Oil
Paragraphs

This study, which is part of a larger research project on state-controlled hydrocarbon resources, looks at the strategy, evolution and performance of Gazprom, Russia's largest state company. It explores the critical role that Gazprom plays in the Russian economy, as well as its growing and evolving role as an instrument of state.

Section 1 provides an overview of the Russian oil and gas sectors, with special attention to the history of gas as a Soviet ministry's the period when nearly all of Gazprom's legacy assets in gas fields and pipelines were developed.

Section II focuses on Gazprom as an organization, including its structure, revenues, and its activities within Russia, Western Europe and overseas. As the study makes clear, Gazprom is far more than the world's largest gas company. It is a monopoly controlled by the Kremlin, serving both economic and political agendas, as well as a multidimensional investment enterprise seeking a larger role on the world stage.

Section III looks at the "yin and yang" of Gazprom and the state, and the reasons for early privatization efforts following the demise of the Soviet Union, as well as the current "re-nationalization" of the oil and gas sectors as world prices have risen.

All Publications button
1
Publication Type
Working Papers
Publication Date
Journal Publisher
Program on Energy and Sustainable Development Working Paper #71
Authors
Nadejda M. Victor
-

Drell Lecture Recording: NA

 

Drell Lecture Transcript: 

 

Speaker's Biography: Steven E. Koonin has served as chief scientist of BP, the world's second largest independent oil company, since 2004. As chief scientist, Koonin is responsible for BP's long-range technology plans and activities, particularly those "beyond petroleum." He also has purview over BP's major university research programs around the world and provides technical advice to the company's senior executives. In 1975, he joined the faculty of Caltech, became a full professor in 1981, and served as provost from 1995 to 2004.

Koonin is a fellow of the American Physical Society, the American Association for the Advancement of Science, and the American Academy of Arts and Sciences, as well as a member of the Council on Foreign Relations and the Trilateral Commission. He has served on numerous advisory bodies for the National Science Foundation, the U.S. Department of Defense, and the Department of Energy and its various national laboratories. His research interests have included theoretical nuclear, many-body, and computational physics, nuclear astrophysics, and global environmental science. Koonin received his B.S. in physics at Caltech and his Ph.D. in theoretical physics from M.I.T.

Frances C. Arrillaga Alumni Center

Steven E. Koonin Chief Scientist Speaker BP
Lectures
News Type
News
Date
Paragraphs
Since 2002, Venezuelan President Hugo Chavez has dramatically reshaped the national oil company, PDVSA, to align it with his goals. PESD researcher David Hults probes current-day PDVSA through three lenses: as a large and growing source of government income, as an instrument of state objectives, and on the merits of its business plan.
All News button
1
News Type
News
Date
Paragraphs
State-owned ("national") oil companies, or NOCs, now control the vast majority of world oil and gas reserves. PESD research fellow Nadejda Victor's statistical analysis of NOC performance and strategy as compared with international oil companies suggests that "Who" controls the oil can be a more important question than "How Much" oil there is.
All News button
1
-

Michael Ross received his Ph.D. in Politics from Princeton University in 1996. From 1996 to 2001 he was an Assistant Professor in the Political Science Department at the University of Michigan, Ann Arbor. He spent the 2000 calendar year as a Visiting Scholar at the World Bank in Washington, D.C., and Jakarta, Indonesia. He is now an Associate Professor of Political Science at UCLA; and also the Chairman of the International Development Studies program, and Acting Director of the Center for Southeast Asian Studies.

Encina Ground Floor Conference Room

Michael Ross Associate Professor of Political Science Speaker University of California, Los Angeles
Seminars
Paragraphs

Petróleos de Venezuela, S.A. (PDVSA), the national oil company (NOC) of Venezuela, is a major energy producer. Vertically integrated, the company conducts large-scale domestic exploration and production activities in both oil and natural gas, operates domestic and international refining facilities, and sells gasoline products to consumers both at home and abroad.

The Venezuelan government has relied on PDVSA to fund and implement a heavily interventionist strategy with several aims. The influx of large hydrocarbon revenues has funded Venezuelan government projects to improve social conditions, particularly for the poor. These revenues have also enabled the government to cement patronage networks and nationalize those economic sectors that might otherwise threaten its rule.

This study provides a descriptive account of how the company operates under the considerable mandates of the Venezuelan state including a brief history of PDVSA, chronicling its development from nationalization, a snapshot of PDVSA as a company today, describing its production, refining, and other operations. Following these preliminaries, the study concentrates on PDVSA's framework today, suggesting three models: PDVSA as a government revenue-provider, implementer of political objectives, and viable business. The paper also outlines PDVSA's role as an important revenuecollecting actor for the Venezuelan government and how PDVSA has become an implementing agent for the state, delivering revenues to government-selected beneficiaries and making business decisions in support of government objectives. Finally, the paper addresses PDVSA as a business.

All Publications button
1
Publication Type
Working Papers
Publication Date
Journal Publisher
Program on Energy and Sustainable Development Working Paper #70
Authors
David Hults

The PESD's 2007 Annual Review Meeting, which will be held November 13-14, 2007 at Stanford University, provides the opportunity to take a look at major issues in the world's energy system, as well as PESD's current research and plans for the future.

PESD is a growing international research program that works on the political economy of energy. We study the political, legal, and institutional factors that affect outcomes in global energy markets. Much of our research has been based on field studies in developing countries including China, India, Brazil, South Africa, and Mexico.

At present, PESD is active in four major areas: climate change policy, energy and development, the emerging global natural gas market, and the role of national oil companies.

We have made available the agenda with more detail on the event. The substance of the workshop will begin at 1pm on Tuesday, November 13, with an overview of the program. Then we will focus the rest of the time on a few main research topics, discussing the current state of research for each as well as our plans for the future. We also anticipate discussion of areas where PESD can better collaborate with other institutions. The meeting ends at 1pm on Wednesday, November 14.

Schwab Center
680 Serra Street
Stanford, CA 94305-6090

Conferences
Authors
News Type
Q&As
Date
Paragraphs
Clean coal is a possible answer for China and India, says Jeremy Carl, a PhD student in the Interdisciplinary Graduate Program in Environment and Resources at Stanford and a fellow at the Program on Energy and Sustainable Development (PESD). Carl describes clean coal options from desulfurization to integrated gasification-combined-cycle (IGCC) plants to carbon capture and sequestration.

Coal is dirty. But coal is driving the U.S., Chinese and Indian economies. And therefore, coal is not going away. Renewable energy sources like solar and wind generate only 1 percent of the world's electricity. Do the math: Making coal burn cleaner might be the most pressing environmental problem that no one talks about.

Despite recent estimates that pollution from China's booming coal industry reaches U.S. shores in as little as five days, the green-tech investment boom that has funded the rise of biofuels has bypassed coal. Even the head of the World Coal Institute recently proclaimed the last 10 years "a lost decade" for clean coal, saying it's time to play catch-up.

Stanford's Jeremy Carl, a research fellow in the Program on Energy and Sustainable Development, couldn't agree more. He spoke on the phone with Wired News to discuss China, the holy grail of clean coal and how many coal plants he'd trade for Kyoto's accomplishments.

Stanford research fellow Jeremy Carl says, "Coal is as dirty as it gets," but warns against throwing the possibly cleaned-up baby out with the dirty bathwater.

Wired News: Why'd you get into clean coal?

Jeremy Carl: I looked at the numbers. It's a question of where the big sources of emissions are and where we can attack them.

WN: Can you give us an idea of the scale of coal power? Can you put coal in context as an energy source?

Carl: Only oil makes a bigger contribution to global energy. In terms of energy in the industrial world, it's about 40 percent of electricity production.

WN: How dirty is coal?

Carl: Coal is as dirty as it gets. Coal has every element in the periodic table. And depending where in the world you get it from, "coal" can mean 100 different substances. If you sent the sort of coal you might use in a typical Indian plant to a supermodern boiler in Japan, it would shut the place down.

WN: But there's got to be good things about coal.

Carl: It's cheap. And coal doesn't have the kind of extreme risk that nuclear power has. You're not going to build a dirty bomb out of coal. And unlike other fossil fuels, it is really widely distributed, so there is less of a coal OPEC.

WN: And that distribution would seem to make resource wars less likely to break out over coal?

Carl: Yes.

WN: Is there an energy source that could replace coal?

Carl: Natural gas is the only viable replacement, and it's not clear that the natural-gas supply could scale up to replace coal.

WN: So, how can we can make coal cleaner?

Carl: The most-well-known is flue-gas desulfurization, which takes sulfur dioxide out of smoke stacks, and came out of concerns about acid rain. There are other pollution-control devices for nitrogen oxide and mercury filters.

WN: What about up-and-coming technologies like carbon capture and sequestration? Can you tell us about that?

Carl: You're taking carbon from a smokestack and pressure-injecting it into a geological formation of some sort. We actually already do this process at an industrial level. We know how this works.

WN: Seems like we're spending a lot of time on the backend scrubbing pollutants out. Should we be designing in a cleaner process on the front end?

Carl: A lot of people point to integrated gasification-combined-cycle (IGCC) plants, which gasify coal before burning it, as the holy grail because they get you a cleaner process. It gives you a more concentrated stream of carbon that you can sequester underground more cheaply. The capital cost is very high, though, and we don't have a lot of experience in designing them.

WN: We hear a lot about China's coal industry. Can you compare it with the U.S. industry, which ranks second in the world?

Carl: We mine about (1.1 billion tons) of coal per year. China was at about 1.4 billion tons seven years ago. Now they are at 2.4 billion tons. So, they essentially took the second-biggest coal industry in the whole world and replicated it in seven years. And if you look at the Chinese plans, they plan to ramp it up even more in the future.

WN: Given the obvious environmental impacts of these plants, why don't we have better answers for these problems than the Kyoto Protocol (which the United States didn't sign, and which exempted China and India from emissions restrictions)?

Carl: I'll give you a speculative, personal answer. It has to do with the politics of the type of people who were negotiating Kyoto. And the pressure put on by environmental groups that were uncomfortable with coal. There was just so much pressure on the symbolic importance of getting a deal done.

WN: What would you have rather seen?

Carl: I think there has been some really good criticism that says, "Was the U.N. really a good forum for this? Or would it have been better to have taken the 10 countries who consume 60 percent of global energy and do something with real teeth in it?" I think that would have been a much better approach.

I would have happily traded every emissions gain from Kyoto for eight clean coal plants sequestering carbon in different countries. Because then we could have a real discussion that says, "This works. Now let's see who has to bear the cost."

WN: Why would that be such a big deal?

Carl: Because right now we're having a conversation with China and India where we're trying to get China and India to build clean coal plants by saying, "Here's this thing that's never been tried before at a mass scale. You should build one." And that's not going to work.

All News button
1
-

The Program on Energy and Sustainable Development and the Department of Energy Resources Engineering host this discussion with Thamir Abbas Ghadhban on the state of Iraqi oil. Mr. Ghadhban will present before a discussion with moderators Lou Durlofsky and David Victor, followed by a Q&A with the audience.

After the fall of the Iraqi regime in April 2003, Mr. Ghadhban took initiative to play a leading role in managing the severely damaged Iraqi oil industry. He became CEO of the Ministry of Oil in 2003 and later Minister of Oil in June 2004 through May 2005.

On January 30, 2005, Thamir Ghadhban was elected for membership to the Iraq National Assembly and became a member of the constitutional and economic committees. The next year he continued his service by becoming advisor to the Vice President in March 2006. Currently, he advises the Iraqi Prime Minister on oil and energy.

Author & co-author of more than fifty studies and technical papers dealing with various aspects of Iraqi oil fields in addition to several published papers about Iraq's oil industry, Thamir Ghadhban holds a B.Sc. in Geology from University College and an M.Sc in Petroleum Reservoir Engineering from the Imperial College, London University. He has worked in Iraqi oil since 1973.

Clark Center Auditorium
James H. Clark Center
318 Campus Drive
Stanford University

School of International Relations and Pacific Studies
UC San Diego
San Diego, CA

(858) 534-3254
0
Professor at the School of International Relations and Pacific Studies and Director of the School’s new Laboratory on International Law and Regulation
dvictoronline2.jpg
David G. Victor Commentator
Lou Durlofsky Professor of Energy Resources Engineering Commentator
Panel Discussions
Paragraphs

PESD has concluded a two year collaborative study on the Indian natural gas market with A.T. Kearney. The study explores gas demand to the year 2025 in industrial applications under a range of different policy and economic scenarios.

Industrial consumers will benefit from increased supplies from LNG to displace expensive liquid fuels, but cheap coal remains the dominant fuel for many industrial applications.

All Publications button
1
Publication Type
Working Papers
Publication Date
Journal Publisher
Program on Energy and Sustainable Development Working Paper #68
Subscribe to Oil