Fueling State Capitalism: How Domestic Politics Shapes Foreign Investments of National Oil Companies
by: Andrew Cheon

Hardcover. NY, Oxford University Press, 1st, 2023, Book: Very Good, Dust Jacket: Very Good, Hardcover in a bright dust jacket, 180 pages. Looking at investments from 79 countries from 2000 to 2013, as well as case studies of China, India, Brazil, Norway, and Russia, Fueling State Capitalism unpacks the role of institutions, both national and bureaucratic, in shaping the global expansion of national energy firms. Moreover, Cheon probes the energy security motivations of NOC investments and the origins of bureaucratic structures. Based on the experience of NOC global expansion, Cheon concludes that bureaucratic institutions will be critical in achieving de-carbonization that not only allows governments to meet their political objectives, but also helps NOCs ensure their long-term commercial viability through a managed transition to renewable energy. Clean copy.