Return to search

The Janus Face of Petroleum: Norway, Venezuela and Petrostate-led Development / The Janus Face of Petroleum

This paper examines the strategic management of natural resources in Venezuela and Norway,focusing on the role of the State in the petroleum industry and its implications for economicdevelopment. In Venezuela, the national oil company PDVSA experienced increased stateintervention, leading to a dependence on petroleum revenues and limited diversification. Incontrast, Norway's approach, exemplified by Statoil, emphasized corporate independence anddiversification efforts beyond the petroleum sector. The study explores the interplay betweenpolitics and corporate interests in both countries, considering the influence of the politicalcontext on Statoil's operations and the impact of the "resource trap" in Venezuela. Byanalysing these cases, the paper contributes to our understanding of strategic resourcemanagement and offers valuable insights for developing countries facing similar challenges.

Identiferoai:union.ndltd.org:UPSALLA1/oai:DiVA.org:su-225420
Date January 2023
CreatorsBenavides GarcĂ­a, Santiago
PublisherStockholms universitet, Romanska och klassiska institutionen
Source SetsDiVA Archive at Upsalla University
LanguageEnglish
Detected LanguageEnglish
TypeStudent thesis, info:eu-repo/semantics/bachelorThesis, text
Formatapplication/pdf
Rightsinfo:eu-repo/semantics/openAccess

Page generated in 0.0019 seconds