The obstacles in the way of stabilising the Russian oil model
AbstractThis 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.
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Bibliographic InfoArticle provided by Taylor & Francis Journals in its journal Post-Communist Economies.
Volume (Year): 21 (2009)
Issue (Month): 4 ()
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- Nadia Vanteeva, 2012. "The Re-Emerging Role of the State in Contemporary Russia," Transition Studies Review, Springer, vol. 19(1), pages 23-34, September.
- Sadek Boussena & Catherine Locatelli, 2013. "Energy institutional and organisational changes in EU and Russia: Revisiting gas relations," Post-Print halshs-00785127, HAL.
- Catherine Locatelli, 2012. "Relations UE-Russie : les enjeux d'une nouvelle architecture gazière," Post-Print halshs-00755640, HAL.
- Sadek Boussena & Catherine Locatelli, 2011. "La sécurité, question clé des relations gazières entre l'UE et la Russie," Post-Print halshs-00625223, HAL.
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