000			04115cam a2200529 i 4500
001			9781003025283
003			FlBoTFG
005			20240213122823.0
006			m o d
007			cr |||||||||||
008			210506s2022 enk ob 001 0 eng
040			_aOCoLC-P _beng _erda _cOCoLC-P
020			_a9781000467154 _q(epub)
020			_a1000467155
020			_a9781003025283 _q(ebook)
020			_a1003025285
020			_a9781000467079 _q(electronic bk. : PDF)
020			_a1000467074 _q(electronic bk. : PDF)
020			_z9780367860141 _q(hardback)
020			_z9781032119267 _q(paperback)
035			_a(OCoLC)1250432166
035			_a(OCoLC-P)1250432166
050	0	0	_aHD9560.5
072		7	_aBUS _x035000 _2bisacsh
072		7	_aBUS _x070040 _2bisacsh
072		7	_aBUS _x041000 _2bisacsh
072		7	_aKJK _2bicssc
082	0	0	_a338.2/7282 _223
100	1		_aNoreng, Øystein, _d1942- _eauthor.
245	1	4	_aThe oil business and the state : _bnational energy companies and government ownership / _cØystein Noreng.
264		1	_aAbingdon, Oxon ; _aNew York, NY : _bRoutledge, _c2022.
300			_a1 online resource.
336			_atext _btxt _2rdacontent
337			_acomputer _bc _2rdamedia
338			_aonline resource _bcr _2rdacarrier
490	0		_aRoutledge studies in international business and the world economy ; _v80
505	0		_aState or Market? -- Both or Neither? -- A Brief Historical Overview -- The First Wave: Colonial Oil Importers -- The Second Wave: Oil Exporters -- The Third Wave: Russia And China In The 21st Century -- Intentions And Design -- Capturing Economic Rent -- Oil Risk, Business Culture And Governance -- Conflictual Interaction -- Follow The Mone.
520			_a"National oil companies are big business with about eighty percent of the world's proven oil reserves, and they are crucial to the world's energy supplies. They are giants, some of the world's largest companies, measured by market capitalisation, cash-flow and investment. Little is known about their modus operandi, how they make decisions about investment and production, or about relations with their government owners. However, it is known that they conduct business with a political mandate, often with multiple long-term objectives, broadly defined and hard to quantify. Unclear mandates give national oil companies leeway to pursue their own distinctive interests, apart from those of the government owner. As investors, governments are less zealous than private investors. They generally observe multiple objectives, not only return on capital. Therefore, the senior management of national oil companies enjoy more discretionary power and consider longer time horizons than their counterparts in the private sector. The Oil Business and the State explains the practice of state ownership in a capital-intensive industry with high risks and high return, and how these companies act in a market with imperfect competition. This book looks to give readers more insight into the oil industry, into the background of oil exporting countries, as well as the economic and political challenges confronting them, including problems of state ownership. The book discusses wider consequences of China replacing the United States as the world's leading oil importer. It will be of interest to researchers, academics, and students in the fields of international business, management history, corporate governance, political economy and economic development of oil rich countries"-- _cProvided by publisher.
588			_aOCLC-licensed vendor bibliographic record.
650		0	_aPetroleum industry and trade _xGovernment policy.
650		0	_aInternational business enterprises.
650		7	_aBUSINESS & ECONOMICS / International / General _2bisacsh
650		7	_aBUSINESS & ECONOMICS / Industries / Energy Industries _2bisacsh
650		7	_aBUSINESS & ECONOMICS / Management _2bisacsh
856	4	0	_3Taylor & Francis _uhttps://www.taylorfrancis.com/books/9781003025283
856	4	2	_3OCLC metadata license agreement _uhttp://www.oclc.org/content/dam/oclc/forms/terms/vbrl-201703.pdf
999			_c4669 _d4669