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Vertical integration by oil exporting countries

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  • Siebert, Horst
  • Rauscher, Michael

Abstract

Most oil-producing countries have now nationalised their oil reserves and are pursuing their own pricing and marketing policies; in recent years some of them have attempted to extend their influence over the oil market by undertaking processing activities downstream from oil production. What motives underlie this strategy of vertical integration? What is its economic justification? What effects will it have on oil-importing countries?

Suggested Citation

  • Siebert, Horst & Rauscher, Michael, 1985. "Vertical integration by oil exporting countries," Open Access Publications from Kiel Institute for the World Economy 1319, Kiel Institute for the World Economy (IfW Kiel).
    • Handle: RePEc:zbw:ifwkie:1319
    DOI: 10.1007/BF02926966
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    Cited by:

    1. Siebert, Horst, 1987. "Neue Nutzungsrechte und internationale Rohstoffversorgung," Open Access Publications from Kiel Institute for the World Economy 1348, Kiel Institute for the World Economy (IfW Kiel).
    2. Siebert, Horst, 1987. "Institutional arrangements for natural resources," Discussion Papers, Series II 26, University of Konstanz, Collaborative Research Centre (SFB) 178 "Internationalization of the Economy".
    3. Siebert, Horst, 1986. "Nutzungsrechte und internationale Rohstoffversorgung," Discussion Papers, Series I 218, University of Konstanz, Department of Economics.

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