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During the big conflict between the FIA (Max Mosley) and the FI teams the F1 teams threatened to set up their own series, the FIA countered by saying that the teams will not be able race on present circuits as they are contracted to FOM, at that point it downed on the FIA that although they might assemble enough teams to constitute a grid to continue the series, the cars were going to end without a proper F1 racing engine.
The result of all the above was a decision by the FIA to have F1 racing using only an FIA own engine design with the aim that all the major racing categories will race this so called (at the time) world engine.
The 2014 F1 1.6l v6 turbo engine IS AS NEAR TO AN FIA OWN WORLD ENGINE AS CAN BE.