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The Natural Resources TrapPrivate Investment without Public Commitment$
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William Hogan and Federico Sturzenegger

Print publication date: 2010

Print ISBN-13: 9780262013796

Published to MIT Press Scholarship Online: August 2013

DOI: 10.7551/mitpress/9780262013796.001.0001

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PRINTED FROM MIT PRESS SCHOLARSHIP ONLINE (www.mitpress.universitypressscholarship.com). (c) Copyright The MIT Press, 2018. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in MITSO for personal use.date: 17 October 2019

Urgency and Betrayal: Three Attempts to Foster Private Investment in Argentina’s Oil Industry

Urgency and Betrayal: Three Attempts to Foster Private Investment in Argentina’s Oil Industry

Chapter:
(p.369) 11 Urgency and Betrayal: Three Attempts to Foster Private Investment in Argentina’s Oil Industry
Source:
The Natural Resources Trap
Author(s):

Nicolás Gadano

Publisher:
The MIT Press
DOI:10.7551/mitpress/9780262013796.003.0018

This chapter focuses on three cases of incorporation of private investment into Argentina’s oil industry: Juan Domingo Peron’s attempt in 1954, Arturo Frondizi’s oil contracts in 1958–1962, and the industry’s reform in the administration of Carlos Menem in the 1990s. In an effort to explain the failed attempts to incorporate private capital into the industry and the reasons for the renegotiation and cancellation of contracts between the state and the oil companies, the chapter leaves aside the external framework in order to focus on internal issues. This chapter also explains changes in the roles of private investors—both domestic and foreign—in the Argentinean oil industry by focusing on events internal to Argentina. This approach differs from many studies of changes in business and government relations in oil and other mineral industries, most of which draw heavily on shifts in the international industry.

Keywords:   incorporation of private investment, Argentina, Juan Domingo Peron, Arturo Frondizi, Carlos Menem, state, oil companies, private investors, Argentinean oil industry, international industry

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