Contradiction of space, centralization of capital, and the hybrid state oil company
The case of Russia
Bibliographic Data
| ID | 12979341 |
|---|---|
| Authors | Mazen Labban (0009-0004-8307-0414, corresponding author) |
| Year | 2008 |
| Volume | 1 |
| Issue | 2 |
| Pages | 59-71 |
| Publication date | 2008-07-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Human Geography (JOURNAL) |
| Journal identifiers | ISSN: 1942-7786 • E-ISSN: 2633-674X |
| Publisher | SAGE Publishing (PUBLISHER • US) |
| DOI | 10.1177/194277860800100210 |
| OpenAlex | W2475888656 |
| Language | EN |
| Citations received | 8 |
| References cited | 15 |
A new species of capital has emerged from the development of inter-capitalist competition in the oil industry. Oil-producing states have fused with financial and productive/extractive capital, foreign and domestic, into hybrid state oil companies. These are centralized monopolies that transcend the historical geographical opposition between private transnational oil companies and national oil companies. As partially nationalized state monopolies, they allow oil-producing states access to global capital markets, while retaining the control of the state over the flow of foreign capital into the domestic oil industry. They thus mediate the contradiction between the integration of capital at the transnational level and its territorial fragmentation at the national scale, only to internalize it in the process. I examine this process in the case of the ongoing consolidation of the Russian oil industry under state control, focusing on two inter-related contradictions: an attempt by the Russian state to liberalize the oil industry, yet shield it against the expansion and control of foreign oil companies; and the dependence of the state on foreign financial capital in the very process of consolidating control over the oil industry
Business · Capital (architecture · Consolidation (business · Contradiction · Economic system · Economics · Economy · Foreign capital · Foreign direct investment · International trade · Market economy · Petroleum industry · State (computer science · Elite Sociology and Global Capitalism · Engineering · Natural Resources and Economic Development · State Capitalism and Financial Governance · Finance
The theory of capitalist development
Long waves of capitalist development
State-Directed Development
Uneven Development
Geography of Power
Monopoly-Finance Capital
Oil and the Middle East
Spaces of Global Capitalism
Neoliberalizing states
Neoliberalizing Space
The Explosion of Debt and Speculation
Brief History of Neoliberalism
Geography and public policy
McJihad
| Unique citing works | 8 |
|---|---|
| Citations per year | 0,5 |
| Citation span | 2010 - 2025 (16) |
| Citation velocity | recent |
| Highly cited | No |
| Citation types | Neutral: 8 |