Case Study of Rosneft’
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The previous case studies identified the primary role played by the incumbent general managers during the initial phase of privatization. The examples of YUKOS and Slavneft’ also underlined the contention that the eventual sale of these companies was only possible when the three key actors — the general manager, the state and big business — concurred on the issue at the same moment in time. This analysis of Rosneft’ will examine the extent to which these conclusions continue to be valid in the case of an oil company that was created in 1993, corporatized in 1995 and put up for sale three times in 1998 but without success. In connection with the partial sale of Rosneft’ in July 2006, this chapter will also consider why privatization succeeded this time around.
KeywordsBritish Petroleum Initial Public Offer Presidential Administration Partial Sale Commanding Height
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