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One of the dominant export-oriented industries in Russia, oil is a major source of tax revenue and wealth. The privatization of these vast assets has made the industry a site not only for conflict between power holders but also a strategic target for international corporations and Western governments. In this thoughtful analysis, a group of international specialists explores the political and economic issues and controversies surrounding the oil industry's move to capitalism. The authors examine the spread of crime and corruption, the role of Russian and Western financial institutions, regional tensions, and the international dimension. As a paradigm for the Russian economy as a whole, the case of oil industry provides invaluable insights for understanding the political and economic problems confronting Russia today.
David Lane is reader in sociology and fellow of Emmanuel College, Cambridge University.
Chapter 1 IntroductionPart 2 Part I: The Evolution of the Post-Soviet Oil IndustryChapter 3 Structure and OwnershipChapter 4 Banks and the Financial SectorChapter 5 The Oil Elite: Background and OutlookChapter 6 Corruption and Crime in the Russian Oil IndustryPart 7 Part II: Russian Oil and the RegionsChapter 8 Tiumen, Decentralization and Center-Periphery TensionChapter 9 Federalization and the West Siberian Oil and Gas ProvincePart 10 Part III: International and Foreign Policy ImplicationsChapter 11 Oil, Politics, and Foreign PolicyChapter 12 Russian Interference in the Caspian Sea Region: Dplomacy Adrift
This revealing volume offers considerable insight from the perspective of the oil industry. . . . Well worth reading by all who might seek to understand the reasons behind the underperformance of the Russian economy and society during the 1990s.