A New Regulator in the Hydrocarbons Sector?

By
Josefina Cortes Campo

 

We should start by saying that it would be very difficult to disagree with those who argue that it is necessary to guarantee the institutional strength and autonomy of the regulators. This is because a strong institutional environment capable of effectively regulating monopoly and vertically-integrated industries is always indispensable when it comes to structural reforms and whenever the main goal is to ensure the proper development of processes for opening up to private investment in a free competition environment. This has been shown by the specialized literature of the last thirty years.

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