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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.” quote by Andrew Feinstein
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““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.””

Andrew Feinstein

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.

Key Takeaway

Demand transparency in defense deals.

Themes

corruption energy economics defense procurement political manipulation

Mood

critical analytical

Type

investigative explanatory

When to use this quote

  • government contracts
  • oil trade
  • military spending
  • anti‑corruption investigations

Key Concepts

shadow economy geopolitics regulatory evasion

Questions to Reflect On

  • How can oversight be strengthened?
  • What incentives drive secretive deals?
A Different Perspective

Calls for transparency can be politically costly.

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