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The bases of a new organisation of the Russian oil sector: between private and State

Author

Listed:
  • Sadek Boussena

    (LEPII - Laboratoire d'Economie de la Production et de l'Intégration Internationale - UPMF - Université Pierre Mendès France - Grenoble 2 - CNRS - Centre National de la Recherche Scientifique)

  • Catherine Locatelli

    (LEPII-EDDEN - équipe EDDEN - LEPII - Laboratoire d'Economie de la Production et de l'Intégration Internationale - UPMF - Université Pierre Mendès France - Grenoble 2 - CNRS - Centre National de la Recherche Scientifique)

Abstract

The reforms and privatisation programmes of the 1990s structured the Russian oil industry around a few large national and private companies. This organisational structure poses some questions in respect of the Russian authorities will to take back the oil sector. Three factors may explain this evolution. First, the Russian authorities want to ensure the long-term future of the oil industry by encouraging new strategies in exploration. Second, the government can use the oil sector to support economic growth. This would involve sharing out the rent in a different manner. Third, and it is e new but important factor, the State intends to use Russia's oil power in this international relationships with the United States, Europe and Asia (China, Japan, South Korea, and India). The future of the Russian oil industry has some importance for the stability of the international oil market. Could Russia produce 12 Mb/d and challenging the dominant position of the Saudi Arabia?

Suggested Citation

  • Sadek Boussena & Catherine Locatelli, 2008. "The bases of a new organisation of the Russian oil sector: between private and State," Working Papers halshs-00003938, HAL.
  • Handle: RePEc:hal:wpaper:halshs-00003938
    Note: View the original document on HAL open archive server: https://shs.hal.science/halshs-00003938v2
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    File URL: https://shs.hal.science/halshs-00003938v2/document
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    Cited by:

    1. Palazuelos, Enrique, 2010. "The role of transnational companies as oil suppliers to the United States," Energy Policy, Elsevier, vol. 38(8), pages 4064-4075, August.
    2. Rafael Fernández, 2009. "Some Scenarios for Russian Oil Exports up to 2020," Europe-Asia Studies, Taylor & Francis Journals, vol. 61(8), pages 1441-1459.

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