Constraints of foreign investments to subsoil use in Russia

Panov, Ivan

doi:10.1093/jwelb/jwn016

Cited by 2 publications

(1 citation statement)

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“…This law states that proposed foreign investments in 'strategic companies' must be vetted by a special commission chaired by the prime minister. In particular, an investment that leads to a foreign investor's stake of 10% or more in an oil field with reserves of at least 70 million tons, or gas fields with reserves of at least 50 billion cubic meters, or any additional voting shares beyond 10%, is subject to approval by the special commission (Panov 2008). This new law further centralises control of the hydrocarbon sector and the relationships that domestic oil and gas producers build with potential foreign investors.…”

Section: From Pipelines To the Upstreammentioning

confidence: 99%

A Comparative Study of Resource Nationalism in Russia and Kazakhstan 2004–2008

Domjan

Stone

2009

Europe-Asia Studies

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In neighbouring countries like Russia and Kazakhstan, resource nationalism that may look similar to outside observers has a different character and is driven by different circumstances in each state. To assess the underlying nature of state-centric models of resource-led development in the two post-Soviet states, we contrast recent state interventions into their respective resource sectors. In Russia, heightened state involvement in the resource sectors, including oil and gas pipeline networks, is characterised mainly by political goals, whereas Kazakhstan's resource nationalism is primarily motivated by economic goals. More specifically, Russia leverages its energy sector to achieve geopolitical objectives and domestic political stability. By contrast, Kazakhstan seeks widely dispersed economic development.

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Section: From Pipelines To the Upstreammentioning

confidence: 99%