Abstract
The desire of host governments for equity participation with the concessionaire companies in the oil producing ventures goes back a long way before the foundation of OPEC. But this was a demand that the major oil companies always resisted with all the power and guile at their command, sensing no doubt that such a development would strike at the very roots of their control over the supply arteries of the world oil industry. In the end, it required a collective impetus on the part of OPEC to unblock the path towards participation and the takeover by the host governments of control over crude oil production operations.
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Notes
J.E. Hartshorn: From Multinational to National Oil — The Structural Change, paper published in MEES, April 28, 1980.
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© 1980 OPEC
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Seymour, I. (1980). Control of Management and Operations. In: OPEC. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-05794-8_10
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DOI: https://doi.org/10.1007/978-1-349-05794-8_10
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-05796-2
Online ISBN: 978-1-349-05794-8
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