Opec Quote by Andrew Feinstein
““The use of oil as the medium of exchange for the Al Yamamah contracts made bribes easier to hide, allowed Saudi Arabia to bypass OPEC’s restrictive quota guidelines and enabled the Saudi Ministry of Defence to continue to purchase weapons with no scrutiny.””
About This Quote
Source Book: The Shadow World, 2011
Using oil as payment in secret contracts facilitated corruption, allowing Saudi Arabia to evade OPEC limits and purchase weapons without oversight.
In simple terms: Oil payments hid bribes and bypassed rules.
Demand transparency in defense deals.
Themes
Mood
Type
When to use this quote
- government contracts
- oil trade
- military spending
- anti‑corruption investigations
Key Concepts
Questions to Reflect On
- How can oversight be strengthened?
- What incentives drive secretive deals?
Calls for transparency can be politically costly.