Pumping up : Russian energy and national power

Russia has organized its energy industry similarly to a vertically integrated energy corporation. Not only does Russia possess vast oil and gas reserves, it also has capabilities at every step in the production chain. The execution of Russian energy strategy is incredibly intricate and flows from all points including the state, firms, suppliers, degrees of ownership and transit locales. This work reviews five important aspects of Russia's vertical integration strategy. Firstly, Russia is brining the domestic industry under state control. Secondly, it has pushed out particular types of foreign investment in order to gain control of domestic reserves, their monetization and the development of important projects. Thirdly, Russia seeks to keep resource rich states in its near abroad in its sphere of influence in order to keep their supply within its grasp. Fourthly, it manages relations with neighboring states in possession of transit infrastructure to keep supply routes open to markets. Lastly, it invests abroad in order to increase market presence, cut out middlemen, and further build production chains. Russia expects to strengthen its international position, both economically and geopolitically by undertaking this strategy of vertical integration.

Department dc:contributor.department

Massachusetts Institute of Technology. Dept. of Political Science.

Grantor dc:publisher

Massachusetts Institute of Technology

Year dc:date.issued

2007

Author dc:creator

• Fahy, Nina J. (Nina Jane)

Advisor dc:contributor.advisor

• Kenneth A. Oye.

• Political Science.

Statement dc:rights

• M.I.T. theses are protected by copyright. They may be viewed from this source for any purpose, but reproduction or distribution in any format is prohibited without written permission. See provided URL for inquiries about permission.

Licence dc:rights.uri

• http://dspace.mit.edu/handle/1721.1/7582

Language dc:language.iso

eng

Handle dc:identifier.uri

http://hdl.handle.net/1721.1/43193

OAI identifier oai:identifier

oai:dspace.mit.edu:1721.1/43193