IMPLICATIONS OF OPEC'S DOWNSTREAM STRATEGIES

by Nader H. Sultan

(The following is the text of a paper delivered by Mr. Nader H. Sultan, the President of Kuwait Petroleum International Limited, in Bonn on 5 June)

The last few years have seen several major structural changes in the oil industry, some more visible than others. One change in particular, which has drawn a lot of attention, is OPEC's entry into downstream markets, and the implications this may have for the future. This...