The development of the (low cost) oil resources in the Arabian/Persian Gulf area in the 1930s intensified the internationalization of the oil industry, and, from 1945 onwards, when the international market expanded rapidly, also generated a structural change in the market. A small group of Anglo/Dutch and American international oil companies dominated oil production in the Gulf area, resulting initially in an oligopolistic market structure. However, the expansionary market conditions soon attracted new comers and the market became less concentrated.
Weitere Kapitel dieses Buchs durch Wischen aufrufen
- Development of the Middle East Oil Resources
Coby van der Linde
- Springer Netherlands
- Chapter Four
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