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OverviewOil-producing countries are being challenged in the international oil market by the large international oil companies. The large private international oil companies, already comparable in size to the largest of the NOCs, have managed to make significant advances in efficiency in the field of organization, finance, human capital and technology. Their ability to compete has improved dramatically since 1973. Moreover, the availability of opportunities for exploration in the former Soviet Union has allowed the private international oil companies to expand their activities and lure capital away from the OPEC countries. As a result, the average cost of a barrel of oil produced by the private companies has decreased substantially since the 1970s. At the same time, costs for the NOCs have increased due to organizational inefficiencies. The difference between ""low-cost-extraction"" oil and ""high-cost-extraction"" oil, the critical element in the competitive advantage of the OPEC countries, has been significantly narrowed. Unless the oil-producing countries acknowledge the root of their problems, they will end up surrendering their remaining competitive advantage by clinging to an obsolete oil regime. Full Product DetailsAuthor: C. van der LindePublisher: Springer Imprint: Springer Edition: 2000 ed. Volume: 23 Dimensions: Width: 15.50cm , Height: 1.20cm , Length: 23.50cm Weight: 0.980kg ISBN: 9780792377092ISBN 10: 0792377095 Pages: 172 Publication Date: 30 November 1999 Audience: College/higher education , Professional and scholarly , Undergraduate , Postgraduate, Research & Scholarly Format: Hardback Publisher's Status: Active Availability: In Print  This item will be ordered in for you from one of our suppliers. Upon receipt, we will promptly dispatch it out to you. For in store availability, please contact us. Table of ContentsTable of Content.- 1 Introduction.- 2 Redrawing the Boundaries Between State and Company.- 3 State Participation in the Economy.- 4 International Economic Instability.- 5 The Failure of OPEC to Secure Economic Rents.- 6 Turning Black Gold into Development.- 7 National Oil Companies.- 8 Ambitious Consolidation.- 9 Strategic Consolidation.- References.ReviewsAuthor InformationCoby van der Linde is Professor of International Political Economy and the International Oil Markets at Leiden University and Senior Research Fellow at The Netherlands Institute of International Relations `Clingendael', The Hague. Tab Content 6Author Website:Countries AvailableAll regions |
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