Russia does not have to treat Western companies as equal partners. A centralized regime built on a foundation of oil and gas income was never going to relinquish what it saw as sovereign control.
Edward C. Chow
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This paper was written for the joint James A. Baker III Institute for Public Policy/Japan Petrolium Energy Center Policy report, The Changing Role of National Oil Companies in International Energy Markets, published by the James A. Baker III Institute for Public Policy.
Click here to read full report. Click here to read more NOC case studies and related research.
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