Privatization of industries within the energy sector has been spreading globally since its small and uncertain beginnings in Britain, in the early 1980s. Today, states of the Gulf Co-operation Council (GCC) are actively examining the privatization of a number of key energy industries and energy-related infrastructure projects. This book provides both a practical and scholarly approach to the privatization and deregulation of the energy sector. It includes discussions on oil production and refining and gas and electricity production, and their transmission and distribution. Assessing the arguments for and against deregulation of the energy sector, it draws on international experience to highlight the political, legal, institutional and resource requirements for successful implementations of a privatization programme.
Introduction: privatization energy - an overview. The financial and capital market implications of privatizing the energy sector in the Gulf, Sharif Ghalib; privatization of energy in the Gulf - selected issues and options, Abdul Hafeez Shaikh; the legal framework for privatization in the United Arab Emirates, andrew Ward; the Indian oil experience - a case study, Leena Srivastava, Rajnish Goswami; issues in deregulation, privatization, and reregulation of the energy industries, Paul Hornswell; Electricity privatization in England and Wales - a case study, Gordon McKerron; privatization and deregulation of the energy sector in the Gulf co-operation council countries - pros and cons, Ibrahim I. Elwan et al.