• Steve LeVine covers foreign affairs for Business Week. He previously was correspondent for Central Asia and the Caucasus for The Wall Street Journal and The New York Times for 11 years. His first book, The Oil and the Glory, a history of the former Soviet Union through the lens of oil, was published in October 2007. Putin’s Labyrinth, his new book, profiles Russia through the lives and deaths of six Russians. The updated paperback was released in April 2009.



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    A Blog on Russia, Energy, the Caspian and
    Beyond

    Friday, November 16, 2007

    Book note

    Random House has installed a search-the-book function for The Oil and the Glory

    Steve's appearance at Google
    posted by Steve at

    2 Comments:

    Anonymous Anonymous said...

    Steve,
    I plan to read your book. Having worked for several years in that area I can appreciate your insight. I'd like to point out that "Big Oil" isn't the only "bad guy" in the area. Consider the atmosphere of corruption in Kazakhstan from the Federal to the local level. Everyone wants a piece of any action, and oil producers are often caught in the middle, between the demanding governments, and the everpresent pressure from the US government in the form of the FCPA.

    One thing that has changed in the situation with Chevron in Tengiz, is that the $5Billion investment in new infrastructure leaves them with no leverage against the unreasonable fines and demands of the Kazakhstan government. Sulfur was there before Chevron got into Tengiz, and being saddled with the production methods from the Soviet era, there was no choice except to keep producing it, or to shut down production. The environmental fines are just ways of milking the enterprise, in addition to royalties and taxes. Such is life in the "developing" countries.

    November 16, 2007 10:33 PM  
    Blogger Steve said...

    Thanks for this on-the-ground comment. I particularly want to be clear that, if you mean that I make Big Oil to appear to be a "bad guy," that is entirely unintentional. Your characterization of the nature of the personalities and entities is absolutely correct, in my view. I especially appreciate your explaining reality for Chevron, an important insight for the subsequent item on the fine. Thanks and best, Steve

    November 16, 2007 10:45 PM  

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