Governments in extraction countries are anxious to estimate expected investment in development projects, since they represent an essential element of the macro economy. The overall level of activity is also crucial to oil companies, since the macro picture affects cost levels, the supplies...

A metamodel, derived from the strategic management literature, provided a framework for an eclectic and structured empirical analysis of the globalisation potential of the Russian oil industry and the implications for the international oil industry. A series of interviews were undertaken with...