Thursday, April 21, 2011

Guide On Pune To Coorg



By Humberto Campodonico


Public enterprises are of special importance in most Latin American countries. For example, in Colombia's oil production and export of ECOPETROL contributes significantly to foreign exchange earnings and tax revenues of the State. In addition, Ecopetrol is internationalized and recently bought a Peruvian oil, Petrotech, offshore Talara.

state is also important electrical ISA, based in Medellín, in Peru and Etesur Etecen bought state enterprises that handled all the transmission towers, but that were privatized in Toledo, in what has been one of the largest privatization failures as functioning like a little clock. In Brazil, Petrobras is key, has doubled oil production in 10 years. Now the country self-sufficient and not dependent on imported oil. It has investments in Africa, Asia and the U.S.. In Argentina is the second largest oil producer after Repsol and Peru has fields in Talara and Lot 57, near Camisea, which has found 1.7 tcf of natural gas. Both Petrobras and Ecopetrol are listed on the Stock Exchange and have a merit system election of its President, to preside a professional with a track-and honest. They also have an oversight committee of purchases, with the participation of civil society and business associations. With these two measures can prevent both the carve-up of positions of those who consider the state enterprises as a political spoils as "faenones" made in Peru.

state-owned Codelco in Chile is the first company in the world copper production costs are equal to those of private enterprises. Exports in 2010 was U.S. $ 16.066 million and payments to the Treasury of $ 6.069 million (Report 2010), including U.S. $ 1.271 million for its armed forces. Thus, Codelco is efficient, generates foreign exchange and contributes taxes. What you think.

ENAP is also the state, which owns the only two refineries in Chile and is a tool to achieve a safe and reliable energy supply. When in 2004 Argentina 85% restricted gas exports to Chile, ENAP formed a Public-Private Partnership (PPP) with British Gas and invested U.S. $ 1.050 million to build a regasification terminal where LNG ships now come from around the world. In addition, Peru owns 50% of taps Primax-the other 50% is the Grupo Romero. This purchase occurred in Toledo, explicitly denying Petroperú involved in the operation.

So, right here! Archaic still said that public enterprises are synonymous with backwardness, why cling to in Article 60 of the 1993 Constitution established the principle of subsidiarity State's business. That is not part of the U.S. Constitution or even any European country or not, either, of course, no country in the region. A Petroperú to "look" Petrobras, Ecopetrol and Codelco could easily participate in a PPP with private companies to start, and the Andean pipeline construction with reserves of Block 88. All have south-to-energy gas industries (the Brazilian market is next), for cars in cities and interprovincial transport for the petrochemical Ilo. Anyway. The right not to public companies in these sectors so that everything is for the private sector. It has no national strategic interests as only think about the year-end earnings. It is in this context that move, happy, foreign companies.

course, if the state court will not scratch the national development, why would we? XXI Century public companies are the guarantee of energy supply, which means to be repealed-by anachronistic and anti-Art 60 of the Constitution Fujimori-Yoshiyama. It's time.



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