VOL. XXX

NO. 14

12-JANUARY-1987

OAPEC

OAPEC Bulletin Backs "Reasonable" Flexibility in Oil Contracts

Although the current investment climate calls for "flexibility andsimplicity" in new oil contracts, it should not be exploited to apply theprinciple of changing economic circumstances to agreements "as a rule ofthumb regardless of an area's location and potential," according to theeditorial in the January issue of the monthly OAPEC Bulletin.

The editorial begins by contrasting the oil companies'...