Academic literature on the topic 'Petroleum exporting countries'

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Journal articles on the topic "Petroleum exporting countries"

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Szira, Zoltán, Alghamdi Hani, and Erika Varga. "Examining the Impact of Oil Price Change on the Economy through GDP Change." Acta Carolus Robertus 9, no. 2 (2019): 149–59. http://dx.doi.org/10.33032/acr.2019.9.2.149.

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Petroleum economics is the field that studies human utilization of petroleum resources and the consequences of that utilization. Petroleum use allows the production of energy. Resources can be regarded as renewable or depletable; petroleum falls into the latter category, which can have an effect on pricing strategies. Crude oil is one of the main natural feedstocks used to meet energy demands and price variation has a significant influence on the society development. A large amount of research suggests that oil price fluctuations have considerable consequences on economic activity. These consequences are expected to be different in oil importing and in oil exporting countries. Whereas an oil price increase should be considered positive news in oil exporting countries and negative news in oil importing countries, the reverse should be expected when the oil price decreases. The paper investigates the co-movements and causality relationship between oil prices and GDP of selected oil exporting countries. Our assumption is decreasing oil prices have a negative impact on the GDP of such countries.
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Lyons, Charles. "The Organization of the Petroleum Exporting Countries (OPEC) (www.opec.org)." Journal of Business & Finance Librarianship 14, no. 2 (April 2009): 181–87. http://dx.doi.org/10.1080/08963560802362609.

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Mehrara, Mohsen. "The Relationship between Non-Oil Trade and GDP in Petroleum Exporting Countries." International Letters of Social and Humanistic Sciences 12 (October 2013): 63–70. http://dx.doi.org/10.18052/www.scipress.com/ilshs.12.63.

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This paper investigates the causal relationship between non-oil international trade and the GDP in a panel of 11 selected oil exporting countries by using panel unit root tests and panel cointegration analysis. A three-variable model is formulated with oil revenues as the third variable. The results show a strong causality from oil revenues and economic growth to trade in the oil exporting countries. Yet, non-oil trade does not have any significant effects on GDP in short- and long-run. It means that it is the oil and GDP that drives the trade in mentioned countries, not vice versa. According to the results, decision makings should be employed to achieve sustainable growth through higher productivity and substantially enlarging the economic base diversification in the future.
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Lebovic, James H., and Kingsley W. Hill. "Organization of petroleum exporting countries: The sources of trade partner diversification." International Interactions 14, no. 4 (September 1988): 343–72. http://dx.doi.org/10.1080/03050628808434714.

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Pop, Viorel. "Petroleum – Strategic Resource for World Economy." Studia Universitatis „Vasile Goldis” Arad – Economics Series 28, no. 2 (June 1, 2018): 70–85. http://dx.doi.org/10.2478/sues-2018-0010.

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Abstract Petroleum is the most important resource for global energy production, far exceeding the role of coal and natural gas, the role of river energy and wind energy, and also the role of nuclear fuel. All highly industrialized countries are making great efforts to ensure the energy needs of the functioning of economies under the conditions of fierce global competition. None of the world’s first 10-12 economies can give up on petroleum imports, and the exporting countries benefit from large financial resources from petroleum. Saudi Arabia, Qatar, United Arab Emirates, Venezuela, Russia and other petroleum-rich countries secure themselves significant foreign revenue for their economic development, defense and overall well-being.
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Bahramgiri, Mohsen, Shahabeddin Gharaati, and Iman Dolatabadi. "Modeling jumps in organization of petroleum exporting countries basket price using generalized autoregressive heteroscedasticity and conditional jump." Investment Management and Financial Innovations 13, no. 4 (December 29, 2016): 196–202. http://dx.doi.org/10.21511/imfi.13(4-1).2016.05.

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This paper uses autoregressive jump intensity (ARJI) model to show that the oil price has both GARCH and conditional jump component. In fact, the distribution of oil prices is not normal, and oil price returns have conditional heteroskedasticity. Here the authors compare constant jump intensity with the dynamic jump intensity and evidences demonstrate that oil price returns have dynamic jump intensity. Therefore, there is strong evidence of time varying jump intensity Generalized Autoregressive Heteroscedasticity (GARCH) behavior in the oil price returns. The findings have several implications: first, it shows that oil price is highly sensitive to news, and it does settle around a trend in long-run. Second, the model separates variances of high volatilities from smooth volatilities. Third, the model rejects an optimal path for extracting oil and technology transmission. In fact, the lack of a long-term pattern can cause excessive oil extracting which can result in heavy climatic effects. Keywords: generalized autoregressive heteroscedasticity (GARCH), jumps, basket, oil price, Organization of Petroleum Exporting Countries (OPEC), Autoregre-ssive jump intensity (ARJI). JEL Classification: C32, C52, F31
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Okombi, Idrys. "Relationship Between Growth and Unemployment in Petroleum Exporting Countries: Case of Congo." jurnal ekonomi dan studi pembangunan 11, no. 1 (March 26, 2019): 14–27. http://dx.doi.org/10.17977/um002v11i12019p014.

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Majidi, Ali Fegheh, Hojatollah Hashembeigi, Parvin Alimoradi Afshar, and Vahid Hashembeigi. "Determinant of FDI: Evidence from Organization of the Petroleum Exporting Countries (OPEC)." Asian Economic and Financial Review 7, no. 3 (2017): 258–66. http://dx.doi.org/10.18488/journal.aefr/2017.7.3/102.3.258.266.

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Saboori, Behnaz, Usama Al-mulali, Maizan Bin Baba, and Abdul Hakim Mohammed. "Oil-Induced environmental Kuznets curve in organization of petroleum exporting countries (OPEC)." International Journal of Green Energy 13, no. 4 (November 6, 2014): 408–16. http://dx.doi.org/10.1080/15435075.2014.961468.

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Al-Mawali, Nasser. "The growth-IPRs nexus in OPEC member countries: an empirical investigation." Investment Management and Financial Innovations 13, no. 2 (June 3, 2016): 92–98. http://dx.doi.org/10.21511/imfi.13(2).2016.10.

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This study employs a parsimonious model of economic growth to investigate the impact of intellectual property rights (IPRs) protection on the economic growth of Organization of the Petroleum Exporting Countries (OPEC) member countries. The growth model is estimated in the context of the Hausman-Taylor estimation technique in an annualized panel data framework. The principal finding suggests that IPRs per se are not an important factor in explaining the economic growth of OPEC member countries. However, the interaction between IPRs and trade has exerted a positive and significant impact on the economic growth of OPEC member countries
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Dissertations / Theses on the topic "Petroleum exporting countries"

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Eshhati, Mohamed A. "The Organisation of Petroleum Exporting Countries (OPEC) : foundations of a strategic approach." Thesis, Kingston University, 2001. http://eprints.kingston.ac.uk/20678/.

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The thesis adopts a strategic management with an explicit game theory orientation to the analysis of the OPEC coalition. Two games are identified, one between OPEC and the oil majors the MNOCs, (G1) and another between the members of OPEC themselves (G2). The payoff structures of the games are identified using a Delphi methodology, supported by an extensive literature together with output data relating to the OPEC coalition. The analysis reveals prisoners' dilemma structures in the case of G1, and an evolutionary- game, a chicken game in the case of G2. The thesis makes a contribution to knowledge in a number of respects. Coalition behaviour is analysed in terms of evolutionary- stability, an innovation with respect to the study of coalitions. New data is used, as a result of the Delphi procedure. The underlying mathematical structure of the Delphi procedure is set out with reference to the estimation of payoff structures of the respective games. A cardinal utility approach is used as a basis for calculating the payoff matrices involved in the various OPEC games. Further it is hoped the thesis indicates the potential scope of game theory as a tool of strategic analysis. OPEC is playing important roles in: the international oil industry, and the world oil market. Arguably, in the oil industry, OPEC has a number of tasks, including the promotion of international competition. This would best serve its members' interests. With regard to the performance of OPEC to date, the organisation has achieved part of its objectives, but not all of them. In this research the objectives of OPEC have three dimensions: economic, political and technical. The aims of the research are to provide a deeper understanding of OPEC and show its role in the world oil market and industry. The use of the strategic management approach contributes to discover new insights and perspectives of OPEC's behaviour.
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Birjandi, Hossein S. Tavakoli-Targhi Mohamad. "Energy and globalization." Normal, Ill. Illinois State University, 2003. http://wwwlib.umi.com/cr/ilstu/fullcit?p3087862.

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Thesis (D.A.)--Illinois State University, 2003.
Title from title page screen, viewed November 15, 2005. Dissertation Committee: Mohammad Tavakoli Targhi (chair), Lawrence McBride, Hassan Mohammadi, Paul Holsinger, Tony Adedze. Includes bibliographical references (leaves 109-119) and abstract. Also available in print.
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Al-Seghyer, Mohamed. "OPEC : tested by fire - prepared for the future; a review of its development, history and an assessment of its effectiveness." Thesis, University of Exeter, 2000. http://ethos.bl.uk/OrderDetails.do?uin=uk.bl.ethos.324766.

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Seslikaya, Huseyin. "Energy security and Turkey." Thesis, Monterey, Calif. : Naval Postgraduate School, 2008. http://edocs.nps.edu/npspubs/scholarly/theses/2008/Dec/08Dec%5FSeslikaya.pdf.

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Thesis (M.A. in Security Studies (Middle East, South Asia, Sub-Saharan Africa))--Naval Postgraduate School, December 2008.
Thesis Advisor(s): Looney, Robert E. "December 2008." Description based on title screen as viewed on February 2, 2009. Includes bibliographical references (p. 65-70). Also available in print.
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Sedra, Ali Abu. "The Organisation of Petroleum Exporting Countries : a study of its organisation, policies and legal significance." Thesis, University of Hull, 1998. http://hydra.hull.ac.uk/resources/hull:5896.

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[Summary]: This thesis provides a comprehensive study of OPEC. It seeks to ascertain and analyse the international legal status of OPEC and its characteristics, to examine how OPEC functions and what its stated aims and objectives are, to evaluate the performance of OPEC in the context of these objectives, and to suggest improvements for the future. OPEC was originally established in 1960 by a group of developing oil-producing countries as an institutional response to the need which they all felt to assert their independence and ensure their economic survival. In this context Part One examines and analyses the general pre-history and overall background of OPEC from a variety of different perspectives including but not limited to such relevant areas as international conflicts over the distribution of wealth and power between producers and consumers in particular, and between the developing and developed countries in general. Part Two considers the constitutional legal foundations of OPEC which are to be found in the original OPEC Resolution of 1960 and in its subsequent OPEC Statute (as amended) which defines the Organisation's aims and objectives, its internal structure, its decision-making processes, its financial resources and its dispute settlement procedures. Part Three of the thesis enlarges on this initial survey by examining OPEC's structure, composition, organs and membership in greater detail. Part Four considers OPEC's international legal status and its standing vis-a vis the larger international community and other international organisations. Part Four also considers OPEC in the context of the internationally recognised principle of a state's right to exercise permanent sovereignty over its natural resources, and therefore of the OPEC Members' rights to organise the production, marketing and pricing of their oil resources. Part Four also explores the proposition that although OPEC may not have been founded with the express contemplation of such international legal and economic milestones as the Havana Charter and the General Agreement on Tariffs and Trade (GATT) in mind, it has in fact proved to be quite consistent with International Commodity Agreements (ICAs) in more than one respect, while at the same time displaying characteristics which are uniquely different from a typical ICA. Bearing the above in mind, Parts Five and Six seek to examine OPEC's track record since its inception thirty-eight years ago. Part Five examines the decision-making processes and financial contributions in OPEC, while Part Six then focuses on OPEC's actual policies and resulting activities - and their legal significance. Finally, Part Seven is concerned with a general evaluation of the main features and relative failures and successes of OPEC up to now, as well as with a conclusion as to its future role, including - in order to enhance that role - recommendations as to how OPEC's practices and policy could perhaps be improved in the years to come. (N.B.: A more comprehensive summary appears in the Abstract on pages xi - xiv. )
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Yahia, Abdusalam Faraj. "The effects of the fluctuations in oil prices on the performance of the Libyan economy." Access electronically, 2008. http://ro.uow.edu.au/theses/95.

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Lee, Joonbeom. "Emergency oil system and international cooperation /." free to MU campus, to others for purchase, 2001. http://wwwlib.umi.com/cr/mo/fullcit?p3012994.

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Al-Ajmi, Fahed M. "The Determinants of OPEC Market Share Stability." PDXScholar, 1990. https://pdxscholar.library.pdx.edu/open_access_etds/1189.

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The objectives of this dissertation are to explain the production behavior of OPEC's member countries from 1971 to 1987 and to determine whether there was any structural shift in OPEC's production behavior after the organization attempted to assign a quota to each member. This study focused on political and social as well as economic variables, in order to overcome the misspecification of previous models. In order to achieve the above objectives, the study used the following four models, with modifications: the cartel, competitive, target revenue, and property rights models. The double log multiple linear regression technique was used to operationalize the cartel, competitive, and target revenue models; simple linear regression was used to estimate the property rights model. The cartel model was based not only on economic variables but also on social and political variables. The internal political instability of each OPEC country was measured by the number of armed attacks within the country. The structural shift in OPEC's production behavior between the 1971-1982 period and the 1983-1987 period was evaluated using the Chow-test. The Chow-test showed no significant difference between these two periods for OPEC overall or for individual members. Thus, the two periods were combined so that the study was performed for the entire 1971-1987 period. Because this period of analysis was relatively short, alternative models were applied to pool the data and thereby increase the reliability of the model estimates. A cross-sectional correlated and time-wise auto-regressive model (CCTA) was selected to pool the data and to estimate OPEC's production coefficients. Then each individual OPEC member's production model was estimated and compared to the pooled model. The results indicate that OPEC behaved as a cartel, and that a partial market-sharing hypothesis was significant for all 11 OPEC members. These findings indicate that OPEC was a loose cartel, with only partially effective cooperation on production decisions. Political instability was found to be significant (at the 10-percent level) overall, and it negatively affected production. It was also significant at the 5-percent level for the price-pusher group (Iran, Venezuela, and Algeria). This group was also the only one pooled using least squares with dummy variables (LSDV), because of its common slope and different intercepts. Overall results suggest that OPEC members were basing their production decisions on crude oil prices, excess production capacity, and each member's share of total OPEC output.
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Heiat, Abbas. "An econometric study of an oil-exporting country: the case of Iran." PDXScholar, 1986. https://pdxscholar.library.pdx.edu/open_access_etds/564.

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The main objective of this study is to contribute toward an analytical and empirical work on the oil-based developing economy of Iran. It focuses on the aggregate behavior of the Iranian economy through a simple linear econometric model. After a survey of the literature on the theoretical framework of macroeconomic models for the developing countries in general, and for the oil exporting developing countries in particular, a linear econometric model for the Iranian economy is formulated and its logical and economical aspects are explained. The proposed model consists of basic consumption, production, foreign trade, and employment relationships. Estimation of the behavioral equations are carried out by Ordinary Least Square and Two Stage Least Square estimators. The model is estimated over the period of 1959-76. Data published by the Plan and Budget Organization of Iran in the 1978 edition of the "Economic Trends of Iran" are used for the estimation of the parameters of the model. Historical simulation of the model has been performed to test the validity and the fitness of the model as a whole. The results obtained from the estimation of the consumption functions seem to indicate that the aggregate Iranian consumption behavior can be best explained by Friedman's Permanent Income Hypothesis. An attempt has been made to estimate the aggregate production function of the urban sector according to various Cobb-Douglas production functions and linear production function with constant returns to scale. All of these specifications gave implausible results. In general, the results of this study demonstrate that the links between different sectors of the Iranian economy are very weak and the import substitution strategy of the government during the period of study failed to establish a genuine domestic industrial base and to reduce its dependence on foreign resources.
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Habibi, Baghi Mohsen. "The impact of petroleum exporting countries' membership of the World Trade Organisation on their economic development with an emphasis on the export dependency of these nations on crude oil." Thesis, Middlesex University, 2008. http://eprints.mdx.ac.uk/10551/.

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In the mid-1990s, most nations, including some major oil exporting countries, joined the World Trade Organisation (WTO) to create a global trading system that was more integrated than ever before. The basic motive behind membership of this organisation was economic growth and industrialisation based on international trade. The theoretical underpinnings which support the idea can be found in the literature review, yet despite these considerable efforts, the trade-development or industrialisation relationship still remains quite ambiguous. In this research we study industrialisation in selected oil exporting nations after they became members of the WTO based on a two-phase analysis approach. In the first stage, we investigate the change in crude oil share in the total annual exports of these nations as the crude oil export ratio (CER) which has been very high, and in the second phase we study export portfolio diversification as an industrialisation index. In fact, the considerable share of crude petroleum in the export portfolio of these countries persuades us to ask whether or not they have successfully changed their comparative advantage from primary to manufactured goods after WTO membership to maximise their benefits from international trade. To examine the change in the industrialisation level in oil exporting countries in two different time periods before and after membership of the WTO, we utilise the crude oil export ratio (CER) for the first phase and a variant of the Balassa revealed comparative advantage (RCA) measure for the second. The CER, tells us to what extent these nations have reduced (or may have increased) their economic dependency on crude petroleum exports after their membership of the WTO. Indeed, a high rate of such a dependency would not only create a more risky export portfolio in international trade but also could be considered as an important characteristic of underdeveloped or even non-industrialised economies. In simple terms, a meaningful shift in the comparative advantage from primary to complex commodities’ production could be revealed in the shape of export diversification in these nations. This shift may enable these nations to be industrialised mostly when such activities are accompanied by a meaningful decrease in the CER as a consequence of WTO-led trade liberalisation. Although it is difficult to change the export specialisation pattern in a nation, it initially could be affected by technology absorption, especially when the level of education and institutions created for the purpose of absorbing internationally diffused knowledge are high in a nation. Therefore, the key contribution of this study is to measure the impact of WTO membership using a new – and a much more comprehensive – method for the very first time. This research consists of seven chapters. The first chapter provides a brief explanation of the goals and objectives of the present study. This chapter also includes the methods which will be utilised to investigate the research questions. The history of trade development and industrialisation studies is discussed in the second chapter – as the literature review – to provide the background for the present research. Chapter three focuses on the methodology and its basic foundations to clarify the way which we investigate the research questions. In the fourth chapter we discuss the essential data and also the related data sources which have been utilised to analyse the economic dependency of the countries in the research population on crude petroleum exports. Chapter Five provides the results of CER analyses which indicate what really happened to economic dependency on crude oil in petroleum exporting nations after their membership of the WTO. Initial and terminal revealed symmetric comparative advantage (RSCA) has been analysed systematically based on a Galtonian regression in the sixth chapter to compare the distribution of the RSCA for each nation at two points before and after WTO membership. Finally, with regard to the results of the analyses, the research presents some recommendations in the last chapter.
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Books on the topic "Petroleum exporting countries"

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The Organization of Petroleum Exporting Countries. New York: Chelsea House, 2008.

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OPEC and the price of petroleum: Theoretical considerations and empirical evidence. Berlin: Springer-Verlag, 1989.

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Araque, Alí Rodríguez. OPEP, petróleo y universidad. Caracas: República Bolivariana de Venezuela, Ministerio de Energía y Minas, Dirección de Asuntos Públicos, 2000.

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OPEC, the rise and fall of an exclusive club. London: KPI, 1986.

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Hartshorn, J. E. Oil trade: Politics and prospects. Cambridge [England]: Cambridge University Press, 1993.

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OPEC: Twenty-five years of prices and politics. Cambridge: Cambridge University Press, 1988.

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Evans, John. OPEC and the world energy market: A comprehensive reference guide. 2nd ed. Burnt Mill, Harlow, Essex, U.K: Longman, 1993.

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John, Evans. OPEC and the world energy market: A comprehensive reference guide. 2nd ed. Harlow: Longman, 1991.

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Oil wealth and economic growth in oil exporting African countries. Nairobi: African Economic Research Consortium, 2007.

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Akanni, Olomola Philip. Oil wealth and economic growth in oil exporting African countries. Nairobi: African Economic Research Consortium, 2007.

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Book chapters on the topic "Petroleum exporting countries"

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Williams, Gwyneth. "The Organisation of Petroleum Exporting Countries." In Third-World Political Organizations, 85–98. London: Palgrave Macmillan UK, 1987. http://dx.doi.org/10.1007/978-1-349-18627-3_5.

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Harris, Phil. "Organization of Petroleum Exporting Countries (OPEC)." In The Palgrave Encyclopedia of Interest Groups, Lobbying and Public Affairs, 1–2. Cham: Springer International Publishing, 2020. http://dx.doi.org/10.1007/978-3-030-13895-0_188-1.

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Turner, Barry. "Organization of the Petroleum Exporting Countries (OPEC)." In The Statesman’s Yearbook, 70–71. London: Palgrave Macmillan UK, 2011. http://dx.doi.org/10.1007/978-1-349-59051-3_105.

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Smith, James L. "Organization of the Petroleum Exporting Countries (OPEC)." In The New Palgrave Dictionary of Economics, 1–4. London: Palgrave Macmillan UK, 2008. http://dx.doi.org/10.1057/978-1-349-95121-5_2430-1.

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Smith, James L. "Organization of the Petroleum Exporting Countries (OPEC)." In The New Palgrave Dictionary of Economics, 9905–8. London: Palgrave Macmillan UK, 2018. http://dx.doi.org/10.1057/978-1-349-95189-5_2430.

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Turner, Barry. "Organization of the Petroleum Exporting Countries (OPEC)." In The Statesman’s Yearbook 2005, 95–96. London: Palgrave Macmillan UK, 2004. http://dx.doi.org/10.1057/9780230271333_58.

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Turner, Barry. "Organization of Arab Petroleum Exporting Countries (OAPEC)." In The Statesman’s Yearbook 2005, 96–97. London: Palgrave Macmillan UK, 2004. http://dx.doi.org/10.1057/9780230271333_59.

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Turner, Barry. "Organization of Arab Petroleum Exporting Countries (OAPEC)." In The Statesman’s Yearbook, 120. London: Palgrave Macmillan UK, 2005. http://dx.doi.org/10.1057/9780230271340_106.

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Turner, Barry. "Organization of the Petroleum Exporting Countries (OPEC)." In The Statesman’s Yearbook, 120–21. London: Palgrave Macmillan UK, 2005. http://dx.doi.org/10.1057/9780230271340_107.

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Turner, Barry. "Organization of Arab Petroleum Exporting Countries (OAPEC)." In The Statesman’s Yearbook 2007, 75–76. London: Palgrave Macmillan UK, 2006. http://dx.doi.org/10.1057/9780230271357_108.

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Conference papers on the topic "Petroleum exporting countries"

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Kuzu, Serdar. "The Position of Central Asian Republics in the World Energy Market." In International Conference on Eurasian Economies. Eurasian Economists Association, 2012. http://dx.doi.org/10.36880/c03.00480.

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Central Asian Republics contain a grand potential in itself through their rich natural resources and strategic locations on the Silk Road between east and west. However, international production and trade share of Turkic Republics is very low. Natural resources are among the most important elements for economic structure. Natural resources that hold by Turkic Republics have had an increasing importance in the world energy market since the disintegration of the Soviet Union. Many international firms have focused on this district in order to have a say in the production and distribution of energy resources. Within this period, the starting up of the Baku-Tbilisi-Ceyhan Pipe Line and studies on the Nabucco Project have contributed to the economies and stability of Turkic Republics. Important gas and petroleum exporting countries such as Kazakhistan, Azerbaijan have gotten high rates of growth depend especially on the natural resources export. However, gains provided by natural resources can create negative effects on income distribution of countries despite their positive effects on economic growth. Economic structure depend natural resources should be diversified for Turkic Republics in order to invest earnings come from natural resources efficiently. This is also very important for the intraregional trade and investment. Thus, logistic structure that could transport natural resources to other markets becomes very important. This study focuses on the positions of energy resources of Kazakhistan, Azerbaijan, Kirghizstan, Turkmenistan and Uzbekistan as Turkic Republics in the world energy market and their effects on the economies of these countries.
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Farghaly, Mohamed B., Ahmed F. El-Sayed, and Galal B. Salem. "Numerical Simulation of the Aerodynamic Behavior of Propeller Blades at Subsonic Conditions." In ASME 2012 Gas Turbine India Conference. American Society of Mechanical Engineers, 2012. http://dx.doi.org/10.1115/gtindia2012-9733.

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The Organization of the Petroleum Exporting Countries (OPEC) oil crisis of the mid 1970s led to a revival in interest in the propeller as a possible fuel-efficient propulsion for aircraft operating at subsonic cruise speeds. A propeller aerodynamics is complex and should be analyzed carefully to ensure maximum propellers efficiency. Detailed knowledge of flow patterns and aerodynamics loads is necessary for blade material and manufacturing process. In this study, an isolated propeller blade is chosen as the base of analysis, the geometry of the propeller: twist and chord variation with radius, are taken from real case module. The boundary conditions of the computational domain are set corresponding to that exist in the propeller manuals. A three dimensional unstructured grid was generated and adopted using commercial grid generator GAMBIT software. The governing equations are solved using FLUENT6.3.26 a commercial CFD code, which uses a control volume approach on a grid over the computational domain. Results identified that the propeller efficiency, power coefficient are increases to reach maximum values and then decreases with increase Mach number. The thrust coefficient decreases with increase Mach number.
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