A neoinstitutionalist interpretation of the changes in the Russian oil model

Catherine Locatelli () and Sylvain Rossiaud ()
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Catherine Locatelli: LEPII-EDDEN - équipe EDDEN - LEPII - Laboratoire d'Economie de la Production et de l'Intégration Internationale - UPMF - Université Pierre Mendès France - Grenoble 2 - CNRS - Centre National de la Recherche Scientifique
Sylvain Rossiaud: LEPII-EDDEN - équipe EDDEN - LEPII - Laboratoire d'Economie de la Production et de l'Intégration Internationale - UPMF - Université Pierre Mendès France - Grenoble 2 - CNRS - Centre National de la Recherche Scientifique

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Abstract: This paper deals with the current change of the institutional and organizational framework of the Russian oil industry. Regarding this evolution, the main characteristic is the increasing involvement of national oil companies in the upstream activities. The point is to explain this reorganization by relying on the New Institutional Economics framework. These theoretical works highlight that institutional environment and governance structures complement each other. We argue that the current reorganization in an attempt to increase the coherence of the institutional arrangement governing the transaction between the Russian state and the private oil companies.

Keywords: Russia; oil industry; institutional coherence (search for similar items in EconPapers)
Date: 2011-09
Note: View the original document on HAL open archive server: https://shs.hal.science/halshs-00631115v1
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Citations: View citations in EconPapers (9)

Published in Energy Policy, 2011, 39 (9), pp.5588-5597. ⟨10.1016/j.enpol.2011.04.053⟩

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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:halshs-00631115

DOI: 10.1016/j.enpol.2011.04.053

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