Investment strategy of middle eastern OPEC countries (MEOPEC)
This dissertation examines investment strategies of Middle Eastern OPEC countries. To study investment strategy of MEOPEC, a theoretical structure of OPEC price and production strategy and the role that financial consideration will play in their decisions is presented. By taking the future price of crude oil as a random variable, several investment strategies available to MEOPEC are examined. Furthermore, a model that determines an optimal portfolio based on risk-return criteria is presented. Finally, a general model is constructed for maximizing the wealth of OPEC countries over a period of time. Results of the study indicated that OPEC countries can increase the price of crude oil to $46.84 (in 1980 dollars) until 1985 and, thereafter, they have to reduce the price level to $36.38 in order to provide the needed revenue for their economic development.
- OSTI ID:
- 6774513
- Country of Publication:
- United States
- Language:
- English
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Related Subjects
020700 -- Petroleum-- Economics
Industrial
& Business Aspects
29 ENERGY PLANNING, POLICY, AND ECONOMY
290200 -- Energy Planning & Policy-- Economics & Sociology
294002* -- Energy Planning & Policy-- Petroleum
ECONOMIC ANALYSIS
ECONOMIC POLICY
ECONOMICS
GOVERNMENT POLICIES
INTERNATIONAL ORGANIZATIONS
INVESTMENT
MIDDLE EAST
OAPEC
OIL-EXPORTING COUNTRIES
OPEC