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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'Économie 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'Économie 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://halshs.archives-ouvertes.fr/halshs-00321227
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    File URL: https://halshs.archives-ouvertes.fr/halshs-00321227/document
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    References listed on IDEAS

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    1. Rudiger Ahrend & William Tompson, 2006. "Realising the Oil Supply Potential of the CIS: The Impact of Institutions and Policies," OECD Economics Department Working Papers 484, OECD Publishing.
    2. repec:dau:papers:123456789/12332 is not listed on IDEAS
    3. Reynolds, Douglas B. & Kolodziej, Marek, 2007. "Institutions and the supply of oil: A case study of Russia," Energy Policy, Elsevier, vol. 35(2), pages 939-949, February.
    4. Oliver E. Williamson, 2000. "The New Institutional Economics: Taking Stock, Looking Ahead," Journal of Economic Literature, American Economic Association, vol. 38(3), pages 595-613, September.
    5. Spiller, Pablo T, 1996. "Institutions and Commitment," Industrial and Corporate Change, Oxford University Press, vol. 5(2), pages 421-452.
    6. 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.
    7. Furubotn, Eirik G & Pejovich, Svetozar, 1972. "Property Rights and Economic Theory: A Survey of Recent Literature," Journal of Economic Literature, American Economic Association, vol. 10(4), pages 1137-1162, December.
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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. Catherine Locatelli, 2014. "The Russian gas industry : challenges to the "Gazprom model"," Post-Print halshs-00853776, HAL.
    4. 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.
    5. repec:hal:wpaper:halshs-00853776 is not listed on IDEAS
    6. Catherine Locatelli, 2011. "Quelle politique russe pour le secteur des hydrocarbures ?," Post-Print halshs-00561596, HAL.
    7. 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.

    More about this item

    Keywords

    Russia; oil industry; institutional coherence;

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