[2011] DAMONTE, Gerardo. Oil industry investment policies. ELLA. Economic Development, Extractive Industry Investment Policies, Policy Brief 1.

This Brief presents a concise overview of the context of the Latin American (LA) oil industry and its performance. It analyses the advantages and disadvantages of the three main investment models followed, focusing primarily on the policy experience of Argentina, Brazil, Colombia, Peru, and Venezuela. Finally, it presents evidence and analysis suggesting that the state-private competitive model seems to have had the best performance in the current regional context.