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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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    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: Birkbeck Faculties and Schools > Faculty of Humanities and Social Sciences > School of Social Sciences
    Depositing User: William Tompson
    Date Deposited: 17 May 2006
    Last Modified: 02 Aug 2023 16:46


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