Fereidun Fesharaki, David T. Isaak

• List of Tables; List of Figures; Foreword, Harrison Brown; Acknowledgements; Introduction; 1. Oil Reserves, Production, and Exports; The Oil Market: Structural Changes and Changing Perceptions Reserves and Resources Sources of Information OPEC Oil Reserves Maximum Production Potential Production Profiles The World Oil Balance OPEC Production and Export Policies Iran Iraq Kuwait Qatar United Arab Emirates Saudi Arabia Emerging OPEC Export Strategies; 2. The Refining Industry; Demand for Petroleum Products Demand Patterns Refining Processes The Crisis in Refining Construction: OPEC and the Gulf Scrapping and the World Balance: The OECD Countries Gulf Refinery Flexibility and OPEC Product Exports Economics of Gulf Export Refineries The Second Stage: 1990 and Beyond; 3. Oil Transport; History to 1973 Structural Change The Fleet The Future Demand for Tankers Supply and Demand Balance OPEC’s Role; 4. Petrochemicals; Basic Petrochemicals Structure of the Chemical Industry Ethylene and the Olefins Petrochemicals in the Gulf Petrochemical Markets Other Considerations; 5. Natural Gas; Reserves and Production Reinjection Trade OPEC’s Domestic Use of Gas; 6. The Future of OPEC; Power Structure OPEC Pricing Policies OPEC’s New Challenges in the 1980s Impact of Downstream Investments; Abbreviations; Index

Fereidun Fesharaki, David T. Isaak

• List of Tables; List of Figures; Foreword, Harrison Brown; Acknowledgements; Introduction; 1. Oil Reserves, Production, and Exports; The Oil Market: Structural Changes and Changing Perceptions Reserves and Resources Sources of Information OPEC Oil Reserves Maximum Production Potential Production Profiles The World Oil Balance OPEC Production and Export Policies Iran Iraq Kuwait Qatar United Arab Emirates Saudi Arabia Emerging OPEC Export Strategies; 2. The Refining Industry; Demand for Petroleum Products Demand Patterns Refining Processes The Crisis in Refining Construction: OPEC and the Gulf Scrapping and the World Balance: The OECD Countries Gulf Refinery Flexibility and OPEC Product Exports Economics of Gulf Export Refineries The Second Stage: 1990 and Beyond; 3. Oil Transport; History to 1973 Structural Change The Fleet The Future Demand for Tankers Supply and Demand Balance OPEC’s Role; 4. Petrochemicals; Basic Petrochemicals Structure of the Chemical Industry Ethylene and the Olefins Petrochemicals in the Gulf Petrochemical Markets Other Considerations; 5. Natural Gas; Reserves and Production Reinjection Trade OPEC’s Domestic Use of Gas; 6. The Future of OPEC; Power Structure OPEC Pricing Policies OPEC’s New Challenges in the 1980s Impact of Downstream Investments; Abbreviations; Index

Fereidun Fesharaki, David T. Isaak

• List of Tables; List of Figures; Foreword, Harrison Brown; Acknowledgements; Introduction; 1. Oil Reserves, Production, and Exports; The Oil Market: Structural Changes and Changing Perceptions Reserves and Resources Sources of Information OPEC Oil Reserves Maximum Production Potential Production Profiles The World Oil Balance OPEC Production and Export Policies Iran Iraq Kuwait Qatar United Arab Emirates Saudi Arabia Emerging OPEC Export Strategies; 2. The Refining Industry; Demand for Petroleum Products Demand Patterns Refining Processes The Crisis in Refining Construction: OPEC and the Gulf Scrapping and the World Balance: The OECD Countries Gulf Refinery Flexibility and OPEC Product Exports Economics of Gulf Export Refineries The Second Stage: 1990 and Beyond; 3. Oil Transport; History to 1973 Structural Change The Fleet The Future Demand for Tankers Supply and Demand Balance OPEC’s Role; 4. Petrochemicals; Basic Petrochemicals Structure of the Chemical Industry Ethylene and the Olefins Petrochemicals in the Gulf Petrochemical Markets Other Considerations; 5. Natural Gas; Reserves and Production Reinjection Trade OPEC’s Domestic Use of Gas; 6. The Future of OPEC; Power Structure OPEC Pricing Policies OPEC’s New Challenges in the 1980s Impact of Downstream Investments; Abbreviations; Index