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Regulating Oil in Iran and India, The Anglo Iranian Oil Company and Burmah Oil, 1886-1953

Lookup NU author(s): Dr Neveen Abdelrehim

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Abstract

During the first half of the twentieth century, access to oil became crucial for both economic and strategic reasons. No modern state could do without oil, but since the known deposits were irregularly spread around the globe, most states had to rely on outside supplies for their needs.[1] This combination of relative scarcity and high criticality meant that oil became a very politically contested issue. For oil-rich states, the consequence was that their regulatory frameworks for this natural resource could come under pressure from foreign powers or from foreign companies, while for oil-importing states the consequence was that the policies of exporting states had direct implications for their supply of this resource. Thus, regulation of oil was never a purely domestic issue. [1] Marcelo Bucheli, “Multinational Corporations, Totalitarian Regimes and Economic Nationalism,” Business History 50, 4 (2008): 533–54.


Publication metadata

Author(s): Abdelrehim N, Verma S

Editor(s): Dr. Andreas R. Dugstad, Dr. Pal R. Sandvik, De. Espen Storli

Publication type: Book Chapter

Publication status: Published

Book Title: Political Economy of Resource Regulations

Year: 2019

Pages: 376

Print publication date: 01/04/2019

Online publication date: 01/04/2019

Acceptance date: 05/12/2018

Publisher: UBC Press

URL: https://www.ubcpress.ca/the-political-economy-of-resource-regulation

Library holdings: Search Newcastle University Library for this item

ISBN: 9780774860635


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