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Doubling down: National oil companies as instruments of risk and reward

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  • Patrick R.P. Heller

Abstract

National oil companies tend to elicit unequivocal views. To political leaders within petroleum-producing countries, they often represent a sine qua non of a strategy capable of delivering long-term benefits to citizens. To many international analysts and donors, they represent vestiges of an outmoded statist perspective that discourages investment, encourages corruption, and delivers fewer benefits to the country than a purely private-sector approach. The reality lies somewhere in between these poles.

Suggested Citation

  • Patrick R.P. Heller, 2017. "Doubling down: National oil companies as instruments of risk and reward," WIDER Working Paper Series wp-2017-81, World Institute for Development Economic Research (UNU-WIDER).
    • Handle: RePEc:unu:wpaper:wp-2017-81
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    File URL: https://www.wider.unu.edu/sites/default/files/wp2017-81.pdf
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    References listed on IDEAS

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    Cited by:

    1. Tony Addison & Alan R. Roe, 2018. "Extractives for development: Ten main messages," WIDER Working Paper Series wp-2018-99, World Institute for Development Economic Research (UNU-WIDER).

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