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By focusing on major international oil companies (IOCs), this paper examines the balance of power in the oil industry in the current decade, which, unlike the previous two cooperative decades, can be characterised as ‘conflictual’. In this decade, due to their weak relative bargaining power,...
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This paper explores the relationship between the diversification of sources of imported oil and energy security of oil-importing countries. It examines the importance of diversification policy for oil importers, explains why oil importers implement oil diversification policy, and contextualizes...
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