2022
DOI: 10.1007/s43546-022-00221-6
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Assessing the risk of foreign investment within the petroleum sector of South America

Abstract: There is presently a shortage of international oil companies investing in South America, due primarily to political instability associated with high levels of corruption, poor quality of institutions, and demanding fiscal regimes that strip significant amounts of revenue from investors. The purpose of this research is to obtain a comprehensive country ranking for South America in terms of investment risk in the upstream oil sector. The study identifies six risk categories (political risk, macroeconomic risk, t… Show more

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