Energy in Peru

  • Peru in need of US$2bn/y exploration boost - Perupetro

    PERU, 2013/11/10 Peru's oil and gas exploration sector will need investments of at least US$2bn/y to guarantee next increase, according to the country's hydrocarbons promotion agency Perupetro. And developers must invest additional in data acquisition programs to attract flagging interest from investors, Perupetro's president Luis Ortigas said during the 10th BNamericas Southern Cone Energy Summit in Lima on Wednesday. "There needs to be better investments to better study new areas and make opportunities additional attractive," Ortigas said.
  • Latin America facing energy credit crunch

    PERU, 2013/11/10 Latin America's Atlantic nations face a credit vacuum for next energy projects amid rising political and economic uncertainty, according to Peruvian pension fund group Asociación de AFP. Speaking during the 10th BNamericas Southern Cone Energy Summit in Lima on Thursday, the association's president Luis Valdivieso Montano said lenders had begun to separate the region's key markets. He cited Colombia, Chile, Peru, Panama and Mexico as nations that are being prioritized by financial institutions.