Petroleum industry in oil-importing developing countries

Book · Sat Jan 01 04:00:00 EST 1983

OSTI ID:6791206

Ghadar, F

In studying the development and growth of the petroleum industry in oil-importing developing countries (OIDCs), three such countries - Argentina, India, and Korea - were selected as a diverse yet representative sample and were examined using an intensive case-study method. The data indicate that the evolution of the oil industry in these nations has encountered both difficulties and opportunities, with several underlying concerns conflicting with one another. Development of the petroleum industry in these countries necessitated a continuously shifting balance of requirements. Concurrent with this development was the erosion of concentration within the worldwide petroleum industry, once controlled by the multinational oil companies (MNOCs). This erosion made it possible for the developing oil-consuming nations to play a larger role in their local petroleum industries. An analysis of ten oil-importing developing countries showed that the first operations taken over by these countries were operations that allowed the nations flexibility in varying crude sources (that is, refineries). As the MNOCs have lost access to their cheap Middle East crude, the disincentive to develop OIDC sources is dissipating. To date, however, oil exploration in the OIDCs has decreased. The exploration and development of this crude will depend on the capital and technology available to the OIDCs. At present, the MNOCs remain the most-efficient entities to offer these resources. This book reviews the role of the international financial institutions (IFIs) - such as the World Bank and the OPEC and Arab Funds - with particular attention to IFI involvement as a catalyst, encouraging the MNOCs to participate in OIDC oil operations.

• OSTI ID: 6791206
• Country of Publication: United States
• Language: English

Related Subjects

02 PETROLEUM
020700 -- Petroleum-- Economics
Industrial
& Business Aspects
29 ENERGY PLANNING, POLICY, AND ECONOMY
294002* -- Energy Planning & Policy-- Petroleum
ARGENTINA
ASIA
COOPERATION
DEVELOPING COUNTRIES
FINANCING
INDIA
INDUSTRY
INTERNATIONAL COOPERATION
JOINT VENTURES
LATIN AMERICA
MULTINATIONAL ENTERPRISES
OIL-IMPORTING COUNTRIES
OWNERSHIP
PETROLEUM INDUSTRY
REPUBLIC OF KOREA
SOUTH AMERICA