Title

Case Study of Slavneft

Author First name, Last name, Institution

Li-Chen Sim

Document Type

Book Chapter

Source of Publication

The Rise and Fall of Privatization in the Russian Oil Industry

Publication Date

1-1-2008

Abstract

Following Putin's victory in the presidential elections of March 2000, he defined a new modus operandi for relations between the state and big business. Accordingly, in exchange for the withdrawal from politics of big business, the latter could retain property that had been acquired through questionable means. Representatives of big business would no longer receive any preferential treatment from the state, and their interactions with state officials would take place through formal, institutionalized channels instead of through biased, personal relationships. In this regard, it was expected that privatization under Putin would be qualitatively different from that under Yel'tsin. Indeed, the first major privatization under Putin, the sale of ONAKO oil company in September 2000, was hailed as the 'best privatisation Russia "¦ had'1 until then, given that it was 'honest, open and absolutely competitive'2 and based on 'a competition between financial proposals'3 instead of political connections.

Publisher

Palgrave Macmillan UK

First Page

76

Last Page

98

Disciplines

Business

Indexed in Scopus

no

Open Access

no

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