Oil and Governance

The largest and most systematic analysis of national oil companies to date.

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; Index.