Coby van der Linde is Professor of International Political Economy and the International Oil Markets at Leiden University and Senior Research Fellow at The Netherlands Institute of International Relations `Clingendael', The Hague.

• Table of Content.- 1 Introduction.- 2 Redrawing the Boundaries Between State and Company.- 3 State Participation in the Economy.- 4 International Economic Instability.- 5 The Failure of OPEC to Secure Economic Rents.- 6 Turning Black Gold into Development.- 7 National Oil Companies.- 8 Ambitious Consolidation.- 9 Strategic Consolidation.- References.

Coby van der Linde is Professor of International Political Economy and the International Oil Markets at Leiden University and Senior Research Fellow at The Netherlands Institute of International Relations `Clingendael', The Hague.

• Table of Content.- 1 Introduction.- 2 Redrawing the Boundaries Between State and Company.- 3 State Participation in the Economy.- 4 International Economic Instability.- 5 The Failure of OPEC to Secure Economic Rents.- 6 Turning Black Gold into Development.- 7 National Oil Companies.- 8 Ambitious Consolidation.- 9 Strategic Consolidation.- References.

Coby van der Linde is Professor of International Political Economy and the International Oil Markets at Leiden University and Senior Research Fellow at The Netherlands Institute of International Relations `Clingendael', The Hague.

• Table of Content.- 1 Introduction.- 2 Redrawing the Boundaries Between State and Company.- 3 State Participation in the Economy.- 4 International Economic Instability.- 5 The Failure of OPEC to Secure Economic Rents.- 6 Turning Black Gold into Development.- 7 National Oil Companies.- 8 Ambitious Consolidation.- 9 Strategic Consolidation.- References.