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Government And Private Enterprise In Latin American Petroleum Development, Frank M. Lacey
Government And Private Enterprise In Latin American Petroleum Development, Frank M. Lacey
Vanderbilt Journal of Transnational Law
The nationalization of the Venezuelan oil industry on January 1, 1976, can be viewed in a sense as a culmination of more than half a century of striving on the part of Latin American republics to become the masters of their own most important resources, one that has seemed at times symbolic of their very destinies. It is a process that has involved nearly every major country in Latin America. It is one that has been resisted by the prevailing economic, political, and legal institutions, and in the course of which not only major business enterprises but nations as well …
Latin America: A Petroleum Profile, Ewell E. Murphy, Jr.
Latin America: A Petroleum Profile, Ewell E. Murphy, Jr.
Vanderbilt Journal of Transnational Law
Argentina--Mixed. Under present legislation (Hydrocarbons Law 17,319 of June 23, 1967) specified geographical areas are reserved to state enterprises and the remainder of the country is, in principle, open to private enterprise under a system of exploration permits and exploitation concessions. No permits or concessions have been granted to private enterprise for some time, however. There are pending legislative amendments which would reestablish the monopoly of Y.P.F. over all phases of the oil industry but permit private enterprise to operate under work or service contracts with Y.P.F.