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Title: The 1992 conference on Latin America's Energy Industry: New opportunities for growth through international investment and trade

Abstract

Liberal economic and political reforms in Latin America, a declining oil market in the US, and world events such as last year's Persian Gulf Crisis are making foreign investment in Latin America's energy sector increasingly attractive. The Persian Gulf crisis indicated the US must diversify oil sources; increased competition and deregulation in electric power generation and gas production are providing more opportunities for independent power producers at home and abroad; and Latin America's need for foreign financial and technical assistance are providing an important pull'' factor. Electricity needs in the developing world wig be huge in the years to come. In Latin America and the Caribbean, 66,500 mg of new capacity will be required by 1999. The developing world will require US $100 billion in energy investment a year. But Latin American countries will have trouble obtaining funds. The region will need to rely heavily on private international sources to finance future energy requirements. Multilateral development bank participation win remain critical, however, serving as a catalyst for government reform and private investment in the sector. In particular, World Bank lending will be focused on countries with a clear commitment to pricing reform, regulatory reform, competitive markets, non-market barriers, and technologymore » transfer. Opportunities for foreign participation in the Latin American oil sector are particularly large in Ecuador, Peru, Argentina, and Venezuela. Mexico's plans for reform in the oil sector, a delicate issue in that country, appear to be less defined and likely to occur farther into the future. The conference made clear that a regulatory entity is needed even when the sector is owned by the government. Regulatory processes must be fair and transparent in order to ensure adequate financial and technical performance.« less

Publication Date:
Research Org.:
Institute of the Americas, La Jolla, CA (United States)
Sponsoring Org.:
USDOE; USDOE, Washington, DC (United States)
OSTI Identifier:
6988524
Report Number(s):
CONF-9203189-
ON: DE93001385
Resource Type:
Conference
Resource Relation:
Conference: Latin American energy industry: new opportunities for growth through international investment and trade, La Jolla, CA (United States), 8-10 Mar 1992
Country of Publication:
United States
Language:
English
Subject:
29 ENERGY PLANNING, POLICY AND ECONOMY; LATIN AMERICA; ENERGY SOURCE DEVELOPMENT; ARGENTINA; BOLIVIA; BRAZIL; CHILE; COLOMBIA; ECONOMIC DEVELOPMENT; ECUADOR; EL SALVADOR; ELECTRIC POWER; ELECTRICITY; FINANCING; HONDURAS; INTERNATIONAL RELATIONS; MARKET; MEXICO; NATURAL GAS; PERU; PETROLEUM; REGULATIONS; TECHNOLOGY TRANSFER; USA; VENEZUELA; CENTRAL AMERICA; DEVELOPED COUNTRIES; DEVELOPING COUNTRIES; ENERGY SOURCES; FLUIDS; FOSSIL FUELS; FUEL GAS; FUELS; GAS FUELS; GASES; NORTH AMERICA; POWER; SOUTH AMERICA; 290500* - Energy Planning & Policy- Research, Development, Demonstration, & Commercialization; 294002 - Energy Planning & Policy- Petroleum; 294003 - Energy Planning & Policy- Natural Gas; 296000 - Energy Planning & Policy- Electric Power

Citation Formats

. The 1992 conference on Latin America's Energy Industry: New opportunities for growth through international investment and trade. United States: N. p., 1992. Web.
. The 1992 conference on Latin America's Energy Industry: New opportunities for growth through international investment and trade. United States.
. 1992. "The 1992 conference on Latin America's Energy Industry: New opportunities for growth through international investment and trade". United States.
@article{osti_6988524,
title = {The 1992 conference on Latin America's Energy Industry: New opportunities for growth through international investment and trade},
author = {},
abstractNote = {Liberal economic and political reforms in Latin America, a declining oil market in the US, and world events such as last year's Persian Gulf Crisis are making foreign investment in Latin America's energy sector increasingly attractive. The Persian Gulf crisis indicated the US must diversify oil sources; increased competition and deregulation in electric power generation and gas production are providing more opportunities for independent power producers at home and abroad; and Latin America's need for foreign financial and technical assistance are providing an important pull'' factor. Electricity needs in the developing world wig be huge in the years to come. In Latin America and the Caribbean, 66,500 mg of new capacity will be required by 1999. The developing world will require US $100 billion in energy investment a year. But Latin American countries will have trouble obtaining funds. The region will need to rely heavily on private international sources to finance future energy requirements. Multilateral development bank participation win remain critical, however, serving as a catalyst for government reform and private investment in the sector. In particular, World Bank lending will be focused on countries with a clear commitment to pricing reform, regulatory reform, competitive markets, non-market barriers, and technology transfer. Opportunities for foreign participation in the Latin American oil sector are particularly large in Ecuador, Peru, Argentina, and Venezuela. Mexico's plans for reform in the oil sector, a delicate issue in that country, appear to be less defined and likely to occur farther into the future. The conference made clear that a regulatory entity is needed even when the sector is owned by the government. Regulatory processes must be fair and transparent in order to ensure adequate financial and technical performance.},
doi = {},
url = {https://www.osti.gov/biblio/6988524}, journal = {},
number = ,
volume = ,
place = {United States},
year = {Wed Jan 01 00:00:00 EST 1992},
month = {Wed Jan 01 00:00:00 EST 1992}
}

Conference:
Other availability
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