Question

Was it fair for Western oil companies to ask for so much of the profit in the 1930's? Was the 50/50 split that was renegotiated in the 1950's more fair? Did the Arab states have a right to ask for more than 50%?

Answer 1

Answer:

Yes.

Explanation:

Yes, it was fair for Western oil companies to ask for so much profit in the 1930's because the machines used in oil drilling and purification of oil were highly expensive. Yes, the 50/50 split that was renegotiated in the 1950's more fair due to benefit gained by both the parties. Yes, the Arab states have a right to ask for more than 50% because that was their natural resource and they have the right at what percentage they were agreed.