The world of oil and OPEC (the Organisation of
Petroleum Exporting Companies) has often been
misunderstood or seen as shrouded in mystique and myth.
On the 50th anniversary of the foundation of OPEC,
Fadhil Chalabi, a former 'insider' who spent many years
at the heart of this organisation, dispels myths and
invites us to discover the realities, environment and
evolution of policies that have shaped OPEC and the oil
industry. One of Carlos the Jackal's OPEC hostages in
1975, the author interweaves his analysis with
first-hand experiences that give authenticity to
momentous events, from the time of Egypt under Nasser,
Gaddafi's Libya and Saddam's Iraq. Oil Policies, Oil
Myths explores the continuing importance of oil while
examining the geopolitical influences that cause oil
crises and price hikes and which undermine oil's future.
Chalabi's expertise illuminates OPEC's role in this,
while showing its successes and its failures. Oil for
the countries of OPEC has been pivotal in their
political and economic development, but it is also a
crucial tool in their diplomatic relations with the
oil-consuming nations of the East and West. This book is
essential reading for those who wish to look beyond the
myths of oil and of OPEC, scrutinize oil policies and an
organisation that is perceived by the press as legendary
for its opacity, and to understand OPEC's dramatic
impact on the global energy industry, on world politics
and economics. 'Oil Policies, Oil Myths reflects
Chalabi's great depth of knowledge... an enormously
unique and valuable book.' - H.E. Sheikh Ahmed Zaki
Yamani, former Minister of Petroleum and Mineral
Resources for Saudi Arabia (1[zasłonięte]962 19), founder and
Chairman of Centre for Global Energy Studies
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