In 1970, other OPEC states followed suit, leading to a global increase in the price of crude oil. The RCC followed with the Tripoli Agreement, in which they secured income tax, back-payments and better pricing from the oil corporations;
How did Gaddafi's decisions in the oil industry impact other OPEC states?
In 1970, other OPEC states followed suit, leading to a global increase in the price of crude oil.