Contradiction of space, centralization of capital, and the hybrid state oil company: The case of Russia

2008 ◽  
Vol 1 (2) ◽  
pp. 59-71 ◽  
Author(s):  
Mazen Labban
Keyword(s):  
Oil Industry ◽  
The State ◽  
State Control ◽  
Hybrid State ◽  
Oil Companies ◽  
National Oil Companies ◽  
Russian State ◽  
And Control ◽  
Oil Company ◽  
A New Species

A new species of capital has emerged from the development of inter-capitalist competition in the oil industry. Oil-producing states have fused with financial and productive/extractive capital, foreign and domestic, into hybrid state oil companies. These are centralized monopolies that transcend the historical geographical opposition between private transnational oil companies and national oil companies. As partially nationalized state monopolies, they allow oil-producing states access to global capital markets, while retaining the control of the state over the flow of foreign capital into the domestic oil industry. They thus mediate the contradiction between the integration of capital at the transnational level and its territorial fragmentation at the national scale, only to internalize it in the process. I examine this process in the case of the ongoing consolidation of the Russian oil industry under state control, focusing on two inter-related contradictions: an attempt by the Russian state to liberalize the oil industry, yet shield it against the expansion and control of foreign oil companies; and the dependence of the state on foreign financial capital in the very process of consolidating control over the oil industry.

scholarly journals Derechos de propiedad, compañías petroleras, Estado y renta en Venezuela

2010 ◽  
Vol 53 ◽  
Author(s):  
Jesús Mora Contreras
Keyword(s):  
Property Rights ◽  
Oil Industry ◽  
The State ◽  
Oil Companies ◽  
National Oil Companies ◽  
Doing Business ◽  
History Of ◽  
The Way

RESUMEN: Este artículo muestra que las compañías petroleras internacionales han estado haciendo negocios en Venezuela durante más de cuatro quintas partes de casi un siglo de historia de la industria petrolera en este país (1917-2009). Muestra también que lo que ha cambiado para ellas a lo largo del tiempo es la manera de hacer negocios en la industria petrolera venezolana, valga decir, los términos y condiciones de acceso a las actividades de exploración y producción que les ha impuesto el propietario del recurso natural, relacionados particularmente con el reparto de la renta petrolera internacional. El artículo, dividido en cuatro secciones, es una síntesis de la historia del derecho de propiedad del subsuelo, de las compañías petroleras, del Estado y de la renta petrolera internacional en Venezuela desde 1920 hasta el presente. ABSTRACT: This paper shows that in almost a century of history of the Venezuelan oil industry (1917-2009), International Oil Companies (IOCs) have been doing business in this country for just more than fourth fifth of this period (74/92 years). It shows too that during that time, what has been changing in this country for the oil companies, IOCs or National Oil Companies (NOCs), is the way of doing business in the upstream of the oil industry: the terms and conditions of the owner of the underground property rights. Terms and conditions mean in this context how much of the oil generated rents in the underground public and national property rights goes to the pockets of the oil companies and government. This paper summarizes the history of the underground property rights, oil companies, the State, and rent in Venezuela from 1920 up to the present.

Doubling Down

2018 ◽  
Author(s):  
Patrick R. P. Heller
Keyword(s):  
Oil And Gas ◽  
Risk Mitigation ◽  
State Control ◽  
Economic Returns ◽  
Oil Companies ◽  
National Oil Companies ◽  
Oil Sector ◽  
Oil Company ◽  
Careful Assessment

Many governments have successfully employed state-owned enterprises to exert state control over their oil and gas sectors and capture a larger share of rewards from the industry. However, relying heavily on a national oil company requires adapting to certain challenges for the management of the oil sector and governance of the broader economy. This chapter argues that governments should base decisions concerning the role of a national oil company on a careful assessment of the size of the potential rewards and the state’s tolerance for associated risks. It then examines the most important risk mitigation techniques that governments have used to increase the likelihood that their national oil companies will deliver strong economic returns and remain accountable to citizens.

MONITORING OF GOODS TURNOVER AS A SPECIAL FORM OF STATE CONTROL

2021 ◽  
pp. 108-113
Author(s):  
E. G. Kovalenko
Keyword(s):  
Information System ◽  
Special Form ◽  
The State ◽  
State Control ◽  
Information Function ◽  
State Information ◽  
Control Functions ◽  
And Control

The article studies the features of monitoring of goods turnover, including marking of goods, as well as turnover in the state information system of monitoring over turnover of goods involved in the relations of the operator issuing the codes, marking, collecting information, its storage and provision. The marking functions are defined: the function of analysis of wholesale and retail turnover, information function, identifying and control functions

scholarly journals TAX POLICY OF THE STATE IN THE OIL INDUSTRY AS AN INSTRUMENT OF ENSURING FINANCIAL SAFETY OF THE RUSSIAN FEDERATION IN THE PERIOD OF AN UNSTABLE ECONOMIC AND POLITICAL COUNTRY SITUATION

2017 ◽  
Vol 13 (1-2) ◽  
pp. 97-101
Author(s):  
Elena N Gorbunova
Keyword(s):  
Russian Federation ◽  
Tax Reform ◽  
Oil Industry ◽  
The State ◽  
Oil Companies ◽  
First Results ◽  
The Russian Federation ◽  
Ministry Of Finance ◽  
Oil Sector ◽  
Effective Result

Oil extraction taxation in our country was and remains a subject of special discussion. This article deals with actual problems of the taxation of the entities of an oil sector in the conditions of financial crisis, the sanctions imposed against Russia and the low prices of oil are considered. The object of research are topical issues of the taxation of the oil industry, in particular the mechanism of the taxation of the added income of the oil companies. The main options of tax mechanisms offered by the Ministry of Finance of the Russian Federation and the Ministry of Energy of the Russian Federation are considered and also opinions of heads of the largest oil companies of the Russian Federation of rather operating system of the taxation of the oil industry are analyzed. The special attention is paid to the analysis of the first results of the carried-out tax reform concerning entering of tax maneuver as one of the main mechanisms of financial safety of the state. The main conclusions of research is that receipt of effective result requires system work concerning reform of the taxation of the oil industry, a phased transition from tax maneuver to the taxation of the added income of the oil companies.

scholarly journals National oil companies: business models, challenges, and emerging trends

2013 ◽  
Vol 11 (1) ◽  
pp. 713-722 ◽  
Author(s):  
Saud M. Al-Fattah
Keyword(s):  
Business Models ◽  
Joint Venture ◽  
Oil And Gas ◽  
Oil Companies ◽  
National Oil Companies ◽  
Emerging Trends ◽  
Challenges And Opportunities ◽  
Oil Company ◽  
Gas Supply

This paper provides an assessment and a review of the national oil companies’ (NOCs) business models, challenges and opportunities, their strategies and emerging trends. The role of the national oil company (NOC) continues to evolve as the global energy landscape changes to reflect variations in demand, discovery of new ultra-deep water oil deposits, and national and geopolitical developments. NOCs, traditionally viewed as the custodians of their country’s natural resources, have generally owned and managed the complete national oil and gas supply chain from upstream to downstream activities. In recent years, NOCs have emerged not only as joint venture partners globally with the major oil companies, but increasingly as competitors to the International Oil Companies (IOCs). Many NOCs are now more active in mergers and acquisitions (M&A), thereby increasing the number of NOCs seeking international upstream and downstream acquisition and asset targets

scholarly journals Learning from Failure: China's Overseas Oil Investments

2013 ◽  
Vol 42 (1) ◽  
pp. 131-165 ◽  
Author(s):  
Susana Moreira
Keyword(s):  
Risk Management ◽  
Raw Materials ◽  
Political Risk ◽  
Oil Industry ◽  
The Political ◽  
Oil Companies ◽  
National Oil Companies ◽  
Learning From Failure ◽  
Recent Developments ◽  
Poor Management

Thirsty for oil and other raw materials needed to fuel its breakneck development, China is funnelling money and manpower into an expanding number of countries in order to secure access to natural resources. This effort has successfully increased Chinese oil assets overseas but it has also exposed Beijing and Chinese national oil companies (NOCs) to significant risks. The present paper focuses on one type of risk – political risk – and how it has affected China's global quest for oil since 1993. It starts with a brief overview of political risk. It then looks at political risk management as applied to the oil industry in general. The paper continues with a discussion of the political risk management of Chinese national oil companies over time. This includes a concise examination of several instances in which the interests of Chinese NOCs have been undermined due to poor management of political risk. Recent developments suggest that Chinese NOCs are learning from these mistakes and adjusting their strategies accordingly. Still China's own socio-political context continues to hamper the ability of Chinese NOCs to deal with on-the-ground realities that are clearly much more unstable than their own.

scholarly journals Formation of anti-corruption legal consciousness of state and municipal officials of Russia

2019 ◽  
Vol 70 ◽  
pp. 11005
Author(s):  
Svetlana Kuzina ◽  
Inga Sagiryan ◽  
Gleb Fomin
Keyword(s):  
Modern Society ◽  
The State ◽  
Legal Consciousness ◽  
State Control ◽  
Ruling Class ◽  
Ruling Elite ◽  
Russian State ◽  
Slow Moving ◽  
Control Of Corruption ◽  
Moving Process

The article is devoted to the state of public legal consciousness of society as a whole, and one of its strata – the governing elite, state and municipal officials, regarding issues related to corruption in Russia. On the way of movement of the Russian state to the civilized principles of construction of modern society there are a lot of difficulties, which should be overcome both by the state power, and the Russian citizens. Such problems are: stereotypical thinking, traditionally forming a neutral and tolerant attitude of Russians to the manifestations of corruption; lack of strict state control of corruption actions of the ruling elite; resistance of the ruling class to the spread of international requirements for the state to fight against corruption, and so on. Bringing Russian anti-corruption legislation into requirements of compliance with the rule of law is a slow-moving process, but the need to improve it has become an urgent need not only for the Russian Federation, but also for the Supreme power.

Studying the History of the State Control in the Russian Empire During the Period of the Duma Monarchy

2020 ◽  
pp. 29-38
Author(s):  
Ziqiu Chen ◽  
Keyword(s):  
20Th Century ◽  
Russian Empire ◽  
The State ◽  
State Control ◽  
State Institutions ◽  
Imperial Period ◽  
Russian State ◽  
History Of ◽  
The Russian Empire ◽  
Council Of Ministers

After the establishment of constitutional monarchy in Russia as a result of the 1905–1906 reforms, the position of the Russian State Control (imperial audit service) changed. Formerly relatively independent, the State Control, whose head was directly accountable to the Emperor, now found itself in the united government, i.e. the Council of Ministers. The undermined independence of the State Control provoked a wide public discussion, which involved Duma deputies, employees of the State Control as well as competent Russian economists and financial experts, who made relevant recommendations calling for reducing the number of state institutions that were unaccountable to the audit service and giving the latter more independence. This paper analyses the key works of pre-revolutionary authors published in the early 20th century and devoted to the history of the State Control of the Russian Empire. Both in the imperial period and today, the Russian audit institution, in contrast with political, historical and military topics, has been of primary interest not to historians, but to economists, financiers and lawyers, since it requires special knowledge of the State Control’s technical mechanisms. Based on this, the author selected the following works that require thorough examination: How People’s Money Is Spent in Russia by I.Kh. Ozerov, On the Transformation of the State Control by Yu.V. Tansky, an official anniversary edition State Control. 1811–1911, and Essays on the Russian Budget Law. Part 1 by L.N. Yasnopolsky. The author of this article considers these works to be the highest quality studies on the Russian State Control at the beginning of the 20th century and their analysis to be of unquestionable importance for contemporary research into the history of the Russian audit institution.

Understanding Oil Company – Community Conflicts in the Niger Delta (Nigeria)

2007 ◽  
Author(s):  
Ibaba Ibaba
Keyword(s):  
Distribution System ◽  
Niger Delta ◽  
Oil Industry ◽  
Oil Companies ◽  
Productivity Losses ◽  
The People ◽  
Public Resources ◽  
Revenue Allocation ◽  
Oil Wealth ◽  
Oil Company

This paper examines the contradictory realities that have thrown up the conflicting relationship between oil companies and oil producing communities in the Niger Delta of Nigeria. To achieve this objective, the paper, after the introduction which provides the background and framework of analysis, situated the conflict in its political setting. It established that the privatization and ethnicisation of politics in Nigeria, has resulted to a resource distribution system that alienates Oil Producing Communities from the oil wealth. State legislations on the oil industry and manipulations of the revenue allocation system have made this possible. The article demonstrates that although the causes of the conflicts are complex and interrelated, material deprivation is central to the conflicts. It highlights oil based environmental degradation induced productivity losses and occupational disorientation, inadequate compensation for damages caused by oil industry activities, poor channels of communication by the oil companies, failed community development programmes of the oil companies, among others as causes of the conflicting relationship. The paper notes that current policies have not addressed these factors that motivate conflict. In addition to compensation, the paper suggests the integration of the people into the oil economy, and the direction of public resources to public good as the likely solution.

scholarly journals Bureaucratic Politics and Overseas Investment by Chinese State-Owned Oil Companies: Illusory Champions

Asian Survey ◽  
2009 ◽  
Vol 49 (4) ◽  
pp. 670-690 ◽  
Author(s):  
Chih-shian Liou
Keyword(s):  
International Relations ◽  
The State ◽  
Bureaucratic Politics ◽  
Oil Companies ◽  
National Oil Companies ◽  
Overseas Investment ◽  
Chinese State ◽  
Overseas Expansion

From the state-centered perspective, China's hunt for foreign energy deals has generated increasing uneasiness in international relations. By exploring Chinese national oil companies' overseas expansion, this study finds that Chinese bureaucratic fragmentation in the context of the state's changing relationship with state-owned enterprises has greater impact on firms' offshore ventures than the state-centered perspective contends.

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