HOST GOVERNMENT PARTICIPATION IN THE OIL TRADE
Oil producing countries "Host Governments" which are net exporters of oil have mainly concerned themselves with crude oil production. The energy hungry world markets have changed "Host Government" markets from a sellers to a buyers situation to the point that profits have increased five fold in one year. These increased profits are leading "Host Governments" into other phases of the petroleum trade. Host Government Participation in crude oil production is already bringing about fundamental changes in crude oil availability and prices. The industrialized world has for long been accustomed to unlimited acess to crude oil at very low prices. Now it is having to live with limited supplies at rapidly increasing cost. If the Host Governments carry their Participation downstream either in their own countries or in the oil-importing countries, the changes in these phases of the oil trade could be equally fundamental, but need not be as traumatic as the present stage of transition.
- Number 20 in a series.
Drewry (HP) (Shipping Consultants) LimitedPalladium House, 1-4 Argyll Street
London W1V 1AD, England
- Publication Date: 1974-1
- Pagination: 46 p.
- TRT Terms: Economic analysis; Economic forecasting; Economics; Petroleum; Petroleum industry; Trade; Transportation
- Old TRIS Terms: Petroleum economics
- Subject Areas: Economics; Transportation (General);
- Accession Number: 00054395
- Record Type: Publication
- Source Agency: Drewry (HP) (Shipping Consultants) Limited
- Report/Paper Numbers: Eco Study
- Files: TRIS
- Created Date: Jun 18 1974 12:00AM