ABSTRACT
The Organization of the Petroleum Exporting Countries (OPEC), celebrating its 60th anniversary in 2020, is one of the most recognizable acronyms in international politics. The organization has undergone decades of changing importance, from political irrelevance to the spotlight of world attention and back; and from economic boom for its members to deep political and financial crisis.
This handbook, with chapters provided by scholars and analysts from different backgrounds and specializations, discusses and analyzes the history and development of OPEC, its global importance, and the role it has played, and still plays, in the global energy market. Part I focuses on the relationship between OPEC and its member states. Part II examines the relationship between OPEC and its customers, the consuming countries and their governments, while Part III addresses the relationship between OPEC and its competitors and potential partners, the non-OPEC producers, and the international oil companies. The final section, Part IV, looks at OPEC and the governance of international energy.
Chapter 20 of this book is freely available as a downloadable Open Access PDF at https://www.taylorfrancis.com under a Creative Commons Attribution-Non Commercial-No Derivatives (CC-BY-NC-ND) 4.0 license.
TABLE OF CONTENTS
part I|74 pages
OPEC and the member countries
chapter 2|17 pages
Oilmen, Petroleum Arabism and OPEC
chapter 3|15 pages
Saudi Arabia’s role in OPEC’s evolution
chapter 4|11 pages
Trade not aid
part II|66 pages
OPEC and consuming countries
chapter 8|12 pages
Be prepared!
chapter 9|11 pages
Talking about OPEC without talking to OPEC?
chapter 13|12 pages
The European communities and OPEC
part III|99 pages
OPEC, non-OPEC and the international oil companies
chapter 14|17 pages
The changing relationship between OPEC countries and international oil companies
chapter 15|12 pages
Ignoring, countering and undercutting OPEC
chapter 16|14 pages
Consumer countries, producer countries, and the oil industry
chapter 19|16 pages
Taking a leaf out of OPEC’s book?
part IV|99 pages
OPEC and international energy governance