Latin American Nations Compete for Capital in Surge of Offshore Oil Auctions

By Marianna Parraga HOUSTON, April 2 (Reuters) - For decades, many Latin America's oil-producing nations have often shunned investment from foreign firms, instead keeping their vast reserves under the tight control of governments and state-run oil companies. They aimed to protect profits to feed public budgets, but in practice have seen some major breakdowns, as with … [Read more...]