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The Geopolitics of Oil: Uniting Petrostates
This chapter explores the historical interactions between Saudi princes and Venezuelan diplomats amidst the challenge posed by Middle Eastern oil to Venezuelan interests. It chronicles the rise of OPEC and the key figures like Abdullah Tariki and the Shah of Iran, who sought to navigate and negotiate better terms with Western oil companies. Factors such as labor struggles, nationalization efforts, and influential political climates set the stage for a pivotal shift in the global oil landscape during the 1950s and 1960s.