Academic Catalog

PETE414 INTERNATIONAL PETROLEUM ECON. &POLITIC

Course Code:	5660414
METU Credit (Theoretical-Laboratory hours/week):	3(3-0)
ECTS Credit:	5.0
Department:	Petroleum And Natural Gas Engineering
Language of Instruction:	English
Level of Study:	Undergraduate
Course Coordinator:	Lecturer ÞAHÝN YAMAN
Offered Semester:	Fall Semesters.

Course Content

Review of petroleum industry from l859 when it was discovered by Drake in Pennsylvania, USA, up to and including early 1980`s when the world economic structure survived the `second oil price shock.` Role of oil in international economics and politics, its vital importance in the Middle East and North Africa for the Western and Eastern economical and political systems. Economical and political results of developments. A brief survey of the structure of oil market.