Publish in Perspectives - Wednesday, February 19, 2020
Brazil's government is planning to privatize Eletrobras, the largest power utility in Latin America. Here the Mascarenhas de Moraes power plant in Minas Gerais. (Photo: Eletrobras)
Hunt Buckley and Larry Pascal, Haynes and Boone. (Latinvex collage)
The energy outlook in Brazil, Colombia and Argentina.
BY HUNT BUCKLEY
AND LARRY PASCAL
President Jair Bolsonaro assumed the Brazilian Presidency in January 2019, facing both many opportunities and challenges in the Brazilian energy sector. Although Brazilian oil production is growing and in fact reached 3.106 million bpd in December 2019, significant reforms are arguably needed as refining, natural gas transportation, and power generation and distribution largely remain in the hands of state-owned companies, undermining private investment.
Perhaps the most ambitious areas of reform rests with President Bolsonaro’s plan to privatize...
Keywords: Argentina, Brazil, Colombia, Ecopetrol, Eletrobras, Petrobras, Vaca Muerta
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