Oil Privatization, Public Choice and International Forces

A major part of the British government's privatization programme, which has been heralded as a radical break in government, were its oil assets. This book uses institutional public choice models to examine the case study of the sale of Britoil, British Petroleum, Enterprise Oil and Wytch Farm, and then re-assembles the pieces to better understand the whole. The extensive interviews provide a full and flavourful background to exploring the actors at four levels of structures: international, state-owned companies, civil service and the political process.