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

  • Edith Penrose


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.


Saudi Arabia Transfer Price Spot Market Official Price British Petroleum 
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Copyright information

© International Research Programme, London School of Economics 1987

Authors and Affiliations

  • Edith Penrose

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