Oil Policies, Oil Myths: Analysis and Memoir of an OPEC 'Insider' by Fadhil J. ChalabiOil Policies, Oil Myths: Analysis and Memoir of an OPEC 'Insider' by Fadhil J. Chalabi

Oil Policies, Oil Myths: Analysis and Memoir of an OPEC 'Insider'

byFadhil J. Chalabi, Fadhil J Chalabi

Hardcover | January 15, 2011

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The Organisation of Petroleum Exporting Countries, commonly known as OPEC, has been a notoriously opaque and mysterious organization. In this book, Fadhil J. Chalabi, an insider who spent many years at the heart of the organization as Iraq's permanent undersecretary for oil, invites us to discover the intrigue and arguments that have shaped OPEC policy since its inception in 1960. The author interweaves his analysis with first-hand experiences that give authenticity to momentous events, including the infamous 1975 Vienna hostage-taking when Carlos the Jackal kidnapped a number of OPEC ministers, including the author. From the time of Egypt under Nasser, Gaddafi’s Libya, Saddam’s Iraq, and Khomeini’s Iranian revolution, Chalabi uses his unique position and his unparallelled insider knowledge to illuminate an organization that has, at times, been accused of fomenting economic turmoil, political unrest, and even military action.

Benefiting from the perspective of an insider who understands the inner workings of OPEC and its dramatic impact on world politics and economics, this book is an essential read for those who wish to look beyond the myths of this highly influential and at times controversial organization.

Fadhil J. Chalabi is the Executive Director of the Centre for Global Energy Studies, London and former Undersecretary of Oil at the Iraqi Ministry of Petroleum. He also held the postition of Deputy Secretary General of OPEC and was Acting Secretary General for five years.
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Title:Oil Policies, Oil Myths: Analysis and Memoir of an OPEC 'Insider'Format:HardcoverDimensions:288 pages, 8.92 × 5.64 × 1.34 inPublished:January 15, 2011Publisher:I.B. Tauris Company Ltd.Language:English

The following ISBNs are associated with this title:

ISBN - 10:1848855087

ISBN - 13:9781848855083

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Table of Contents

Introduction * The path that led me to the world oil industry * Why OPEC? Confrontation or connivance? * New winds begin to blow * Iraq’s oil politics - a precursor to the end of the oil  concessions * The Shah and OPEC’s oil price frenzy * Of some OPEC’s ‘paper powers’ * OPEC terrorised by the Jackal: the Carlos Affair * The OAPEC intermezzo, and my exit from Saddam’s regime * Iran’s Ayatolla drives the oil market mad (the period of the Iranian Revolution) * The backlash: OPEC is cornered * The short-lived price collapse * Problems with the quota-system. OPEC’s disputed reserves fuel “peak-oil” theory * In the presence of OPEC heads of state. OPEC’s thwarted attempts to seek quota-compliance * Dispelling myths about OPEC * Epilogue * Addendum. Post-Saddam Iraq * Bibiliography, glossary, chronology