At least 16 of the 33 Latin American and Caribbean countries are involved in about 50 major new oil and gas onshore and offshore projects…
According to the latest report from the International Energy Agency (IEA) production in Latin America and the Caribbean, which stood at 8m barrels a day (mb/d) in 2022, will grow by 5.8 mb/d by 2028. With increased production in countries such as Brazil and Guyana and new projects all over the region, non-Opec countries are strengthening their foothold in the oil and gas market, playing a crucial role in the shifting geopolitics of oil and gas worldwide.
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