Planning 139
Kuwait City: A Saturated Housing Market? 143Notes to Chapter 4148PART II:THE MODEL5PARTICIPATION IN OIL INDUSTRY: A WAY FOR INTEGRATION159Negotiation 160
Negotiation on the Individual Level 160
Negotiation on the Collective Level: The Case of OPEC.162Nationalization 171
Sharing-in-Kind 177
Higher Bidding: A Way to Innovation 180
The Rules of the Game 181
The Levels of the Game 183
The Outcome of the Game: Less Production Versus More Production 187
Market Analysis for Arab Oil 190
The Western European Market 191
The Western Hemisphere Market 193
The East of Suez Market 193
The Western Africa Market 193
Notes to Chapter 51956THE ARAB OIL COMMUNITY 205
Regionalism in the Arab World 206
The Middle East Supply Center 206
The League of Arab States 207
Emile Bustani Project 208
Ashraf Lutfi Plan 209
The Kuwait Fund for Arab Economic Development (KFAED) 211
Individual Self-interest in the Oil Community 212
Regional Adaptation for the Proposed Arab Oil Facilities 216
Location Analysis for Oil Pipelines 217
Location Analysis for Refining Facilities 224
xiii
Arab Oil Tankers 229
Marketing the Community Oil 230
The Arab Oil Community in Perspective 234
Capital Formation 234
The Stages of the Plan 237
The Community ’s Institutions 238
The New Labor Force 241
Notes to Chapter 62457THE ARAB COMMON MARKET252The Arab Common Market: A Way Toward Conformity 253
Motives for Integration Among the Arab Oil-Producing Countries 254
Motives for Integration Among the Arab Non-Oil-Producing Countries 255
The Concept and Forms of Economic Integration 256
The Advantages of a Common Market 258
An Arab Common Market: A Model 261
The Structure of the Market 262
Convertibility and Payment Settlements 267
Implementation 271
Allocation Criteria 276
Evaluation 277
Conclusion 281
Notes to Chapter 7 284 APPENDIXES
A Statistical Appendix 295
B THE ARAB OIL COMMUNITY: A QUESTIONNAIRE 305
C THE ORGANIZATION OF THE PETROLEUM-EXPORTING COUNTRIES 309
D THE RECOMMENDATIONS OF THE SIXTH ARAB OIL CONGRESS ON MARCH 13, 1967 327
BIBLIOGRAPHY 333
INDEX 351
ABOUT THE AUTHOR 359 xiv