Middle East Oil: A Redistribution of Values Arising from the Oil Industry

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Author: Mohamed bin Abdul Latif bin Mohamed Almulhim

ISBN-10: 076184550X

ISBN-13: 9780761845508

Category: Middle East - International Business

In this book, Dr. Almulhim addresses the legal and political aspects of natural resources exploitation under the system of concessions. His aim is to analyze the effectiveness of this system in developing the Middle Eastern oil industry, and determine to what extent the system has affected values distribution among the grantors and concessionaires. He believes that the great human values derived from the exploitation of oil—such as wealth, power, well-being, skill, enlightenment, respect,...

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In this book, Dr. Almulhim addresses the legal and political aspects of natural resources exploitation under the system of concessions. His aim is to analyze the effectiveness of this system in developing the Middle Eastern oil industry, and determine to what extent the system has affected values distribution among the grantors and concessionaires. He believes that the great human values derived from the exploitation of oil—such as wealth, power, well-being, skill, enlightenment, respect, affection, and rectitude—should be redistributed among all the participants in the oil business. The author has managed to draw together the diverse threads of Middle Eastern mining law as they have emerged this century, comparing these to the traditional tenets of Islamic law.

Part 1 Foreword; Preface; Acknowlegments; Table of Contents; Introduction Part 2 Part I: The Problems in Context Part 3 Chapter I: Process of Control Part 4 Chapter II: Process of Claims Part 5 Chapter III: Process of Decision Part 6 Part II: Clarification of World Community Policies Part 7 Chapter I: Introductory Perspective Part 8 Chapter II: Inclusive Interests Part 9 Chapter III: Exclusive Interests Part 10 Chapter IV: Concluding Remarks Part 11 Part III: Trends in Decision—Claim for Redistribution of Values Arising From the Oil Industry in the Middle East "Quest for Decision" Part 12 Chapter I: The System of Concessions and the Maintenance of the Status Quo Part 13 Chapter II: The System of Concessions and the Principle of State Participation in Oil Exploration Processes Part 14 Chapter III: The System of Concessions and the Doctrine of Rebus Sic Stantibus Part 15 Chapter IV: The System of Concessions and the Principle of State Ownership of Oil Resources Part 16 Part IV: General Appraisal and Recommendations Part 17 Chapter I: General Appraisal Part 18 Chapter II: Recommendations Part 19 Table of Cases 20 Table of References