This book examines the development of the Russian economy from tsarist times to the present through the lens of the oil industry. It considers the role of the state, business-state relations, foreign participation, enterprise performance and technology. Besides providing much rich detail on the changing nature of the oil industry, the book also puts forward important conclusions, including the fact that in the late nineteenth century private enterprise rather than the state was the principal driver of economic development, and that after the collapse of the Soviet Union incumbent managers were more effective in running their companies than financier entrants, whose main concern was short-term gain.
Table of Contents
2. The late-tsarist oil industry, 1861-1917
3. The Soviet oil industry, 1917-1991
4. The post-Soviet oil industry, 1992-2016
Nat Moser has over 20 years' experience analysing the Russian oil sector from an academic and investment perspective. He completed his doctorate at the University of Manchester, and post-doctoral research at University College London and has advised some of the largest foreign equity investors into the sector. He is currently a director of two companies working in the field of oil and gas exploration and production.