This book explores the economic challenges involved in managing hydrocarbon wealth in the Caspian region, and looks at how to design an optimal energy policy. The book draws on the Author's experience in dealing with the governments of the region, and her knowledge of the role of major companies in the area.

Autorentext
YELENA KALYUZHNOVA is the Director of the Centre for Euro-Asian Studies and a Senior Lecturer in the Economics Department at the University of Reading, UK. Her academic background includes research on transitional economies and macroeconomic issues. Dr Kalyuzhnova is the author of the first major study of the Kazakhstani economy (1998). She has contributed to a wide variety of economic studies for international organisations.

Inhalt
PART I: THE ECONOMICS OF CASPIAN HYDROCARBON DEVELOPMENT Economic Development and Resource Dependency Management of Hydrocarbon Wealth: Oil Funds PART II: THE IMPACT OF OPERATING COMPANIES Major Oil and Gas Projects Companies and Governments Developing Local Content PART III: MODELS AND POLICIES FOR THE FUTURE Production, Revenues and Public Spending Policies for Sustainable Development