So what qualifies an international oil company to drill in Abu Dhabi?
When in 1939 the original players signed up to explore and produce onshore oilfields for the next 75 years, the world - and Abu Dhabi - was a very different place. The Second World War broke out that year and confirmed the strategic importance of access to oil.
The main concession partners hailed from the dominant western powers active in the Middle East - the United States, the United Kingdom and France. The global configuration of power has since broken and coalesced several times, and geostrategic considerations are now based on a much-changed picture.
How balance of power in supplies has shifted as East eclipses West - The National
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