Energy in Latin America: Production, Consumption, and Future Growth

By Kang Wu; Cynthia Obadia | Go to book overview

ing, is being revised. While the new administration of President Itamar Franco does not favor the privatization of Petrobrás, it is expected that changes will be made that will allow some private and foreign company participation in the upstream and downstream hydrocarbons sector, given the large amounts of investment needed to increase the country's hydrocarbon production and refining capacity. For the time being, the majority of the Petrobrás's budget (60-70%) is being provided by the government, and the rest is being raised on the international fmancial markets.


NOTES
1
See Culver-Hopper et al. ( 1992), p. 21.
2
See EIU ( 1993b and 1994b) for details.
3
See Petroleum Intelligence Weekly, March 18, 1993; Oil & Gas Journal, March 14, 1994.
4
See Culver-Hopper et al. ( 1992), p. 23.
5
See World Oil Trade ( 1993).
6
See Petroleum Intelligence Weekly, March 8, 1993.
7
Only three Latin American countries have a higher hydroenergy utilization ratio than Brazil: Uruguay (74%), Paraguay (28%), and El Salvador (25%). The hydroenergy potential of both Uruguay and El Salvador is under 2,000 MW, and that of Paraguay is 23,000 MW.
8
See OLADE ( 1993).
9
See Escofet ( 1992).
10
Unless otherwise specified, alcohol fuels for automobiles, which averaged 200,000 b/d in 1991 and 1992, are not included in Brazil's petroleum product or oil consumption in this study.
11
See IDB ( 1993).
12
See Oil & Gas Journal, October 26, 1992.
13
See Platt's Oilgram News, March 23, 1993.
14
See Platt's Oilgram News, February 19, 1993.
15
The results of the referendum showed that the Brazilian people still prefer the presidential type of government to a parliamentary type of government or monarchy.

-78-

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Energy in Latin America: Production, Consumption, and Future Growth
Table of contents

Table of contents

  • Title Page iii
  • Contents vii
  • Illustrations xi
  • Abbreviations, Acronyms, and Measurements xvii
  • Foreword xix
  • Preface xxi
  • Chapter 1 - Regional Overview of Latin American Energy 1
  • Notes 12
  • Chapter 2 - Mexico 27
  • Notes 36
  • Chapter 3 - Venezuela 49
  • Notes 57
  • Chapter 4 - Brazil 69
  • Notes 78
  • Chapter 5 - Argentina 91
  • Notes 101
  • Chapter 6 - Colombia 113
  • Notes 120
  • Chapter 7 - Ecuador 133
  • Notes 140
  • Chapter 8 - Trinidad and Tobago 151
  • Notes 159
  • Chapter 9 - Peru 173
  • Notes 180
  • Chapter 10 - Bolivia 193
  • Notes 200
  • Chapter 11 - Chile 211
  • Notes 217
  • Chapter 12 - Future Energy Growth in Latin America 229
  • Notes 240
  • Appendixes 253
  • References 299
  • Index 303
  • About the Author *
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