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Title: Decree-Law No. 1760 and Colombia's Transformation of the Hydrocarbons Sector
Authors: Hurtado Perez, Carlos Andres
Issue Date: Aug-2013
Citation: Hurtado Perez, Carlos Andres. (2013). Decree-Law No. 1760 and Colombia's Transformation of the Hydrocarbons Sector ( Unpublished master's thesis). University of Calgary, Calgary, AB.
Abstract: National Oil Companies (NOCs) in many countries have undergone a substantial reform process in order to become more efficient and effective in the provision of their services. Colombia is an example of a country that introduced the necessary changes to end the monopoly that Ecopetrol, the state oil company, historically exercised upon petroleum policy. This policy decision also led to the creation of the National Hydrocarbons Agency (Agenda Nacional de Hidrocarburos-ANH), Colombia's first independent regulator. The transformation of the hydrocarbons sector was largely due to the institutional reform that was introduced by the Alvaro Uribe Velez government (2002-2010) via Decree-Law No. 1760 of June 261h, 2003. This paper describes the policy process that enabled the Uribe government to effectively maintain oil self-sufficiency in Colombia after having undergone a critical juncture period in time of decreasing petroleum reserves and loss of competitiveness of the petroleum industry. We find that the country was able to undertake this successful institutional reform because the Uribe government implemented similar measures in the hydrocarbons sector introduced by past administrations (path dependency).
Appears in Collections:Master of Public Policy Capstone Projects

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