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Institutional and economic issues of forming oil-and-gas cluster in Western Siberia

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Abstract

The paper states that the question of how an oil and gas cluster will develop in future basically depends on the present institutional factors related to the specific concentration of oil-and-gas sector. The large vertically integrated companies mould the internal markets of the knowledge-based and high-tech services by attracting their own subdivisions producing such services and located in different regions of the country or by attracting the foreign companies with whom they have continuous alliances. Such course of events, in the author’s opinion, supports and consolidates the resource orientation of the cluster’s structure and decreases the added value being produced in Western Siberia. As the Norway’s experience has shown, the only way to overcome a one-sided orientation of the oil-and-gas cluster in future is a better-targeted and consistent government policy.

Suggested Citation

  • V.A.Kryukov, 2007. "Institutional and economic issues of forming oil-and-gas cluster in Western Siberia," Journal "Region: Economics and Sociology", Institute of Economics and Industrial Engineering of Siberian Branch of RAS, vol. 1.
    • Handle: RePEc:nos:regioe:2007-1_9
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