Oil and Governance: State-Owned Enterprises and the World Energy Supply (Google eBook)
David G. Victor, David R. Hults, Mark C. Thurber
Cambridge University Press, Dec 8, 2011 - Political Science
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 policy makers.
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Part III National oil company case studies
Part IV Conclusions and implications
Part V Appendices
Abu Dhabi ADNOC Algeria Angola assets billion budget capacity Chapter CNPC company’s competition contracts corporate costs countries country’s created crude oil decisions domestic downstream economic efficiency energy enterprises export expropriation Figure firms foreign gas fields gas sector Gazprom goals government’s hydrocarbon incentives increase India investment IOCs Iran Iran’s joint venture KPC’s Kuwait major ment Mexico minister natural gas Nigerian NIOC NIOC’s NNPC NOC governance NOC performance NOCs Norway Norwegian offshore ofthe oil and gas oil companies oil fields oil industry oil prices oil production oil sector ONGC ONGC’s OPEC operations overseas PDVSA Pemex percent PESD Interviews Petrobras PetroChina Petronas pipeline plans political president projects refinery refining reforms relationship reserves risk role Russia Saudi Arabia Saudi Aramco share Sinopec Sonangol Sonatrach state-owned state’s Statoil strategy subsidiaries tion upstream Venezuelan Wood Mackenzie