ENERGY GEOPOLITICS

THE ROLE OF LATIN AMERICA

Also available in Deutsch, Español, Português

Historically, Latin America represents a small share of global production - less than 5% - with Venezuela and Mexico being the players with global representation. However, factors such as the discovery of a world-class oil province in Brazil, the expectation of developing unconventional gas in Argentina and the opening of the oil and gas industry in Mexico, after more than seventy years of monopoly by the state-owned company have attracted the interest of global players to the region.

In order to understand more specifically the main challenges in Latin America and its role in the global context, the Konrad Adenauer Foundation and its Regional Programme Energy Security and Climate Change in Latin America - EKLA, in partnership with FGV Growth & Development and Catavento Consulting, organized a discussion with industry experts and opinion leaders, held on October 30, 2015.

The event’s opening remarks were delivered by Jorge Camargo, president of the Brazilian Institute of Petroleum, Gas and Biofuels – IBP, who has had extensive international experience in the industry for over three decades. He highlighted his vision in relation to the business environment - both from the point of view of geology and the institutional conditions in the countries with the highest production of the region. Next, Roberto Castello Branco, Institutional Director of the Growth and Development Center at FGV, gave a lecture with a macroeconomic perspective and a longer-term view about the moment currently experienced by the oil and gas sector.

The result of this rich debate is covered in this white paper. The first part, entitled “An overview of the oil and gas industry in Latin America”, written by Clarissa Lins, Raoni Morais and Lavinia Hollanda, discusses aspects of the industry in the main producing countries in the region. In the second part, called “The oil shock 2014/2015: causes and implications,” Roberto Castello Branco analyzes the macroeconomic impact of oil price fluctuations.

Authors

Clarissa Lins, Raoni Morais, Lavinia Hollanda, Roberto Castello Branco

published

Brazil, February 17, 2016

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Contact

Karina Marzano Franco

Project Manager

Karina Marzano Franco
Phone +55 21 2220 5441
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