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| Author: | Correlje, A. |
| Title: | The Spanish oil sector: from state intervention to free trade. |
| Journal: | Energy Policy
1990 : OCT, VOL. 18:8, p. 747-755 |
| Index terms: | OIL INDUSTRY EUROPEAN COMMUNITY SPAIN |
| Language: | eng |
| Abstract: | Spain's entry into the European Community in 1986 required it to adjust its legislation to the Community Law over a transitional period. This requirement meant that the country had to dismantle its state oil monopoly. This has enormous implications for the Spanish oil industry. To protect the industry over a transitional period, the former legal monopoly was first replaced by a de facto monopoly. Recently the disintegration of this system goes parallel with the development of a strong, partly privatized state oil company. In July 1990 the government price-fixing system for oil products has been deregulated, and finally in 1992, all restrictions on the trade of oil products have to be removed. |
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