Reforming national oil companies: successes and failures

 
PIIS020736760010593-1-1
DOI10.31857/S020736760010593-1
Publication type Article
Status Published
Authors
Occupation: Senior researcher at the Institute of World Economy and International Relations, Russian Academy of Sciences
Affiliation: Institute of World Economy and International Relations, Russian Academy of Sciences
Address: Russian Federation
Journal nameObshchestvo i ekonomika
EditionIssue 7
Pages99-121
Abstract

The article analyses the key trends in the energy sector reforms that were implemented in Algeria, Angola, Brazil, Colombia, Indonesia, Mexico, Nigeria and Saudi Arabia. The author studies such important aspects of these reforms as the elimination of fuel subsidies, partial privatization of national oil companies, demonopolization of the sector, creation of an independent regulator, and measures aimed at attracting international oil companies. The paper discusses the main drivers of these reforms, reasons for their successes and failures, as well as the implications of the reforms for the national oil companies in these countries.

Keywordsenergy reforms, national oil companies, fuel subsidies, partial privatization, demonopolization, licensing policy, foreign investors
Received14.08.2020
Publication date14.08.2020
Number of characters59588
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