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The obstacles in the way of stabilizing the russian oil model

Author

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  • Sylvain Rossiaud

    (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

This article deals with the current change of the institutional and organizational framework of the Russian oil industry. Regarding this evolution, the main characteristic is the increasing involvement of national oil companies in the upstream activities. The point is to explain this reorganization 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 reorganization is an attempt to increase the coherence of the institutional arrangement governing the transaction between the Russian state and the private oil companies.

Suggested Citation

  • Sylvain Rossiaud & Catherine Locatelli, 2009. "The obstacles in the way of stabilizing the russian oil model," Post-Print halshs-00321227, HAL.
    • Handle: RePEc:hal:journl:halshs-00321227
    Note: View the original document on HAL open archive server: https://shs.hal.science/halshs-00321227
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    References listed on IDEAS

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    Citations

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    Cited by:

    1. Catherine Locatelli, 2015. "EU-Russia trading relations: the challenges of a new gas architecture," Post-Print hal-01131203, HAL.
    2. 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.
    3. 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.
    4. Catherine Locatelli, 2014. "The Russian gas industry : challenges to the "Gazprom model"," Post-Print halshs-00853776, HAL.
    5. 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.
    6. repec:hal:wpaper:halshs-00853776 is not listed on IDEAS
    7. Catherine Locatelli, 2011. "Quelle politique russe pour le secteur des hydrocarbures ?," Post-Print halshs-00561596, HAL.
    8. 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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    Keywords

    Russia; oil industry; institutional coherence;
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