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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.

Suggested Citation

  • 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.
  • Handle: RePEc:oec:ecoaaa:484-en
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    File URL: http://dx.doi.org/10.1787/860836424628
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    Cited by:

    1. Carsten Hefeker, 2010. "Taxation, corruption and the exchange rate regime," Journal of Macroeconomics, Elsevier, vol. 32(1), pages 338-346, March.
    2. 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.
    3. Case, 2008. "The economic aspects of the energy sector in CIS countries," European Economy - Economic Papers 2008 - 2015 327, Directorate General Economic and Financial Affairs (DG ECFIN), European Commission.
    4. Sylvain Rossiaud & Catherine Locatelli, 2009. "The obstacles in the way of stabilizing the russian oil model," Post-Print halshs-00321227, HAL.
    5. repec:dau:papers:123456789/147 is not listed on IDEAS
    6. 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.
    7. repec:dau:papers:123456789/200 is not listed on IDEAS
    8. 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.
    9. Rudiger Ahrend, 2008. "Can Russia Sustain Strong Growth As a Resource Based Economy?," CESifo Forum, Ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 9(2), pages 3-8, July.
    10. Lilas Demmou & Andreas Wörgötter, 2015. "Boosting Productivity in Russia: Skills, Education and Innovation," OECD Economics Department Working Papers 1189, OECD Publishing.
    11. Jeyhun Mammadov & Assoc. Prof. Dr. Jeyhun Mammadov & Prof. Dr. Ingilab Ahmadov & PhD candidate, Kenan Aslanli, 2013. "Assessment of Institutional Quality in Resource Rich Caspian Basin Countries," International Conference on Energy, Regional Integration and Socio-economic Development 5994, EcoMod.

    More about this item

    Keywords

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

    JEL classification:

    • L71 - Industrial Organization - - Industry Studies: Primary Products and Construction - - - Mining, Extraction, and Refining: Hydrocarbon Fuels
    • O57 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Comparative Studies of Countries
    • P28 - Economic Systems - - Socialist Systems and Transition Economies - - - Natural Resources; Environment
    • Q41 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Demand and Supply; Prices

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