Year: 2020

Publication type: Executive Reports

Public files

The perfect storm created by oil price crash and COVID-19 has wreaked havoc worldwide. Latin American and Caribbean (LAC) economies rely heavily on revenues from their oil and gas resources as an important source of income and a long lasting crisis will have a dramatic impact on the society wellbeing.

‘Preparing the Latin American and Caribbean oil and gas industry for the ‘new normal’ - What are LAC governments doing to support the sector during the crisis and to continue developing its hydrocarbon resources?’ briefly describes some of the individual strategies and initiatives taken so far by LAC governments to ensure the survival, attractiveness and sustainability of the oil and gas sector and its value chain in their countries.

This report is based on information obtained from journalistic sources, specialized consulting firms, official government sources, as well as from ARPEL and qualified sources to which ARPEL has access.