A market-oriented petroleum industry as a prerequisite to Russian economic security
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Authors
Yegge, Gerald P.
Subjects
Advisors
Looney, Robert
Date of Issue
1995-12
Date
December 1995
Publisher
Monterey, California. Naval Postgraduate School
Language
en_US
Abstract
The Russian petroleum industry is facing a critical juncture where expedient reform is necessary immediately. The main focus of this thesis is to account for the primary barriers which hamper the free flow of former Soviet petroleum into international markets and to suggest alternatives to current Russian energy policy. A secondary objective is to scrutinize the United States' foreign policy with respect to the possibility of influencing the augmentation of world petroleum supplies. Preliminary indications suggest that confidence-building measures have been slowly introduced by the Yeltsin administration, but the positive effects have not yet been felt by the petroleum industry. International investment within the Russian petroleum industry has been sluggish at best. Transnational oil companies continue to be reluctant to invest in Russia and the former Soviet Union due to political and economic uncertainty and the high risk of capital loss. The future of the Russian petroleum industry appears promising provided the major barriers (e.g., tax codes, presidential decrees, pipeline construction and maintenance, and capital investment) are directly confronted and not circumvented for political leverage or corrupt economic gains.
Type
Thesis
Description
Series/Report No
Department
National Security Affairs (NSA)
Organization
Identifiers
NPS Report Number
Sponsors
Funding
NA
Format
142 p.
Citation
Distribution Statement
Rights
This publication is a work of the U.S. Government as defined in Title 17, United States Code, Section 101. Copyright protection is not available for this work in the United States.