Hertog, Steffen 
ORCID: 0000-0002-6758-9564
(2008)
Petromin: the slow death of statist oil development in Saudi Arabia.
Business History, 50 (5).
pp. 645-667.
ISSN 0007-6791
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Abstract
The paper recounts the history of Saudi Arabia's first national oil company, Petromin, which was originally supposed to take the place of foreign-owned Aramco. As a result of Petromin's inefficiency and personal rivalries among the Saudi elite, however, Petromin was progressively relegated to the sidelines in favour of a gradually 'Saudiised' Aramco. As a result, the organisation of the Saudi oil sector today is very different from - and more efficient than - that of most other oil exporters in the developing world. The paper concludes with a tentative taxonomy of national oil companies, based on the circumstances of nationalisation.
| Item Type: | Article |
|---|---|
| Official URL: | http://www.informaworld.com/smpp/title~content=t71... |
| Additional Information: | © 2008 Taylor & Francis Group |
| Divisions: | Government Middle East Centre |
| Subjects: | H Social Sciences > HC Economic History and Conditions |
| Date Deposited: | 05 Nov 2010 14:37 |
| Last Modified: | 08 Oct 2024 16:24 |
| URI: | http://eprints.lse.ac.uk/id/eprint/29865 |
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