The Rise and Fall of Privatization in the Russian Oil Industry

The Rise and Fall of Privatization in the Russian Oil Industry PDF

Author: L. Sim

Publisher: Springer

Published: 2008-10-24

Total Pages: 226

ISBN-13: 023059476X

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A study of the actors and institutions that shaped decision-making on privatization in the Russian oil industry between 1992 and 2006. The book analyses the origins of privatization as a policy on a macro, industry-wide level, as well as presenting three in-depth case studies of privatization on a company level.

The Piratization of Russia

The Piratization of Russia PDF

Author: Marshall I. Goldman

Publisher: Routledge

Published: 2003-04-10

Total Pages: 348

ISBN-13: 1134376847

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In 1991, a small group of Russians emerged from the collapse of the Soviet Union and enjoyed one of the greatest transfers of wealth ever seen, claiming ownership of some of the most valuable petroleum, natural gas and metal deposits in the world. By 1997, five of those individuals were on Forbes Magazine's list of the world's richest billionaires.

The Political Economy of Russian Oil

The Political Economy of Russian Oil PDF

Author: David Lane

Publisher: Rowman & Littlefield

Published: 1999

Total Pages: 240

ISBN-13: 9780847695096

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One of the dominant export-oriented industries in Russia, oil is a major source of tax revenue and wealth. The privatization of these vast assets has made the industry a site not only for conflict between power holders but also a strategic target for international corporations and Western governments. In this thoughtful analysis, a group of international specialists explores the political and economic issues and controversies surrounding the oil industry's move to capitalism. The authors examine the spread of crime and corruption, the role of Russian and Western financial institutions, regional tensions, and the international dimension. As a paradigm for the Russian economy as a whole, the case of oil industry provides invaluable insights for understanding the political and economic problems confronting Russia today.

Privatizing Russia

Privatizing Russia PDF

Author: Maxim Boycko

Publisher: MIT Press

Published: 1997-01-22

Total Pages: 180

ISBN-13: 9780262522281

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Privatizing Russia offers an inside look at one of the most remarkable reforms in recent history. Having started on the back burner of Russian politics in the fall of 1991, mass privatization was completed on July 1, 1994, with two thirds of the Russian industry privately owned, a rapidly rising stock market, and 40 million Russians owning company shares. The authors, all key participants in the reform effort, describe the events and the ideas driving privatization. They argue that successful reformers must recognize privatization as a process of depoliticizing firms in the face of massive opposition: making the firm responsive to market rather than political influences. The authors first review the economic theory of property rights, identifying the political influence on firms as the fundamental failure of property rights under socialism. They detail the process of coalition building and compromise that ultmately shaped privatization. The main elements of the Russian program -- corporatization, voucher use, and voucher auctions -- are described, as is the responsiveness of privatized firms to outside investors. Finally, the market values of privatized assets are assessed for indications of how much progress the country has made toward reforming its economy. In many respects, privatization has been a great success. Market concepts of property ownership and corporate management are shaking up Russian firms at a breathtaking pace, creating powerful economic and political stimuli for continuation of market reforms. At the same time, the authors caution, the political landscape remains treacherous as old-line politicians reluctantly cede their property rights and authority over firms.

The International Political Economy of Oil and Gas

The International Political Economy of Oil and Gas PDF

Author: Slawomir Raszewski

Publisher: Springer

Published: 2017-11-15

Total Pages: 300

ISBN-13: 3319625578

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This book addresses energy research from four distinct International Political Economy perspectives: energy security, governance, legal and developmental areas. Energy is too important to be neglected by political scientists. Yet, within the mainstream of the discipline energy research still remains a peripheral area of academic enquiry seeking to plug into the discipline’s theoretical debates. The purpose of this book is to assess how existing perspectives fit with our understanding of social science energy research by focusing on the oil and gas dimension.

Fuel and Power

Fuel and Power PDF

Author: Jeronim Perović

Publisher: Cambridge University Press

Published: 2024-06-30

Total Pages: 267

ISBN-13: 1009449109

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A very timely study of Russia's emergence as a global energy power from the Russian Revolution to the present day. It reveals how Russian exports shaped global energy flows as well as how international trade impacted the fabric of the country's foreign relations and, ultimately, the course of Russian history.

Wheel of Fortune

Wheel of Fortune PDF

Author: Thane Gustafson

Publisher: Harvard University Press

Published: 2012-11-06

Total Pages: 673

ISBN-13: 0674066472

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The world’s largest exporter of oil is facing mounting problems that could send shock waves through every major economy. Gustafson provides an authoritative account of the Russian oil industry from the last years of communism to its uncertain future. The stakes extend beyond global energy security to include the threat of a destabilized Russia.

Wheel of Fortune

Wheel of Fortune PDF

Author: Thane Gustafson

Publisher: Harvard University Press

Published: 2012-11-06

Total Pages: 673

ISBN-13: 0674070798

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A Foreign Affairs Best Book of the Year on Eastern Europe and the Former Soviet Republics The Russian oil industry—which vies with Saudi Arabia as the world’s largest producer and exporter of oil, providing nearly 12 percent of the global supply—is facing mounting problems that could send shock waves through the Russian economy and worldwide. Wheel of Fortune provides an authoritative account of this vital industry from the last years of communism to its uncertain future. Tracking the interdependence among Russia’s oil industry, politics, and economy, Thane Gustafson shows how the stakes extend beyond international energy security to include the potential threat of a destabilized Russia. “Few have studied the Russian oil and gas industry longer or with a broader political perspective than Gustafson. The result is this superb book, which is not merely a fascinating, subtle history of the industry since the Soviet Union’s collapse but also the single most revealing work on Russian politics and economics published in the last several years.” —Robert Legvold, Foreign Affairs “The history of Russia’s oil industry since the collapse of communism is the history of the country itself. There can be few better guides to this terrain than Thane Gustafson.” —Neil Buckley, Financial Times

The Russian State and Russian Energy Companies, 1992–2018

The Russian State and Russian Energy Companies, 1992–2018 PDF

Author: Ingerid M. Opdahl

Publisher: Routledge

Published: 2020-06-09

Total Pages: 235

ISBN-13: 1351134051

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The Russian State and Russian Energy Companies analyses the development of relations between the state and five major energy companies, and how this shaped Russia’s foreign policy in the post-Soviet region. The book argues that the development of Russia’s political economy mattered for foreign policy over the quarter of a century from 1992 to 2018. Energy companies’ roles in institutional development enabled them to influence foreign policy formation, and they became available as tools to implement foreign policy. The extent to which it happened for each company varied with their accessibility to the Russian state. Institutional development increased state capacity, in a way that strengthened Russia’s political regime. The book shows how the combined power of several companies in the gas, oil, electricity, and nuclear energy industry was a key feature of Russian foreign policy, both in bilateral relationships and in support of Russia’s regional position. In this way, Russia’s energy resources were converted to regional influence. The book contributes to our understanding of Russia’s political economy and its influence on foreign policy, and of the formation of policy towards post-Soviet states.

The State and Big Business in Russia

The State and Big Business in Russia PDF

Author: Tina Jennings

Publisher: Routledge

Published: 2021-12-28

Total Pages: 315

ISBN-13: 1000516695

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This book presents a study of the complex relationship between the Russian state and big business during Vladimir Putin’s first two presidential terms (2000–2008). Based on extensive original research, it focuses on the interaction of Russia’s political executive with the ‘oligarchs’. It shows how Putin’s crackdown on this elite group led big business to accept new ‘rules of the game’ and how this was accompanied by the involvement of big business in policy formulation, particularly through the organisational vehicle of the Russian Union of Industrialists and Entrepreneurs (RSPP). It goes on to discuss why Yukos and its CEO Mikhail Khodorkovsky were targeted by Russia’s political authorities and the resultant consequences, namely the end of the relatively successful framework via which state-business relations had been managed, and its replacement by fear and mutual distrust, along with a vastly expanded role for the state, and state-related actors, in the Russian corporate sector. The book explores all these developments in detail and sets them against the context of continued trends towards greater authoritarianism in Russia.