The struggle for dominance in the Middle Eastern oil industry, 1967

Barrawi, Rashid. Harb al-bitrul fi al-'alam al-'Arabi, 1967 [Petroleum War in the Arab World, 1967].

€ 650,00

First edition. Seminal treatise on the struggle for dominance in the Middle Eastern oil industry, providing background to the 1967 Oil Embargo. Retraces British and American interests in the Middle East since the 19th century, providing facts and figures on oil exploration in Arabia, and discussing the use of oil as a weapon in political conflicts along with the decisions of the Baghdad conference.

The 1967 Oil Embargo began on 6 June 1967, the second day of the Six-Day War, with a joint Arab decision to deter any countries from supporting Israel's military. Several Middle Eastern countries eventually limited their oil shipments, some embargoing only the United States and the United Kingdom, while others placed a total ban on oil exports. However, the Oil Embargo did not significantly decrease the amount of oil available in the U.S. or any affected European countries, due mainly to a lack of solidarity and uniformity in embargoing specific countries. The 1967 oil embargo was the main reason for the formation of the Organisation of Arab Petroleum Exporting Countries (OAPEC), which would provide a forum for the discussion of using oil politically. The organization's next embargo had a much stronger impact, triggering the oil crisis of 1973-74.