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Realising the oil supply potential of the CIS: the impact of institutions and policies

Ahrend, R. and Tompson, William (2006) Realising the oil supply potential of the CIS: the impact of institutions and policies. OECD Economics Department Working Papers (485), pp. 1-84.

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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.

Item Type: Article
Additional Information: Copyright OECD 2006
Keyword(s) / Subject(s): CIS, Russia, Kazakhstan, Azerbaijan, Uzbekistan, Turkmenistan, Caspian, energy, oil pipelines, political economy, growth, corruption, state ownership, pipelines, privatisation, property rights
School or Research Centre: Birkbeck Schools and Research Centres > School of Social Sciences, History and Philosophy > Politics
Depositing User: William Tompson
Date Deposited: 17 May 2006
Last Modified: 17 Apr 2013 12:32
URI: http://eprints.bbk.ac.uk/id/eprint/366

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