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صدمات النفط الثلاث وانعكاساتها على الدول المنتجة والمستهلكة == The Three shocks OF oil and The their impact on the producing and consuming countries
Author name:
فاضل محسن علي الحمادي
Supervisor name:
عبد الجبار عبود الحلفي
General topic:
Administration and Economics
Specific topic:
Economy - Energy
Degree:
Higher Diploma
University:
University Of Basrah - Faculty Of Administration And Economics - Department Of Economics
Language:
Arabic
University location:
Basrah
First pages:
07T4639 - p.pdf
Abstract:
The international oil companies or so called ( The seven sisters ) have dominated the oil all over the world among which east and African countries , especially Arab countries, from the beginning of the twenties century . They have controlled all the stages of the oil industry by the contracts of concession so that the revenues of the productive countries were low and they do not come up to small part of the revenues gained by these companies in comparison with the great level of the economics the western countries on the account of the Arab people fortunes, especially, Arab oil producing countries.At the beginning of the 70s of the last century, the balance of power started to be changed among the monopolist companies and the oil producing countries by the demand of cancelling or amending the contracts of concessions to share the revenue 50/50 or to contracts of service and other types of contracts, but companies insisting on their strict policy of dominating the oil industry made the oil producing companies to change the balance of power.The oil three shocks were historical opportunity to regain some of the lost revenues that were lost by the producing companies and they were an attempt to re - control nearly depleted oil fortunes .The first oil shock was a warning bell tolling over the concession oil companies when the average of inflation has been increased rapidly . The surprise was the decline of the US dollar against other currencies and then the sudden increase of oil demand in different countries. This happened in 1973 followed by the second and the third oil shocks in 1979 and 2008.
