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The obstacles in the way of stabilising the Russian oil model

Author

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  • Sylvain Rossiaud
  • Catherine Locatelli

Abstract

This article deals with the current change of the institutional and organisational framework of the Russian oil industry. Regarding this evolution, the main characteristic is the increasing involvement of national oil companies in upstream activities. The aim is to explain this reorganisation by relying on the New Institutional Economics framework. These theoretical works highlight that institutional environment and governance structures complement each other. We argue that the current reorganisation is an attempt to increase the coherence of the institutional arrangements governing transactions between the Russian state and private oil companies.

Suggested Citation

  • Sylvain Rossiaud & Catherine Locatelli, 2009. "The obstacles in the way of stabilising the Russian oil model," Post-Communist Economies, Taylor & Francis Journals, vol. 21(4), pages 425-438.
    • Handle: RePEc:taf:pocoec:v:21:y:2009:i:4:p:425-438
    DOI: 10.1080/14631370903339831
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    References listed on IDEAS

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    1. Rudiger Ahrend & William Tompson, 2006. "Realising the Oil Supply Potential of the CIS: The Impact of Institutions and Policies," OECD Economics Department Working Papers 484, OECD Publishing.
    2. Sadek Boussena & Jean-Pierre Pauwels & Catherine Locatelli & Carine Swartenbroekx, 2006. "Le défi pétrolier : questions actuelles du pétrole et du gaz," Post-Print halshs-00009622, HAL.
    3. Douglass C. North, 2005. "Introduction to Understanding the Process of Economic Change," Introductory Chapters, in: Understanding the Process of Economic Change, Princeton University Press.
    4. repec:dau:papers:123456789/12331 is not listed on IDEAS
    5. Bruno Amable, 2005. "Les cinq capitalismes. Diversité des systèmes économiques et sociaux dans la mondialisation," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) halshs-00310487, HAL.
    6. Grace, John D., 2005. "Russian Oil Supply: Performance and Prospects," OUP Catalogue, Oxford University Press, number 9780197300305.
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    Citations

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    Cited by:

    1. Boussena, S. & Locatelli, C., 2013. "Energy institutional and organisational changes in EU and Russia: Revisiting gas relations," Energy Policy, Elsevier, vol. 55(C), pages 180-189.
    2. Catherine Locatelli, 2015. "EU-Russia trading relations: the challenges of a new gas architecture," Post-Print hal-01131203, HAL.
    3. Sadek Boussena & Catherine Locatelli, 2011. "La sécurité, question clé des relations gazières entre l'UE et la Russie," Post-Print halshs-00625223, HAL.
    4. Catherine Locatelli, 2015. "EU-Russia trading relations: the challenges of a new gas architecture," European Journal of Law and Economics, Springer, vol. 39(2), pages 313-329, April.
    5. Agnieszka Ziomek, 2010. "Economics Performance and Institutional Economics in Poland After 1989," American Journal of Economics and Sociology, Wiley Blackwell, vol. 69(5), pages 1553-1565, November.
    6. Catherine Locatelli, 2014. "The Russian gas industry : challenges to the "Gazprom model"," Post-Print halshs-00853776, HAL.
    7. Sadek Boussena & Catherine Locatelli, 2013. "Energy institutional and organisational changes in EU and Russia: Revisiting gas relations," Post-Print halshs-00785127, HAL.
    8. Nadia Vanteeva, 2012. "The Re-Emerging Role of the State in Contemporary Russia," Transition Studies Review, Springer;Central Eastern European University Network (CEEUN), vol. 19(1), pages 23-34, September.
    9. Catherine Locatelli, 2012. "Relations UE-Russie : les enjeux d'une nouvelle architecture gazière," Post-Print halshs-00755640, HAL.
    10. Catherine Locatelli, 2011. "Quelle politique russe pour le secteur des hydrocarbures ?," Post-Print halshs-00561596, HAL.
    11. Sylvain Rossiaud & Catherine Locatelli, 2011. "Les évolutions du modèle pétrolier russe : une réponse institutionnelle à la crise de l'industrie," Post-Print halshs-00579874, HAL.

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