List of figures .............................................. viii
List of tables ................................................ xiv
List of boxes ................................................. xvi
List of contributors ......................................... xvii
Acknowledgements ............................................ xviii
Part I Introduction ............................................. 1
1 Introduction and overview .................................... 3
DAVID G. VICTOR, DAVID R. HULTS, AND VlARK C. THURBER
Part II Thematic studies of national oil companies ............. 33
2 The political economy of expropriation and privatization
in the oil sector ........................................... 35
CHRISTOPHER WARSHAW
3 Hybrid governance: state management of national oil
companies ................................................... 62
DAVID R. HULTS
4 On the state's choice of oil company: risk management
and the frontier of the petroleum industry ................. 121
PETER A. NOLAN AND MARK C. THURBER
Part III National oil company case studies .................... 171
5 Saudi Aramco: the jewel in the crown ....................... 173
PAUL STEVENS
6 Oil, monarchy, revolution, and theocracy: a study on the
National Iranian Oil Company (NIOC) ........................ 234
PAASHA MAHDAVI
7 Handcuffed: an assessment of Pemex's performance and
strategy ................................................... 280
OGNEN STOJANOVSKI
8 Kuwait Petroleum Corporation (KPC): an enterprise in
gridlock ................................................... 334
PAUL STEVENS
9 China National Petroleum Corporation (CNPC): a balancing
act between enterprise and government ...................... 379
BINBIN JIANG
10 Petróleos de Venezuela, S.A. (PDVSA): from independence
to subservience ............................................ 418
DAVID R. HULTS
11 Awakening giant: strategy and performance of the Abu
Dhabi National Oil Company (ADNOC) ......................... 478
VARUN RAI AND DAVID G. VICTOR
12 Brazil's Petrobras: strategy and performance ............... 515
ADILSON DE OLIVEIRA
13 Sonatrach: the political economy of an Algerian state
institution ................................................ 557
JOHN P. ENTELIS
14 Norway's evolving champion: Statoil and the politics of
state enterprise ........................................... 599
MARK C. THURBER AND BENEDICTE TANGEN ISTAD
15 Gazprom: the struggle for power ............................ 655
NADEJDA VICTOR AND INNA SAYFER
16 NNPC and Nigeria's oil patronage ecosystem ................. 701
MARK C. THURBER, IFEYINWA M. EMELIFE, AND PATRICK
R.P. HELLER
17 Fading star: explaining the evolution of India's ONGC ...... 753
VARUN RAI
18 Petronas: reconciling tensions between company and state ... 809
LESLIE LOPEZ
19 Angola's Sonangol: dexterous right hand of the state ....... 836
PATRICK R.P. HELLER
Part IV Conclusions and implications .......................... 885
20 Major conclusions and implications for the future of the
oil industry ............................................... 887
DAVID G. VICTOR, DAVID R. HULTS, AND MARK C. THURBER
Part V Appendices ............................................ 929
Appendix A: our assessments of NOC performance ................ 931
DAVID G. VICTOR, DAVID R. HULTS, AND MARK C. THURBER
Appendix B: assessing NOC performance and the role of
depletion policy ........................................... 940
PAUL STEVENS
References .................................................... 946
Index ........................................................ 1000
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