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For this system to work efficiently, as Jonathan Kuiken has pointed out, presupposed the existence of a unified governmental view on oil matters.Actually, the various governmental agencies dealing with oil (the FCO, the Ministry of Power, the Treasury) all held different views and this gave BP and Shell the room to make their views prevail.

By the late 1960s, it became increasingly evident that the status quo on the oil markets was soon to be subverted on the initiative of the oil exporting countries.Despite the entry of public capital into its ownership, the APOC (and its successors) continued to operate as a private concern, with the government having a theoretical right of veto that was never exercised.that derived mainly from the fact that BP’s prosperity was closely intertwined with the imperial legacy and neo-colonial power relations.At home it rested on a relatively liberal attitude that allowed foreign companies, such as Esso or Texaco, to operate on the domestic market.Abroad, it was based on a complete reliance on the two British companies to the point where national and companies’ interests were seen as almost coincidental.

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