End of Uruguayan State monopoly of oil importation and refinery

In accordance with the law dated December 27 2001 (“the Act”), the Uruguayan congress has put an end to 70 years of State monopoly - exercised by the State-owned oil company, ANCAP - over the importation, refinery and exportation of crude oil, and over the exportation of oil-derived products (“the Monopoly”).

Unlock unlimited access to all Latin Lawyer content