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Latin American Energy | Center for Energy Studies | Latin America Initiative | Journal

The Political Economy of Oil Production in Latin America

November 18, 2008 | Osmel Manzano, Francisco J. Monaldi
Many oil pumps at work in a field.

Table of Contents

Author(s)

Osmel Manzano

Principal Economist, Inter-American Development Bank

Francisco J. Monaldi

Wallace S. Wilson Fellow in Latin American Energy Policy | Director, Latin America Energy Program

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The 1990s witnessed a significant increase in investments in the oil and gas sector in Latin America. Recently, however, the region has experienced a new wave of resource nationalism, with increases in the government's take and state control. This recent trend is largely the outcome of the rise in the international oil price. 

Read the full article in Economía.

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