South American oil
GAO reviewed the petroleum industries of the following eight South American Countries that produce petroleum but are not major exporters: Argentina, Bolivia, Brazil, Chile, Colombia, Ecuador, Peru, and Trinidad and Tobago. This report discusses the amount of crude oil the United States imports from the eight countries, expected crude oil production for these countries through the year 2010, and investment reforms that these countries have recently made in their petroleum industries. In general, although the United States imports some oil from these countries, as a group, the eight countries are currently net oil importers because combined domestic oil consumption exceeds oil production. Furthermore, the net oil imports are expected to continue to increase through the year 2010, making it unlikely that the United States will obtain increased oil shipments from these countries.
- Research Organization:
- General Accounting Office, Washington, DC (United States)
- OSTI ID:
- 6960201
- Report Number(s):
- GAO/NSIAD-92-227
- Country of Publication:
- United States
- Language:
- English
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Related Subjects
POLICY AND ECONOMY
02 PETROLEUM
PETROLEUM INDUSTRY
REVIEWS
SOUTH AMERICA
USA
IMPORTS
US GAO
DEVELOPED COUNTRIES
DOCUMENT TYPES
INDUSTRY
LATIN AMERICA
NATIONAL ORGANIZATIONS
NORTH AMERICA
US ORGANIZATIONS
294002* - Energy Planning & Policy- Petroleum
020700 - Petroleum- Economics
Industrial
& Business Aspects