The Growth of the Petroleum Industry in Abu Dhabi he petroleum industry in the UAE is an integral part of the oil industry in the Middle East. Like the other major oil-producing countries in the region the UAE is a member of the Organization of the Petroleum Exporting Countries(oPEC), and like the other Arab oil producers it is also a member of the Organization of Arab Petroleum Exporting Countries(OAPEC). The UAE is affected in its policies, practices and activities by the objectives, polices and decisions of both of these organizations. It is a member of the Gulf Cooperation Council(GCC) which also includes Saudi Arabia, Kuwait, Bahrain, Qatar and Oman and works towards consolidating the relationships between member countries and coordinating their policies and positions in a variety of different fields(political, economic, social, cultural, etc.). Like the other players in the Middle East oil industry, the UAE has been affected, in terms of the rise and development of its national oil industry, by the same circumstances and events as the other producers of the Middle East and has undergone a similar evolution. It is therefore appropriate to begin with a brief description of the growth of the oil industry in the region to serve as an historical background to the study of the Abu Dhabi petroleum industry.
month of the Middle East Industry ntualeum opsna emecueimary agreements teached with concessionary agreements developed in the Middle East the rights and obligations of the concessionaires and governme The terms of the agreements varied from one and even from one agreement to another in the same general they had a number of common features. the d were granted for extremely long periods(the average despan four main concessions in Iran, Iraq, Kuwait and Saudi Arabia g2 years) without any provision for possible modification. covered very large areas of the host country(sometimes the territory of the country concerned without specific relinquishment: before 1950 they provided for the paymem hont government of an extremely low royalty made at a per ton in the Abu Dhabi agreements, three rupees(75 c ton(about 10 cents per barrel; and while the concessi company was granted exorbitant privileges and great manager freedom in the development of the concession area, the host was excluded from any direct participation in the inte decision making process of the operating companies. Finally, under the anneessionary system, the oil industry had been operated as a whole foreign economic enclave, almost completely isolated from seators of the national economy. Tie growing demand for petroleum in industrialized countres ombined with their lack of oil deposits, stimulated petrolom mporaine inanumber of distant regions. Several attempts were ma Before die First World War to obtain rights for the use of oil.
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