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Nationalisation need not be disruptive, say representatives

Latin America's resource nationalisation need not be disruptive for private oil companies, a panel of international representatives concluded at Canada’s Global Petroleum Show in Calgary

According to Leandro Alves, energy division chief for the Inter-American Development Bank, the bank, which provides financing and technical assistance to 48 member states, believes “evolutionary change, not revolutionary change” is the best formula to provide adequate levels of public ownership and private participation in the energy sector. “We are less concerned with who has ownership, whether it’s public, private or mixed,” he said. The comments come as a number of developing economies grapple with striking the appropriate balance between control of resources and encouraging investment. On 16 April, Argentina nationalised YPF, then part-owned by Spain’s Repsol. The move prompted a downg

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