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Realising the Oil Supply Potential of the CIS: The Impact of Institutions and Policies

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  • Rudiger Ahrend
  • William Tompson

Abstract

This paper provides an overview of the political economy of oil in the CIS. It briefly situates the region's oil sector potential in the global context, before analysing the structural features of the oil sectors by country. It examines the ways in which CIS oil industries have been organised and governed since 1991, as well as questions of transport infrastructure and export routes, which are especially critical for Central Asia's landlocked producers. The paper finally considers the causes and likely consequences of the recent shift towards greater state ownership and control in Russia and Kazakhstan, the region's most important oil producers. The paper's central argument is that these changes have increased the risk that the full hydrocarbon potential of the CIS may not be developed in a timely and economically efficient way. Réaliser le potentiel pétrolier des pays de la CEI : L'impact des institutions et des politiques publiques Cette étude présente un panorama de l'économie politique du secteur pétrolier dans les pays de la CEI. Après une brève description du potentiel de la région, vu dans un contexte global, une analyse des caractéristiques structurelles des secteurs pétroliers pays par pays est présentée. L'étude propose également un examen des modes d'organisation et de gestion des industries pétrolières depuis 1991, ainsi que des questions d'infrastructure de transport et des routes de transit pour l'exportation, qui sont particulièrement cruciales pour les producteurs enclavés d'Asie Centrale. Enfin, les causes et les conséquences probables du mouvement récent vers un contrôle croissant du secteur par l'état en Russie et au Kazakhstan, les deux plus importants producteurs de la région, sont analysées. La conclusion principale de l'étude est que ces changements ont accru le risque que le plein potentiel des pays de la CEI ne soit pas développé de manière opportune et économiquement efficiente.

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Bibliographic Info

Paper provided by OECD Publishing in its series OECD Economics Department Working Papers with number 484.

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Date of creation: 12 Jun 2006
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Handle: RePEc:oec:ecoaaa:484-en

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Keywords: growth; corruption; energy; oil; Turkmenistan; privatisation; pipelines; property rights; Uzbekistan; Caspian; state ownership; political economy; CIS; Kazakhstan; Azerbaijan ; Russia; CEI; Kazakhstan; Azerbaïdjan; Ouzbékistan; entreprise d'État; Caspienne; droit de propriété; corruption; économie politique; Russie; Turkménistan; oléoducs; pétrole; croissance; privatisation; énergie;

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Cited by:
  1. Case, 2008. "The economic aspects of the energy sector in CIS countries," European Economy - Economic Papers 327, Directorate General Economic and Monetary Affairs (DG ECFIN), European Commission.
  2. Hefeker, Carsten, 2008. "Taxation, Corruption and the Exchange Rate Regime," Proceedings of the German Development Economics Conference, Zurich 2008 17, Verein für Socialpolitik, Research Committee Development Economics.
  3. Christa N. Brunnschweiler, 2009. "Oil and Growth in Transition Countries," CER-ETH Economics working paper series 09/108, CER-ETH - Center of Economic Research (CER-ETH) at ETH Zurich.
  4. Kalyuzhnova, Yelena & Nygaard, Christian, 2008. "State governance evolution in resource-rich transition economies: An application to Russia and Kazakhstan," Energy Policy, Elsevier, vol. 36(6), pages 1829-1842, June.
  5. Ahmadov, Ingilab & Mammadov, Jeyhun & Aslanli, Kenan, 2013. "Assessment of Institutional Quality in Resource-Rich Caspian Basin Countries," MPRA Paper 47430, University Library of Munich, Germany.
  6. Rudiger Ahrend, 2008. "Can Russia Sustain Strong Growth As a Resource Based Economy?," CESifo Forum, Ifo Institute for Economic Research at the University of Munich, vol. 9(2), pages 3-8, 07.
  7. Sylvain Rossiaud & Catherine Locatelli, 2009. "The obstacles in the way of stabilizing the russian oil model," Post-Print halshs-00321227, HAL.

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