This study seeks to investigate how and why state capitalism developed in China and Russia in the oil and gas sectors and explain why two countries that have contrasting energy-security challenges use state capitalism to solve them. It argues that state control over the oil and gas sectors has...

The sale of publicly-owned oil, gas and minerals can have a significant impact on the development trajectory of resource-rich developing and emerging economies due to the large volume of commodities sold and the amount of money involved. Therefore, getting the buyer selection process right is a...

This paper investigates the existence of ownership effects in the global oil and gas industry, i.e. whether there are systematic performance and efficiency differentials between National Oil Companies (NOCs) and privately-owned International Oil Companies (IOCs). After discussing key issues of...