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The article identifies and explains the political and economic implications of low oil prices for the major petrostates. In a comparative analysis of OPEC countries the authors examine their resistance to low oil prices in the long term perspective on the basis of different criteria, such as competitiveness of their oil sectors, budget balance, structure of the economy, foreign exchange reserves, currency convertibility or sovereign default risk. The findings result in a set of indications regarding the international activity of these states, with focus on power shifts between them, their possible alliances and emerging interdependencies.
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