This article is concerned with the current reorganization of the Russian oil industry, i.e. the increasing involvement of state-controlled companies in upstream oil activities. Conversely to the widespread idea that this reorganization is a mere re-nationalization of oil assets explained by...

This article deals with the current change of the institutional and organizational framework of the Russian oil industry. Regarding this evolution, the main characteristic is the increasing involvement of national oil companies in the upstream activities. The point is to explain this...

We discuss and reconcile two diametrically opposed views concerning the future of world oil production and prices. The geological view expects that physical constraints will dominate the future evolution of oil output and prices. It is supported by the fact that world oil production has...