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Will oil exploration in Uruguay be successful?
Inter-American Dialogue’s Latin American Energy Advisor
Four oil companies won bids to explore for oil off Uruguay's coast, state oil company Ancap
announced March 30. They will invest a combined $1.56 billion over three years of exploration
efforts, and Ancap will hold a minority stake in each of the concessions. How successful was
Uruguay's oil auction? What do the results indicate about the possibility of future discoveries?
What has the country done right to attract investment and where could it improve?
Re-posted with permission from the publishers as a PDF document as part of an Institutional Repository collection to aggregate energy policy, regulation, dialogue and educational materials.
(Fri, 16 Mar 2012)
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Will social unrest affect investment in Ecuador's oil sector?
Inter-American Dialogue’s Latin American Energy Advisor
More than 1,500 indigenous protesters last month brought Ecuador's capital city to a "standstill"
over government plans to exploit natural resources in the Amazon region. The group alleges that
President Rafael Correa has capitulated to free-market forces with policies opening up lands to
mining and drilling that could ravage the Amazonian rainforest, while the administration
counters that such measures are necessary for the country's economic development. How well is
Correa handling discontent over natural resource extraction? Are such protests likely to hinder
investment and development of the country's oil sector? What should both sides be doing
differently to resolve these problems?
Re-posted with permission from the publishers as a PDF document as part of an Institutional Repository collection to aggregate energy policy, regulation, dialogue and educational materials.
(Mon, 09 Apr 2012)
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Will PDVSA be able to meet demand from Asia?
Inter-American Dialogue’s Latin American Energy Advisor
Venezuelan efforts to diversity oil exports have gained steam in recent months, with new energy
sector deals signed with Japan, South Korea and Vietnam and the launch of an $8.3 billion joint
refinery project in southern China. Do the deals represent significant confidence in Asia for the
Venezuelan government's ability to manage its energy sector? Will PDVSA be able to meet
increased demand from Asia? Are the deals and the company's plan to diversify its exports a
good strategy?
Re-posted with permission from the publishers as a PDF document as part of an Institutional Repository collection to aggregate energy policy, regulation, dialogue and educational materials.
(Mon, 07 May 2012)
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What Does a State-Run Energy Company Need to Succeed?
Inter-American Dialogue’s Latin American Energy Advisor
Argentina last week announced it would seize the 51 percent of YPF owned by Repsol, arguing
that the company had not invested enough in the country's energy sector development.
Meanwhile, the top two contenders for the Mexican presidency have suggested that state-run
Pemex should be opened up to private investment, following examples in Brazil and Colombia,
to improve productivity. What does it take to make a state energy company succeed? What
policies should governments seek to emulate and which should they avoid? Does history stand
on the Argentine government's side in YPF's nationalization?
Re-posted with permission from the publishers as a PDF document as part of an Institutional Repository collection to aggregate energy policy, regulation, dialogue and educational materials.
(Mon, 23 Apr 2012)