Petroleum And The World Trade Organization
by Dr Majid A al-Moneef
The following article was written by Dr Majid al-Moneef, Adviser to the Saudi Minister of Petroleum and Mineral Resources.
It is commonly argued that trade in crude oil is excluded from World Trade Organization (WTO) rules. This is due to the fact that crude oil trade has not featured in the seven rounds of negotiation of WTOs predecessor, the General Agreement on Tariffs and Trade (GATT), since...