Economics of the Caspian Oil and Gas Wealth: Companies, Governments, Policies (Euro-Asian Studies)

This book explores the economic challenges involved in managing hydrocarbon wealth in the Caspian region, and looks at how to design an optimal energy policy. The book draws on the Author's experience in dealing with the governments of the region, and her knowledge of the role of major companies in the area. This book focuses on three Caspian economies - Kazakhstan, Azerbaijan and Turkmenistan -- and explores the economic challenges involved in managing hydrocarbon wealth -- ultimately the most important issues facing a resource-rich economy as it develops an exploration and production strategy. The role of the operating companies and the prudential management of hydrocarbon wealth in the Caspian Sea region, are increasingly important topics. And discussions must now begin within government in resource-rich countries with regard to designing optimal energy policies. Exploring the crucial issues of oil and gas wealth in the Caspian region, and drawing on the Author's first-hand experience in dealing with the governments of the region, and her inside knowledge of the role and activities of major companies in the area, this is a unique book that should attract the interest of both scholars and practitioners This Book Focuses On Three Caspian Economies - Kazakhstan, Azerbaijan And Turkmenistan - And Explores The Economic Challenges Involved In Managing Hydrocarbon Wealth - Ultimately The Most Important Issues Facing A Resource-rich Economy As It Develops An Exploration And Production Strategy. The Role Of The Operating Companies And The Prudential Management Of Hydrocarbon Wealth In The Caspian Sea Region, Are Increasingly Important Topics. And Discussions Must Now Begin Within Government In Resource-rich Countries With Regard To Designing Optimal Energy Policies. Exploring The Crucial Issues Of Oil And Gas Wealth In The Caspian Region, And Drawing On The Author's First-hand Experience In Dealing With The Governments Of The Region, And Her Inside Knowledge Of The Role And Activities Of Major Companies In The Area, This Is A Unique Book That Should Attract The Interest Of Both Scholars And Practitioners.--jacket. Pt. I. The Economics Of Caspian Hydrocarbon Development -- 1. Economic Development And Resource Dependence -- 2. The Management Of Hydrocarbon Wealth: National Oil Funds -- Pt. Ii. The Impact Of The Operating Companies -- 3. Major Oil And Gas Projects -- 4. Companies And Governments -- 5. Developing Local Content -- Pt. Iii. Models And Policies For The Future -- 6. Production, Revenues And Transparency -- 7. Policies For Sustainable Development. Yelena Kalyuzhnova. Centre For Euro-asian Studies. Includes Bibliographical References (p. 232-241) And Index.