This book examines the oil export policy of the Soviet Union, a major non-OPEC supplier to the world petroleum market. The authors consider the significant role played by oil exports in the overall Soviet balance of payments, and discuss the many factors determining the allocation of oil exports among the developed West, the CMEA countries, and the Third World. They also provide an important econometric analysis of the pattern of oil exports to the West. The constraints faced by planners in the exploration, development, and ...
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This book examines the oil export policy of the Soviet Union, a major non-OPEC supplier to the world petroleum market. The authors consider the significant role played by oil exports in the overall Soviet balance of payments, and discuss the many factors determining the allocation of oil exports among the developed West, the CMEA countries, and the Third World. They also provide an important econometric analysis of the pattern of oil exports to the West. The constraints faced by planners in the exploration, development, and refining sectors of the Soviet oil industry are examined in detail, and the effects of the development of substitute fuels, particularly natural gas, are considered. The study also describes the means by which Soviet foreign trade agencies market crude oil and products to the West, and provides an in-depth analysis of the forward market for Russian gas oil in north-west Europe. Oil industry personnel; consultants; officials of governments and international organizations concerned with the world petroleum market; economists interested in international trade; all those interested in the Soviet Union, its political and economic relationship with the West, eastern Europe, and the Third World.
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