State oil companies will invite more private investment, say panellists

Many Latin American national oil companies are increasingly willing to relinquish control of exploration and production efforts to private corporations, heard delegates at Latin Lawyer Live 10th Annual Oil & Gas, which took place in May at the Park Hyatt in Buenos Aires.

State oil companies will invite more private investment, say panellists José Martínez de Hoz, Enrique González Calvillo, Andrés Donoso and Paulo Pires Valois

Ecuador, until recently a bastion of state-led economics, is a prime example of how government attitudes toward private investment in Latin America’s hydrocarbons sector are changing. The recent merger between Petroamazonas and Petroecuador, Ecuador’s state-owned oil producers, will create new opportunities for private companies when it is finalised at the end of next year, said Andrés Donoso of Ferrere (Ecuador). “This will form one big national oil company (NOC), and the lack of capital expenditure available for the NOCs should force the return of some private investors,” he said.

Events

Events

Latin Lawyer Live 10th Annual Private Equity

Events

Latin Lawyer Live 6th Annual Labour & Employment

Insight

Reference

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Construction

Chile

Alfonso Reymond Larraín and Rodrigo Riquelme Yanez

Reymond & Cía

Brazil

Fernando Marcondes, Ricardo Medina Salla, Marlon Shigueru Ushiro Ieiri, Adriana Regina Sarra de Deus and Juliana Yumi Shiina Morato

LO Baptista

All Reference

Guides

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The Guide to Infrastructure and Energy Investment

How to Build Up a Region: Development Banks and Multilateral Financing

Thomas Hechl and Vanessa Pinto Villa

Hogan Lovells LLP

The Role of Project Finance in Developing a Region: Trends and Considerations

Andrés Arnaldos Montaner , Daniel D Bartfeld , Jaime E Ramirez and Roland Estevez

Milbank, Tweed, Hadley & McCloy LLP
All Guides