Latin America Oil: Winners & Losers
BY CHRONICLE STAFF
Colombia, Brazil and Peru are expected to become leading winners of the growing trend towards resource nationalism in Latin America, experts say. Unlike neighboring countries like Venezuela and Ecuador, they are actively wooing foreign, private investors into its oil and energy sector.
"One of the most interesting developments that is occurring is not in the countries that are trending toward more statist policies, but rather those such as Colombia and Peru that are aggressively pursuing foreign investment in their energy sectors," says Jeremy Martin, director of the energy program at the Institute of the Americas, a non-profit institution at the University of California, San Diego, which organizes the annual La Jolla energy conference and other key conferences on energy in Latin America. "When it comes to upstream opportunities in the oil and gas sector, Colombia and Peru have clearly demonstrated a commitment to consistent and attractive investment regimes."
The two countries' energy policies come on top of their general business...
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