VOL. XXXII

NO. 4

31-OCTOBER-1988

A RESPONSE TO COMMANDMENTS AGAINST DOWNSTREAM INTEGRATION

by Izzat Majeed

(In the following article Mr. Izzat Majeed responds to some recent criticismsregarding moves towards downstream integration by oil producing countries. Mr.Majeed is an Economic Consultant with Petroserve, Saudi Arabia.)

There appears to be a concerted attack on the policy of downstreamintegration being pursued by some OPEC countries (notably Saudi Arabia). Themost recent lesson in elementary...