| FNI PROJECTS
The Energy Complex and Russian Political and Economic
Despite the proclaimed goal of 'modernization'
and emphasis on developing knowledge-based sectors, Russia is still critically
dependent on the output from its energy sector, first of all the oil and gas
industries. Today, control over financial flows generated by the export of
hydrocarbons has turned into the central issue of the internal political
struggle concentrated inside the presidential administration. In this respect,
the attack on Yukos launched in mid-2003 marked a watershed in Putin's
presidency. The interpenetration of energy and politics has reached such
intensity that it appears quite certain that the oil and gas sector will play a
crucial role in determining the outcome of the transition to a post-Putin
political and economic system. Simultaneously, the energy complex will be
strongly affected by broader political and economic developments.
primary goal of this project is to contribute to a better understanding of the
impact of Russian political and economic developments on the energy complex and
vice versa. The project will also contribute to expanding Norwegian expertise
on key matters related to the political profile of Russia's energy complex and
stimulate closer cooperation between the five participating
In the sub-project carried out at FNI, the main hypothesis
put forward is that concerns for development of the resource base will play a
role in the continuing development of Russian energy policy, and that it is
likely that the present policy of strong direct state involvement will fail to
deliver. This may in turn lead to a re-assessment of policies with regard to
private Russian companies as well as the role of foreign oil companies in
Russia. However, other driving forces, as mentioned above, will also have to be
considered in the final analysis.
and Arild Moe, 'Russia's Oil Industry:
Risk Aversion in a Risk-Prone Environment'. Eurasian Geography and
Economics, Vol 48, No 3, 2007, pp. 341-357.
|Related focal points of
Arctic and Russian
Norwegian Ministry of Petroleum and