Algeria : the political economy of oil and gas / Ali Aïssaoui.

Includes bibliographical references and index.

Machine generated contents note: 1 INTRODUCTION 1 -- 2 THE SOCIAL, ECONOMIC AND POLITICAL -- CONTEXT 8 -- The Hydrocarbon Foundation 9 -- A Crisis Brewing 14 -- Leviathan Unleashed 16 -- Muddling Through 25 -- Bold Reforms, Protracted Implementation 27 -- 3 OIL AND GAS FROM EARLY TIMES TO -- ALGERIA'S INDEPENDENCE 39 -- Ain Zeft 40 -- First World War and the Importance of Oil 42 -- From Iraq to Algeria: The Shift in French -- Oil Policy 43 -- The Saharan Issue 47 -- Structure and Regulation of the Industry on -- the Eve of Independence 53 -- 4 FROM CONDOMINIUM TO -- NATIONALISATION 62 -- Early Institutional Framework 63 -- The Constraints of a Bilateral Relationship 68 -- OPEC and Algeria's Broader Aspirations 72 -- The Steep Path to Nationalisation 73 -- Taking Over French Interests 78 -- 5 CHANGES IN HYDROCARBON POLICIES -- SINCE NATIONALISATION -- Valhyd and the 'Gas Battle' -- Upstream Policies: From 'Do-It-Alone' to -- a Policy of Partnership -- The Three-pronged Strategy of the 1990s -- Critical Issues Upstream -- Towards a New Legal, Fiscal and Institutional -- Arrangement -- 6 UPSTREAM, MIDSTREAM AND -- DOWNSTREAM DEVELOPMENTS -- Hydrocarbon Reserves -- Crude Oil Production -- Natural Gas Production -- Midstream Developments -- The Downstream and Transformation Sectors -- 7 HYDROCARBON EXPORT AND PRICING -- POLICIES -- Exports Pattern: The Increasing Importance of Gas -- The Political Economy of 'Diversification' and -- 'Valorisation' -- Oil Exports and Pricing Policies -- Gas Exports and Pricing Policies -- The Marketing and Pricing of Condensate and LPG -- 8 SONATRACH AND THE GOVERNMENT -- The Birth and Rise of Sonatrach -- De-integration and Re-integration -- The Complex Interaction with the Government -- Stripping Sonatrach of its Government Functions -- Towards Privatisation? -- 9 HYDROCARBONS AND THE ECONOMY -- The Role of Hydrocarbons in Shaping the -- Economy: An Historical Perspective -- The Vicious Impact of the 1986 Oil Price Collapse -- The Resulting Debt Burden--And the Unemployment Crisis -- Coping with Oil Price Uncertainties -- Mitigating the Macro-economic Effects of Oil Prices -- 10 HYDROCARBONS, ENERGY AND THE -- ENVIRONMENT -- The Pressure of the Rio Agenda -- Hydrocarbons and Energy-related Environmental -- Policy Issues -- The Broad Nature of Emissions -- Legal and Other Policy Instruments -- The Hydrocarbon Industry: Culprit or Mover? -- 11 HYDROCARBON RENTS AND BEYOND -- The Prospects for Export-generated Rent -- Capturing Additional Rent Downstream -- Stabilising State Income and Mitigating Future -- Fiscal Crisis -- Beyond Hydrocarbon Rents -- REFERENCES -- INDEX.