Community and environmental factors are playing a role in the pivot towards resource nationalism
Private sector takes a beating in Latin America
Political and financial motivations vary, but the region is noticeably lurching towards greater resource nationalism
Many of Latin America’s largest oil and gas producers are slipping into resource nationalism as the pandemic worsens their economic problems, according to a report from political risk consultancy Verisk Maplecroft. Venezuela bagged the number one spot in Verisk’s Resource Nationalism Index, perhaps unsurprisingly considering the country’s rapid descent into hyperinflation and extreme dependence on state oil firm Pdvsa. But it is Mexico that has seen the greatest shift over the past four years, soaring from 99th position to third place, with Tanzania in second. Mexico had started to slip before the arrival of President Andres Lopez Obrador in December 2018. But the president’s nationalistic a
Also in this section
21 November 2024
E&P company is charting its own course through the transition, with a highly focused natural gas portfolio, early action on its own emissions and the development of a major carbon storage project
21 November 2024
Maintaining a competitive edge means the transformation must maximise oil resources as well as make strategic moves with critical minerals
20 November 2024
The oil behemoth recognises the need to broaden its energy mix to reduce both environmental and economic risks
19 November 2024
Energy minister says country is delaying first oil production until pipeline and refinery are ready
