Economics of the Caspian Oil and Gas Wealth

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.

YELENA KALYUZHNOVA is the Director of the Centre for Euro-Asian Studies and a Lecturer in the Economics Department at the University of Reading, UK. Her academic background includes research on transitional economies and macroeconomic issues. Dr Kalyuzhnova is the author of the first major study of the Kazakhstani economy (1998). She has contributed to a wide variety of economic studies for international organisations.

List of Tables, Figures, Boxes and Maps	p. viii
Foreword	p. xi
List of Abbreviations	p. xiii
Introduction	p. 1
The Economics of Caspian Hydrocarbon Development	p. 5
Economic Development and Resource Dependence	p. 7
The Management of Hydrocarbon Wealth: National Oil Funds	p. 44
The Impact of the Operating Companies	p. 67
Major Oil and Gas Projects	p. 69
Companies and Governments	p. 92
Developing Local Content	p. 136
Models and Policies for the Future	p. 169
Production, Revenues and Transparency	p. 171
Policies for Sustainable Development	p. 194
Conclusion	p. 220
References	p. 232
Index	p. 242
Table of Contents provided by Ingram. All Rights Reserved.

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