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The Structure of the International Oil Industry: Multinationals, Governments and OPEC

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The International Oil Industry
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Abstract

The purpose of this paper is to sketch briefly and with a broad brush an outline of the structure of the international oil industry and the changes in the roles of the several actors therein. This should provide a background against which those with little knowledge of the industry and its evolution can consider the more specialized discussions to follow in the subsequent chapters.

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© 1987 International Research Programme, London School of Economics

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Penrose, E. (1987). The Structure of the International Oil Industry: Multinationals, Governments and OPEC. In: Rees, J., Odell, P.R. (eds) The International Oil Industry. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-09340-3_2

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