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- W2000702511 abstract "Abstract Like in many other developing countries, Argentina, Bolivia and Peru formed state oil and gas companies to exploit their hydrocarbon resources. The government policy considered these resources part of the national patrimony and of great strategic importance in providing energy self sufficiency and fueling the country’s planned industrialization. Among other things, this policy provided a monopoly to state companies over many activities in the hydrocarbon sector, limited investments by private oil companies, restricted oil and petroleum products exports and imports and regulated crude oil and petroleum products prices and distribution margins. This policy had negative impacts on the state resources and debt. This paper presents the major transformations and privatization in the hydrocarbon sector that were recently achieved by Argentina and the outlook for Bolivia and Peru carrying out similar transformations. New hydrocarbon laws have been issued which did away with the state monopoly in the sector, provided major incentives for private investments and cleared the way for an open and competitive crude oil, natural gas and petroleum products markets. The passage of these laws paved the way for the privatization of state oil and gas companies Yacimientos Petroliferos Fiscales (YPF) and Gas del Estado (GdE) of Argentina. Soon Petroperu and YPF of Bolivia (YPFB) will be under the control of private investors. Argentina, Bolivia and Peru’s economies are showing revitalized growth and renewed interest by oil sector investors." @default.
- W2000702511 created "2016-06-24" @default.
- W2000702511 creator A5021202521 @default.
- W2000702511 date "1994-09-25" @default.
- W2000702511 modified "2023-09-25" @default.
- W2000702511 title "Reform and Privatization in the Hydrocarbon Sector" @default.
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- W2000702511 doi "https://doi.org/10.2118/28344-ms" @default.
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