9780521785150

British Petroleum and Global Oil 1950–1975: The Challenge of Nationalism

by
  • ISBN13:

    9780521785150

  • ISBN10:

    0521785154

  • Format: Paperback
  • Copyright: 2000-09-18
  • Publisher: Cambridge University Press
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Summary

Dramatic narrative, arresting analysis and original research are combined in this book, which addresses the history of one of the world's biggest oil businesses between 1950 and 1975. Assessing BP's comparative performance, the book focuses on how BP responded politically, economically and culturally to the rise of new competitors, the decline of Britain's imperial power, and the determination of nation states to assert national sovereignty over the vital commodity, oil. Climaxing with the OPEC crisis which shook the world in the 1970s, the book - authorised by BP with uniquely unrestricted access to its records - is of wide interest and relevance, especially for those interested in big business, globalisation and nationalism, international affairs, OPEC, the Middle East, and oil.

Table of Contents

List of colour plates
xi
List of illustrations
xiii
List of maps, graphs and diagrams
xviii
List of tables
xxi
Preface xxiii
List of abbreviations
xxv
A note on the text xxviii
Introduction 1(10)
Part I In a rising tide of nationalism 11(130)
`The structure and sinews of the Company'
13(35)
The expansion of non-Iranian supplies
20(10)
Holding on to markets
30(1)
Staff and organisation
31(5)
Finance
36(9)
Strategy
45(3)
Management and culture
48(27)
The succession problem: `A matter of public importance'
48(10)
The managerial hierarchy
58(10)
Management culture
68(7)
The Suez crisis
75(25)
Precautionary Planning
77(5)
The Anglo-American Schism
82(10)
The Oil lift
92(8)
`The energetic search for new sources of crude oil'
100(30)
The golden age in the Middle East
100(5)
The decision to diversity oil sources
105(4)
Nigeria
109(4)
Libya
113(6)
South America and the Caribbean
119(6)
Canada
125(5)
Finance and the British government
130(11)
Part II Under pressure from the producers 141(196)
The advent of OPEC
143(19)
The formation of OPEC
147(4)
Royalty expensing and OPEC's weak link'
151(11)
The political balancing act
162(23)
The IPC and Iraq
163(8)
The pivotal role of iran
171(14)
The `Holy Grail' of exploration
185(31)
Alaska
185(10)
Britain and the North Sea
195(8)
`A Second-class power'
203(13)
The push for outlets...
216(36)
`Our Marketing Policy has been our concessions Policy'
217(9)
European markets
226(3)
The UK
229(11)
France
240(3)
West Germany
243(5)
Italy
248(4)
...And more outlets
252(27)
India and Pakistan
256(4)
The Consolidated area
260(7)
The Far East
267(4)
Entry into America
271(8)
Refining and shipping
279(20)
The European refining boom
279(11)
Shipping
290(9)
Financial strains
299(17)
The managerial hierarchy
316(21)
The board of directors
316(8)
Human resources and organisation
324(13)
Part III diversifications 337(108)
Alliances in Petrochemicals
339(35)
Negotiations with ICI
344(4)
The partnership with Distillers
348(2)
Growth through joint ventures
350(20)
The lure of integration
370(4)
Integration in petrochemicals
374(20)
The BP-Distillers merger
379(7)
Rationalisation
386(8)
Computing
394(30)
The rise of operational research
399(17)
The demise of operational research
416(8)
Nutrition
424(21)
Genesis
424(1)
Research and development
425(6)
Demonstration units
431(3)
Large-scale commercialisation
434(4)
Demise of BP Proteins
438(5)
Birth of BP Nutrition
443(2)
Part IV OPEC takes control 445(55)
`An avalanche of escalating demands'
447(20)
Oil, `the Achilles heel of the West'
448(2)
The Libyan breakthrough
450(5)
The Tehran Agreement
455(7)
Libya again
462(5)
The end of an era
467(33)
Participation and nationalisation
467(7)
The Yom Kippur War
474(5)
The oil crisis
479(11)
Retrospect and conclusion
490(10)
Notes to the text 500(96)
Notes to the tables, graphs and diagrams 596(6)
Select bibliography 602(14)
Index 616

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