Originally published in 1984, this study focuses on petroleum agreements between non-OPEC LDCs with oil-importing LDCs and how issues such as high oil prices affect each country. The information presented in this study was drawn from interviews with petroleum officials in petroleum companies, petroleum ministries and unpublished documents such as contracts and focussing on case studies of countries such as Peru, Guatemala and Malaysia. This title will be of interest to students of environmental studies and economics.

Capitalist governments around the world, however strongly they profess free market principles, have become deeply involved in the international market for petroleum. What success have they had as oil entrepreneurs, and what do their achievements and failures tell us about the nature of the state? In The Sovereign Entrepreneur, Merrie Gilbert Klapp develops a compelling comparative logic of state oil entrepreneurship. Drawing upon dozens of interviews with policymakers and company executives in Norway, Britain, Indonesia, and Malaysia, Klapp addresses a little understood determinant of policy—the pivotal bargaining power that domestic and international interests wield in different countries. Advanced capitalist countries, she finds, have generally not achieved their goals in the oil sector; they have been constrained by powerful, well-organized domestic interests. Less developed countries, by contrast, have faced little opposition at home, but the international banks and the multinationals have severely limited their attempts to expand into the global petroleum market. klapp argues that bureaucratic and domestic politics, not just economics, underlie the varying success of different countries in the marketplace.

Originally published in 1984, this study focuses on petroleum agreements between non-OPEC LDCs with oil-importing LDCs and how issues such as high oil prices affect each country. The information presented in this study was drawn from interviews with petroleum officials in petroleum companies, petroleum ministries and unpublished documents such as contracts and focussing on case studies of countries such as Peru, Guatemala and Malaysia. This title will be of interest to students of environmental studies and economics.

In order to alleviate their problems many less developed countries (LDCs) are endeavoring to develop to the full their energy resources and in particular their hydrocarbon resources. However, the development of these resources is hindered by many factors, among which are the following: badly established estimates of indigenous resources; under-exploration; lack of competent Government institutions to monitor the hydrocarbon sector; lack of local markets to exploit non-oil hydrocarbon finds; refineries which are outdated, producing the wrong product mix and where economies of scale make upgrading difficult. The purpose of this work is to examine the hydrocarbon sector in the African, Caribbean and Pacific (ACP) group of countries. An examination of such a diverse group of nations on a global scale is difficult since the group includes relatively rich countries such as Trinidad and Tobago with a GNP per capita of $4000, to the sub-Saharan countries such as Mali with a GNP per capita of $120. No easy solutions will be presented to improve the present energy situation in these countries but the reasons for the lack of hydrocarbon development will be examined. The work of the World Bank and similar international financial institutions will be assessed and a potted review of the hydrocarbon sector in each country will be presented.

National oil companies (NOCs) play an important role in the world economy. They produce most of the world's oil and bankroll governments across the globe. This book explains the variation in performance and strategy for NOCs and provides fresh insights into the future of the oil industry.