International Partnership in Russia [electronic resource] : Conclusions from the Oil and Gas Industry /
Henderson, James.author.
Ferguson, Alastair.author.
International Partnership in Russia provides a unique insight into the joint ventures formed by international oil companies in Russia during the post-Soviet era. It outlines the highs and lows in their fortunes and analyses the reasons for their successes and failures.
Description based upon print version of record.
Cover; Contents; List of Figures; List of Tables; Acknowledgements; Note on Transliteration; List of Abbreviations; Conversion Factors; Preface; 1 The Turbulent History of Foreign Involvement in the Russian Oil and Gas Industry; Introduction; The Russian oil and gas industry in a global context; The Russian oil and gas industry from the 19th century until 1930; The Soviet era from 1930 to 1990: Development of the Volga-Urals and West Siberia regions; The oil industry after the collapse of the USSR; Rehabilitation and renewal from 2000
The role of foreign investors in the post-Soviet oil industryConclusions; 2 A Review of Academic Theory on Joint Ventures, Partnership and the Importance of Local Knowledge; Introduction and synopsis; The eclectic paradigm as a framework for discussing FDI; The uniqueness of FDI in the natural resources sectors; Weak state environments and the importance of local knowledge; Local knowledge and the resource- based theory of the firm; Bargaining theory and joint ventures; Overall conclusions - Is this all relevant to Russia today?
Empirical research on the impact of local knowledge in a weak institutional environment such as Russia3 Joint Ventures from the 1990s; Introduction; Case study one; Case study two; Case study three; Overall conclusions; 4 The Key Drivers of Foreign Partner Success - A Quantitative Analysis; Introduction; The survey of joint ventures; The survey results - Initial findings; Foreign partner success and its key catalysts; Overall conclusions on the joint venture survey results; 5 Experiences in the Putin Era; Introduction; The business environment; The competition for knowledge
Foreign partner strategies in a weak institutional environmentConclusions; 6 Reflections on Partnership at TNK-BP; Introduction; A brief history of TNK-BP; A conversation with Alastair Ferguson, former Head of Gas at TNK-BP; The commercial environment and local knowledge; The importance of learning; The shareholder disputes; Conclusions; 7 Conclusions on a Strategy for Foreign Partners; Introduction; An analytical framework for thinking about the Russian business environment; A new model to describe relationships in a weak institutional environment
The importance of learning - A domestic partner objectiveThe importance of foreign partner acquisition of local knowledge; A model to describe foreign partner engagement strategies; A relationship map to underpin the engagement model; Conclusions on the 7R Engagement Model; The possible relevance of a corporate model in partnership strategies; Final conclusions on partnership in a weak institutional environment; Last thought - Russia is not alone in having a weak state environment; Appendices; Appendix 1 Survey Questionnaire for Joint Venture Statistical Analysis
Appendix 2 Statistical Tables to Support Analysis in Chapter 4
Includes bibliographical references and index.
International Partnership in Russia provides a unique insight into the joint ventures formed by international oil companies in Russia during the post-Soviet era. It outlines the highs and lows in their fortunes and analyses the reasons for their successes and failures.
Environmental economics.
Industrial organization.
Regional economics.
Development economics.
International economics.
Economic growth.
Environmental Economics.
Industrial Organization.
Regional/Spatial Science.
Development Economics.
International Economics.
Economic Growth.