Petrolium politics has been being of great importance since the rise of the petrolium industry in the Middle East, that is, the early 20th century.

The issue encompasses a wide range of aspects including the nature of oil as a resource, ways of obtaining it, refinery procedures, oil pricing... That list is virtually just a fraction of what contributes to the world management of this highly-demanded industry.

Watch the video to learn about petrolium politics and the factors that stand in close interdependence and form a framework for this area.