International Partnership in Russia: Conclusions from the Oil and Gas Industry - Hardcover

Russia offers a fascinating example of the contrast between the attractions of a vast hydrocarbon resource base to major oil and gas companies and the problems that can be encountered in trying to invest in it. International Partnership in Russia provides a unique insight into the joint ventures which have been formed between domestic and international partners 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, developing an original theory on the bargaining relationship between foreign and domestic partners in a weak institutional environment such as Russia. It provides a new strategy for partner engagement based on theoretical analysis, interviews with key players and the experiences of one of the authors at Russia's largest international partnership to date, TNK-BP. This book will be indispensable reading for energy economists, senior executives at oil and gas companies with exposure to Russia and other countries where local knowledge is vital for success, as well as for finance practitioners working in energy markets.

James Henderson has more than 25 years of experience in the oil and gas industry as a commercial manager, consultant, investment banker and in his current role as a Senior Research Fellow at the Oxford Institute for Energy Studies, UK. He has written numerous papers and articles on the Russian oil and gas sector and is a frequent speaker at industry conferences. He has been analysing Russia for the past 17 years and spent 5 years living in Moscow in the late 1990s.
 
Alastair Ferguson has worked in the oil and gas industry for more than 30 years, most recently for 8 years as the Head of Gas for TNK-BP in Moscow. He continues to live and work in Moscow as an advisor on energy issues to a range of financial and corporate clients. He is also a Non-Executive Director of JKX Oil and Gas and Kazmunaigas.