But the push for an integrated oil policy goes beyond these countries.

The uncertainties over oil policy come at a time when the company's own corporate culture is in flux.

"The domestic opposition to changing oil policy has been grossly exaggerated."

The reasons for this include the Saudi government's insistence on setting their own oil policy.

In later years, however, Cárdenas's oil policy proved to be unpopular.

Giving control of oil policy to regional authorities would make the area a less stable place to do business, specialists predict.

Details have been kept secret, but it appears to advocate an aggressive oil policy for Arab producers.

But since the late 1990's, the country has started to pursue a more independent oil policy.

The council would be consulted on pivotal national issues, like the economy, oil policy, public services and security.

Saudi oil policy toward Iran is less clear, but it also appears to be driven by a commitment to stable prices.