LATIN AMERICAN PETROLEUM SECTOR AT CROSSROADS

Bob Williams Associate Managing Editor-News Latin America's petroleum industry stands at a precarious crossroads of change. Fundamental changes of democratization, privatization, and economic reform that have marked South America's petroleum sectors since the late 1980s are seeping into other Latin American regions. An unprecedented return of capital that had fled the region in the 1980s-Latin America's "lost decade"-is under way in full force. That demonstrates the improved

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