Doubling down: National oil companies as instruments of risk and reward

Patrick R.P. Heller

No wp-2017-81, WIDER Working Paper Series from World Institute for Development Economic Research (UNU-WIDER)

Abstract: National oil companies tend to elicit unequivocal views. To political leaders within petroleum-producing countries, they often represent a sine qua non of a strategy capable of delivering long-term benefits to citizens. To many international analysts and donors, they represent vestiges of an outmoded statist perspective that discourages investment, encourages corruption, and delivers fewer benefits to the country than a purely private-sector approach. The reality lies somewhere in between these poles.

Keywords: State-owned enterprises; National oil companies; Oil and gas (search for similar items in EconPapers)
Date: 2017
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Citations: View citations in EconPapers (1)

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