The Oil Industry and Class Struggle in the Middle East مقاله

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Table (2) Percentage of profits on capital invested in the oil industry in the Middle East Million dollars3 (Refer to page image) And the magnitude of the profits appears clear to us if we know that the highest percentage of profits that any European company can achieve from its capital invested in any industry or any (3) Arab Oil Magazine - Third Issue - January 1969, p. Table (3) Net investments in fixed assets and net amounts transferred abroad representing the net income of oil companies in the Middle East (estimated in millions of dollars)5. The following table indicates the share of direct income from oil companies of the total government income in some Middle Eastern countries9 in millions of dollars. (Refer to the page image) It is natural for conflict to arise between foreign companies and local governments regarding the amount of the latter's share of the oil industry profits. The following table shows the percentage of profit sharing of oil companies from Middle East oil exploitation operations between them and the local governments, and the rise in the governments' share in recent years compared to what it was before the fifties of this century. Table (6) Direct employment in the Middle East oil industry during the period 1965-1984 (Refer to the page image) (21) Issaoui and Yaghana - previous source - p. 2-The disputes and contradictions between foreign capital and the local feudal governments, which are tied to varying degrees to colonialism, are not the fundamental ones, because both parties have a direct interest in increasing profits, intensifying the exploitation of workers, and plundering the people's wealth.