Publisher's Synopsis
Examines how the Middle East oil industry has influenced the course of events in the Middle East and how it has provided a substantial basis for the process of economic and social growth. The author concludes by assessing the current situation and making recommendations for effective socio-economic policies for the future. Contents: The Problems in Context: Process of Control; Process of Claims; Process of Decision; Clarification of World Community Policies: Introductory Perspective; Inclusive Interests; Exclusive Interests; Concluding Remarks; Trends in Decision: The System of Concessions and the Maintenance of the Status Quo; The System of Concessions and the Principle of State Participation in Oil Exploitation Processes; The System of Concessions and the Doctrine of Rebus Sic Stantibus; The System of Concessions and the Principle of State Ownership of Oil Resources; General Appraisal and Recommendations.
