Oil and Governance: State-Owned Enterprises and the World Energy Supply

Oil and Governance: State-Owned Enterprises and the World Energy Supply

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Cambridge University Press
Edition: Illustrated, 12/8/2011
EAN 9781107004429, ISBN10: 110700442X

Hardcover, 1036 pages, 22.9 x 15.2 x 5.4 cm
Language: English

National oil companies (NOCs) play an important role in the world economy. They produce most of the world's oil and bankroll governments across the globe. Although NOCs superficially resemble private-sector companies, they often behave in very different ways. Oil and Governance explains the variation in performance and strategy for NOCs and provides fresh insights into the future of the oil industry as well as the politics of the oil-rich countries where NOCs dominate. It comprises fifteen case studies, each following a common research design, of NOCs based in the Middle East, Africa, Asia, Latin America and Europe. The book also includes cross-cutting pieces on the industrial structure of the oil industry and the politics and administration of NOCs. This book is the largest and most systematic analysis of NOCs to date and is suitable for audiences from industry and academia, as well as policymakers.

List of figures
List of tables
Part I. Introduction
1. Introduction David Hults, Mark Thurber and David Victor
Part II. Thematic Studies of National Oil Companies
2. The political economy of expropriation and privatization in the oil sector Christofer Warshaw
3. Hybrid governance
state management of national oil companies David Hults
4. On the choice of oil company
risk, management, and the frontier of the petroleum industry Pete Nolan and Mark Thurber
Part III. National Oil Company Case Studies
5. Saudi Arabia - Saudi Aramco
a giant amongst giants Paul Stevens
6. Iran - oil, monarchy, revolution, and theocracy
a study on the National Iranian Oil Company (NIOC) Paasha Mahdavi
7. Mexico - handcuffed
an assessment of Pemex's performance and strategy Ognen Stojanovski
8. Kuwait - Kuwait Petroleum Corporation
an enterprise in grid Paul Stevens
9. China - China National Petroleum Corporation (CNPC)
a balancing act between enterprise and government Binbin Jiang
10. Venezuela - Petróleos de Venezuela, S.A.
from independence to subservience David Hults
11. United Arab Emirates - awakening giant
strategy and performance of the Abu Dhabi National Oil Company David Victor and Varun Rai
12. Brazil - Petrobras
strategy and performance Adilson de Oliveira
13. Algeria - Sonatrach
the political economy of an Algerian state institution John Entelis
14. Norway - Norway's evolving champion
Statoil and the politics of state enterprise Mark Thurber and Benedicte Tangen Istad
15. Russia - Gazprom
the struggle for power Nadejda Victor and Inna Sayfer
16. Nigeria - the Nigerian National Petroleum Corporation (NNPC) and Nigeria's network for oil patronage Mark Thurber, Ify Emelife and Patrick R. P. Heller
17. India - fading star
explaining the evolution of India's Oil and Natural Gas Corporation Limited (ONGC) Varun Rai
18. Malaysia - Petronas
reconciling tensions between company and state Leslie Lopez
19. Angola - Sonangol
dexterous right hand of the state Patrick R. P. Heller
Part IV. Conclusions and Implications
20. Major conclusions and implications for the future of the oil industry David Victor, Mark Thurber and David Hults
Part V. Appendices
I. Performance ranking
II. Depletion

'State-owned oil companies play a pivotal role in today's petroleum industry. Policymakers, industry leaders, and interested observers alike will gain highly relevant insights into these key players from this excellent volume.' Harald Norvik, CEO of Statoil, 1988-1999