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This article tries to shed light on why gas relations between the EU and Russia, which were previously stable, have … structuring this sector. The model of vertically unbundled network industries promoted by the EU is no longer the one that Russia … a context where the economic stakes are very high. For the EU and its gas companies, access to Russia's hydrocarbon …
Persistent link: https://www.econbiz.de/10011025535
The Russian gas sector is undergoing significant changes which is opening the way for an original reform. Because of the particular institutional and economic context of the country, this reorganisation is not taking place along the lines of the de-integrated model of the EU. It is characterised...
Persistent link: https://www.econbiz.de/10010690221
The Russian gas sector is undergoing significant changes which is opening the way for an original reform. Because of the particular institutional and economic context of the country, this reorganisation is not taking place along the lines of the de-integrated model of the EU. It is characterised...
Persistent link: https://www.econbiz.de/10010821054
Russia is the world's leading gas producer. But reforming the gas industry is currently one of the major challenges …
Persistent link: https://www.econbiz.de/10008793296
This paper deals with the current change of the institutional and organizational framework of the Russian oil industry. Regarding this evolution, the main characteristic is the increasing involvement of national oil companies in the upstream activities. The point is to explain this...
Persistent link: https://www.econbiz.de/10011025866
factor, the State intends to use Russia's oil power in this international relationships with the United States, Europe and … of the international oil market. Could Russia produce 12 Mb/d and challenging the dominant position of the Saudi Arabia? …
Persistent link: https://www.econbiz.de/10008790535
This article is concerned with the current reorganization of the Russian oil industry, i.e. the increasing involvement of state-controlled companies in upstream oil activities. Conversely to the widespread idea that this reorganization is a mere re-nationalization of oil assets explained by...
Persistent link: https://www.econbiz.de/10008792488
This article deals with the current change of the institutional and organizational framework of the Russian oil industry. Regarding this evolution, the main characteristic is the increasing involvement of national oil companies in the upstream activities. The point is to explain this...
Persistent link: https://www.econbiz.de/10008793298
This paper shows that dominant firms may wish to encourage competition in vertically-related markets. It shows that firms' incentives to vertically integrate other firms depends on the competitive environment.
Persistent link: https://www.econbiz.de/10010535378
This paper illustrates the effect of market size on the decision of whether or not firms should vertically integrate or disintegrate. We use a model of two successive stages of production with Cournot competition in each stage. In this model, firms choose to specialize (either upstream or...
Persistent link: https://www.econbiz.de/10008927077