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In order to understand more specifically the main challenges in Latin America and its role in the global context, the Konrad Adenauer Foundation and its Regional Programme Energy Security and
Climate Change in Latin America - EKLA, in partnership with FGV Growth & Development and
Catavento Consulting, organized a discussion with industry experts and opinion leaders, held
on October 30, 2015.
The event’s opening remarks were delivered by Jorge Camargo, president of the Brazilian Institute of Petroleum, Gas and Biofuels – IBP, who has had extensive international experience in the industry for over three decades. He highlighted his vision in relation to the business environment - both from the point of view of geology and the institutional conditions in the countries with the highest production of the region. Next, Roberto Castello Branco, Institutional Director of the Growth and Development Center at FGV, gave a lecture with a macroeconomic perspective and a longer-term view about the moment currently experienced by the oil and gas sector.
The result of this rich debate is covered in this white paper. The first part, entitled “An
overview of the oil and gas industry in Latin America”, written by Clarissa Lins, Raoni Morais
and Lavinia Hollanda, discusses aspects of the industry in the main producing countries in the
region. In the second part, called “The oil shock 2014/2015: causes and implications,” Roberto
Castello Branco analyzes the macroeconomic impact of oil price fluctuations.
