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"Government companies bid aggressively in the early NELP rounds (New Exploration and Licensing policy), often egged on by pressure from the petroleum ministry who wanted to ensure that the rounds were successful," says a former oil company chairman, who did not wish to be quoted.
But also, unlike the government, companies have been issuing bonds by the bucket-load.
They have looted the mines and spectrum and now they are selling government companies.
Freeing trade, privatizing government companies and limiting government spending were once seen as main ingredients.
Navalny discovered similarly odd arrangements at other government companies in which he owned stock.
Far from being alien to government, companies are a product of it: it was from the state that they derived the privilege of limited liability.
Similar(14)
It would most likely be difficult for any Chinese government company, however, to directly purchase Potash.
We are currently changing it to a Government Company to give greater flexibility to its business model".
"Emerging markets have very little debt at the government, company or individual level".
LICONSA is a Mexican federal government company with social responsibility.
He is with Cyberview, the government company overseeing Cyberjaya's development.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com