With the startup of the 10.8 trillion cubic feet Camisea natural gas field, Peru is expected to develop into a significant regional producer and exporter of gas. The country also represents a potentially expanding market for U.S. and other foreign energy companies.
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GENERAL BACKGROUND
Beginning with Alberto Fujimori's election as President on July
28, 1990, Peru has emerged as a major economic success story after
two decades of economic deterioration (including hyperinflation
and lack of growth) caused by anti-business policies, protectionism,
heavy state controls on economic activity, and an active terrorist
insurgency. Since President Fujimori was first elected in 1990,
Peru's government has dramatically shifted its economic policies
towards a more freemarket orientation, and has eliminated
nearly all trade, investment, and foreign exchange controls.
During late 1996 and the first three months of 1997, Peru endured
a hostage crisis at the Japanese ambassador's residence. Until
freed by Peruvian government forces in April, the hostages were
held by a anti-government guerilla group called the Tupac Amaru
Revolutionary Movement (MRTA), founded in 1983. This incident
was a psychological setback in Peru's campaign against terrorism,
which many had thought was all but over. Beginning in 1980, when
the Maoist-inspired Shining Path guerilla movement took up arms,
more than 30,000 people had been killed. In recent years, however,
Peru's government had largely suppressed terrorism, particularly
since a 1992 crackdown highlighted by the government's declaration
of a state of emergency.
Peru's economy grew at an average rate of around 8.5% between
1993 and 1995. This growth slowed significantly during 1996, however,
largely as a result of monetary and fiscal tightening begun in
1995 in response to an unsustainably high current account deficit
(considered Peru's most serious economic problem) and high inflation
rates. In 1997, Peru's economic growth picked up again, to around
6%-7%, while inflation slowed to between 7% and 8%, the lowest
level since 1973. Meanwhile, Peru's international reserves reached
$10.5 billion -- the highest level ever -- in October 1997. On
November 28, 1997, Peru's Congress approved a budget for 1998
which projects economic growth of 5%, inflation of 8%, exports
of $7 billion and imports of $8.75 billion, and a fiscal deficit
at 0.3% of gross domestic product (GDP). Economic growth in 1998
is expected to be lower than in 1997 due in part to negative effects
from the "El NiZo" weather phenomenon on Peru.
The Peruvian government is proceeding with a wide-reaching privatization
program which began in 1991. Between 1992 and 1995, this program
raised about $5 billion (plus $4 billion in investment pledges).
Recently, privatization has continued at a somewhat slower pace.
In 1998, for instance, the program is expected to earn $600 million
in revenues for the government. According to Ernesto Mistumasu,
head of the state privatization commission (Copri), the government
privatized 28 state companies during 1997, and hopes to complete
privatization of state companies by 2000. Privatization of state-owned
companies is a central element in the government's plans to attract
foreign investment and move Peru's economy to a more free-market-oriented
stance.
In December 1997, South America's main trading bloc, the Southern
Cone Common Market (Mercosur -- consisting of Argentina, Brazil,
Uruguay, and Paraguay) agreed to extend by six months trade preferences
afforded to the Andean Community (ANCOM), of which Peru is a member.
ANCOM was set up in March 1996 by leaders of Bolivia, Colombia,
Ecuador, Peru, and Venezuela. At that time, the five national
leaders expressed their intent to move towards a single market
along the lines of the European Union, although significant policy
differences needed to be worked out. In another trade-related
development, President Fujimori announced in late November 1997
that Peru had been invited to joint the Asia Pacific Economic
Cooperation (APEC) forum.
Questions and controversy continue regarding the legality of President
Fujimori possible bid for a third presidential term in 2000, when
his current term expires. Although Article 135 of Peru's constitution
bars a president from seeking a third term, ambiguity exists as
to whether this applies to Fujimori, whose first term started
in 1990, prior to adoption of the current constitution. In May
1997, a constitutional tribunal voted against a legal interpretation
that would have allowed Fujimori to seek a third term. Following
this, the Fujimori-controlled Congress removed three judges from
the tribunal, leading to large anti-government protests. In December
1997, Peru's Congress passed a law which Fujimori's opponents
claim will allow him to run for a third term. President Fujimori
has not indicated publicly whether or not he will run for reelection
even if allowed to do so.
Tensions continue to flare up periodically between Peru and its
northern neighbor, Ecuador. For more than 50 years, the two countries
have disputed a large swath of rain forest now part of Peru. This
dispute has resulted in three wars, including a brief one in 1995
in the disputed Cordillera del Condor region along Peru's northeastern
border. Peru claims (and Ecuador disputes) that the two countries'
border was set under a 1942 treaty known as the Rio Protocol.
In early 1997, a round of peace talks between Ecuador and Peru
concluded without success. In late November, a second round began.
Meanwhile, Peru's President Alberto Fujimori has stated that his
government wants a permanent settlement with Ecuador before the
end of the century. At the same time, Peru has accused Ecuador
of trying to "socially and culturally infiltrate" indigenous
communities along the disputed border, and has purchased a fleet
of advanced MiG-29 jets from Belarus, sparking fears of a regional
arms race.
On December 20, 1997, a dispute between President Fujimori and
Peru's top general, Nicolas Hermoza, resulted in fears of a coup
d=etat attempt. In the end, however, military units backed down
and returned to their barracks. In the days preceding the crisis,
President Fujimori had stated that General Hermoza had played
no role in rescuing 72 hostages from the Japanese ambassador's
residence in April. Fujimori also said publicly that he was considering
removing Hermoza, armed forces chief since 1991, from his post.
OIL
Peru's crude oil production fell sharply in the late 1980s and
early 1990s, before a modest recovery beginning in 1993. In 1996,
however, crude production appears to have fallen once again, with
only a slight recovery during the first nine months of 1997. More
than half of Peru's total oil production of about 123,000 barrels
per day (bbl/d) comes from Occidental Petroleum's Block 1-AB on
the disputed border with Ecuador. Argentina's Pluspetrol, Peru's
state company Petroperu, and U.S.-based Petro-Tech account for
most of the rest. Peru is now badly in need of new oil discoveries,
particularly after recent discouraging exploration efforts by
Coastal, the U.K.'s Enterprise Oil, and U.S. company Quintana
Minerals in Peru's northern jungle region.
In December 1997, U.S. firm Pangaea Peru Energy took over operation
of Murphy Oil's Block 71, located in the Ucayali Basin, partly
bordering Brazil. Meanwhile, Peru's state oil regulatory company
Perupetro announced that it was preparing an international tender
for exploration and development contracts in two blocks (36 and
38) located in south central Ucayali north of the giant Camisea
natural gas field. Another area (Block 85) in the Ucayali basin
was licensed in August 1997 to Mosbacher Energy Co., PanEnergy
Corp., and Peru's Buenaventura Ingenieros. Block 85 covers 400,000
acres in Ucayali bordering the Aguaytia natural gas fields being
developed by Aguaytia Energy Peru, a group led by Maple Gas of
Dallas. In February 1997, Phillips Petroleum signed an oil and
gas exploration and development contract with Perupetro for the
3 milllion acre Block 82 located south of Pangaea's Block 71.
In October 1997, Prime Minister (and Energy Minister) Pandolfi
announced that Argentina's Pluspetrol Energy S.A. plans to invest
$100 million in oil exploration and development in Peru during
1998. Pluspetrol currently is producing oil from Peru's Block
8 area, and is exploring Blocks 54, 79, and 8X. In another development,
Olympic Oil signed a 7-year, $12.5 million exploration and production
contract on May 30, 1996 for a block on Peru's northwestern coast
in the Sechura Basin. Meanwhile, U.S. independent oil company
Barrett Resources has estimated that its Block 67 in northern
Peru holds up to 2 billion barrels of crude oil. Unfortunately,
the oil is most likely heavy and therefore will be difficult to
extract and move by pipeline, according to Barrett.
Peru has awarded 40 exploration and production blocks to private
firms in auctions in recent years. These include a large block
(Z-1) located off the coast of Tumbes in northern Peru. Z-1 was
awarded in August to Occidental Petroleum and Perez Companc of
Argentina. Peru hopes that favorable government policies, a relatively
stable economic and political situation, and an improved security
situation will help attract even more foreign oil companies, expand
oil production, and help reduce the country's foreign trade deficit
(of which fuel imports account for about one-sixth).
In November 1997, Prime Minister Pandolfi announced that privatization
of state oil company Petroperu would be completed by the end of
1998. Previous speculation had been that Petroperu's privatization
would not be completed until 1999. Pandolfi did not specify whether
or not Petroperu would be completely privatized.
Refining, Pipelines, Terminals
Peru's privatization effort in the oil sector kicked off in early
June 1996 with the sale of a 60% share in Peru's largest oil refinery
-- La Pampilla -- to a consortium of Spain's Repsol, Argentina's
YPF, and Mobil Oil for $180.5 million. Petroperu's 62,000 bbl/d-capacity
Talara refinery, located in the department of Piura on Peru's
northwest coast, is the last significant refinery set to be sold
under the country's privatization program. In April 1997, Copri
gave Petroperu the go-ahead to sell 60% of Talara, which is Peru's
second largest refinery.
In November 1997, Peru announced the terms for operating contracts
on Petroperu's 10 oil product terminals. The terminals, all located
near the coast, have been divided into three business units --
north, central, and south -- each with storage capacity of about
1 million barrels. On December 15, 1997, three bidders presented
credentials for the auction of a 15-year concession on the storage
terminals.
NATURAL GAS
In June 1996, Shell and Mobil signed a $2.68 billion contract
to develop the giant Camisea natural gas field, which contains
an estimated 11 trillion cubic feet of gas and 600 million barrels
of condensate. These reserves are found in two reservoirs -- San
Martin and Cashiriari -- lying on either side of the Camisea River.
Overall, Camisea contains about seven times Peru's total current
oil reserves. Shell has a 57.5% share of the contract to develop
Camisea, with Mobil owning the remaining 42.5%. Under its contract,
the Shell/Mobil consortium has until May 1998 to decide whether
or not to move beyond evaluation and proceed with development
of Camisea.
Currently, Peru's government is attempting to decide on tax levels
for gas produced at Camisea. This, along with winning future customers
for the gas, represents a critical issue for Shell and Mobil in
determining the project's economic viability. The consortium is
particularly concerned that coal from Colombia, imported tax free
as part of ANCOM, will make Camisea gas uncompetitive. In October
1997, Peru's Energia del Sur (EnerSur -- a subsidiary of Belgium's
Tractabel) signed contracts with Hitachi to supply equipment and
oversee construction on two, 125-megawatt thermal plants. The
plants are to be equipped with boilers capable of running on either
coal or gas, and are to be sited near the port of Ilo where EnerSur's
main customer, Southern Peru Copper Corporation, has a huge copper
smelter and refinery. Meanwhile, Shell and Mobil also place a
high priority on gaining EnerSur as a customer for Camisea gas.
Development of Camisea, the largest gas field in South America,
will be made more costly by the fact that it is located in remote
jungle more than 800 miles southeast of Lima. Eventually, however,
Camisea is expected to turn Peru from a net importer of hydrocarbons
to a net exporter. Shell has estimated that Camisea eventually
could produce up to 500 million cubic feet per day (Mmcf/d) of
gas and 50,000 bbl/d of condensates after it starts production,
possibly as early as 1999. Gas and condensates are to be transported
across the Andes to Lima (via Pisco on the southern coast) by
at least two parallel pipelines beginning in 2001. The pipelines
are to be constructed at a cost of $2 billion by a consortium
including the Bechtel Group, Odebrecht S.A. of Brazil, and COPASI
of Peru. In the Pisco area, the fish industry and an iron-carbide
plant represent potential customers for Camisea gas. In Lima,
the cement industry would be the largest customer. Also, Shell
and Mobil in September 1997 signed a letter of intent with Lima's
private electric generating company Etevensa for the purchase
of Camisea gas (130 Mmcf/d for 20 years). The gas would be used
in Etevensa's 480-megawatt power plant (the country's largest)
at Ventanilla, just north of Lima. Currently, the Ventanilla plant
is running on diesel.
Besides field development, development of Camisea will involve
construction (to be completed by early 2000) of a private 300-megawatt
(MW) power plant at Camisea by the U.S. company Intergen, along
with Shell and Mobil. The consortium has formed a new company,
EnerPeru SRL, to build, own and operate the plant. In addition,
Mobil and Shell are required to contract with third parties in
constructing two 300-MW electric power transmission lines, one
to Peru's central northern grid and another to the south. Major
customers for this power could include large mining companies,
utilities, and cement manufacturers. If Camisea reaches its potential,
it is expected to produce up to $1 billion a year and to attract
billions of dollars worth of new industry, including a series
of petrochemical facilities, to Peru.
Besides customers within Peru for Camisea gas, Brazil's state
oil company Petrobras represents a potentially large foreign customer.
Currently, Petrobras has an agreement with Bolivia for large-scale
gas deliveries from Bolivia. However, Petrobras has formally asked
Bolivia to more than triple deliveries of gas via the Bolivia-Brazil
pipeline within five years. Since this may not be possible given
Bolivia's gas reserves, the possibility has increased of building
(at a cost of at least $800 million) an additional, large-scale
pipeline for gas shipments from Camisea connecting to the main
Bolivia-Brazil line. On September 4, 1996, a contract to build
a $1.9 billion, 1,240mile pipeline from Santa Cruz, Bolivia
to Rio Grande do Sul, Brazil was signed. Meanwhile, Brazilian
and Peruvian leaders have held talks on possible bilateral energy
integration to facilitate gas trade. Brazil is interested in imports
of natural gas largely for electricity generation. The Bolivia/Brazil/Peru
pipelines could represent an important link in a future regionally
integrated gas network for the entire southern cone of South America.
Aguatiya, located north of Camisea, represents another area of significant natural gas development in Peru. In December 1996, the Inter-American Development Bank (IADB) authorized a $60 million loan to help finance an integrated gas and power project, including a 155-megawatt electric plant, at Aguatiya. The project also includes drilling of five new gas wells and construction of natural gas pipeline and processing facilities. Work will be carried out by a consortium of Maple Gas, PanEnergy, El Paso Energy Development, Illinova Generating, Scudder Latin American Trust for Independent Power, and Power Markets Development Corporation.
ELECTRIC POWER
As of early 1996, Peru had a total of 3,800 megawatts (MW) of
installed electric generation capacity. Of this, about 65% was
hydroelectric. Thermal plants fired by diesel or fuel oil supplied
the remainder. Today, about half of all capacity is operated by
wholly- or partially-state-owned companies (including ElectroPeru,
Electrica del Sur -- Egesur, Empresa de Generacion Electrica de
Arequipa -- Egasa, and Edegel), 30% by mining and industrial self
generators, and 20% by private electric generation companies.
A free-market legal framework for Peru's electricity industry
was established in 1992, under Decree Law No. 25844, Law of Electrical
Concessions. This law reversed the 1972 decision to nationalize
ElectroPeru. In addition to privatization, the government has
reduced subsidies on electricity prices to consumers in recent
years. Peru's Ministry of Energy and Mines is responsible for
enforcing compliance with laws regarding electricity.
On November 6, 1997, Peru's congress approved legislation limiting
firms to a 15% market share in electricity generation, transmission
or distribution. The law also allows the government to block any
acquisition giving a private company more than a 5% market share
in more than one electric power sector. Finally, the legislation
gives Peru's government the right to veto any acquisitions deemed
contrary to the "national interest." In another matter,
Peru's government said in mid-December that it would open up to
increased competition the market in equipment used to monitor
and verify customers' electricity usage and billing.
Peru's electric power demand is growing rapidly, and is expected
to require $300-$350 million annually in investment through 2000.
Power demand increases are being driven by population and economic
growth, along with expansion of the country's copper mining sector,
which is highly energy-intensive. To accommodate this increased
demand, several power projects are planned in the near-term, including
a 20-30 MW plant at the port of Mollendo, a 20 MW facility near
Tacna (in southern Peru near the Chilean border), and expansion
of existing capacity by local utilities Egasa and Egem. At present,
about 65% of Peru's households and businesses are connected to
the national electricity grid. By the year 2000, this share is
expected to reach about 75%.
Privatization and attraction of foreign investment is another
important part of Peru's strategy to meet power demand growth.
In June 1996, ElectroPeru transferred four power plants to its
wholly-owned subsidiary Egenor, prior to auctioning off a 60%
stake in the company. In late June 1996, U.S.-based Dominion Energy
acquired a 60% stake in Egenor for $228 million. Earlier, in December
1995, a consortium led by New Orleans-based Entergy Corporation
acquired 60% of Edegel, greater Lima's 700 MW utility, for $425
million in cash and $100 million in external debt paper.
Peru's government intends to continue with power sector privatization
by completing the sale of Luz del Sur (the power distribution
company for Lima), Edegel (Peru's largest producer of electricity),
and Edelnor (power distribution company for northern Peru). In
December 1997, Edegel signed a contract with construction company
Grana y Montero to build Yanango Hydroelectric plant, 130 miles
northeast of Lima. In 1998, state privatization agency COPRI plans
to sell the government's remaining share in electric generating
and/or distribution companies Electro Norte, Electro Centro, and
Egesur.
In April 1997, NorEnergetica, a subsidiary of Illinois-based Peru
Power Holdings, signed a $1.5 billion contract with Luz del Sur
to build a 500 MW gas-fired power plant in northern Peru. In other
developments, Maple Gas is building a 145 MW natural gas-fired
power plant in the north-center of the country. The plant is expected
to be completed by the end of 1998. In another project, a U.S.
consortium made up of Intergen and Community Energy Alternatives
was selected in early 1997 to build a 600 MW gas-fired plant in
Cuzco as part of the development of Camisea by Mobil and Shell.
The Chilean power company Chilgener in June 1997 agreed to purchase
a 29% share in Egenor. Chilgener bought the portion of Egenor
for $123 million from Dominion Energy, which continues to hold
11% of the company. The remaining 40% of Egenor is held by ElectroPeru.
Egenor owns 405 MW of hydroelectric and thermal power generating
capacity at 8 sites. Chilgener's purchase marked the company's
entry into Peru's electricity generation sector, where its competitor
Endesa already owns 820 MW of generating capacity (including 25.8%
of Edegel) with plans for a further 250 MW by 2000. In May 1997,
Edegel, which has about 800 MW of installed generating capacity,
won the right to supply electricity for 15 years to zinc mining
company Cominco. The deal, worth $450 million, is for the Cajamarquilla
zinc refinery located near Lima.
An auction for the 217-mile Mantaro-Socabaya high-voltage power
line, which will link Peru's northern and southern electric grids,
originally planned for November 21, 1997, is currently scheduled
for January 15, 1998. Italy's ENEL, the U.K.'s National Grid Group,
and Hydro-Quebec of Canada have pre-qualified to bid, with Spain's
Red Electrica also expected to submit a bid on the project. Whichever
company wins (at an estimated cost of as high as $325 million)
will have 36 months to connect the two grids, and a 30-year operating
concession.
ENVIRONMENT
Development of Peru's oil and gas resources poses significant
environmental challenges. First and foremost, most of Peru's oil
and gas is located in largely virgin rainforest, most of which
is practically inaccessible and contains rich biodiversity. In
addition, the rainforest is home to indigenous peoples, many of
whom would be affected by oil and gas development in their region.
The National Environmental Council (Conam) and the Peruvian Institute
of Business Administration (IPAE) organized Peru's first national
environmental conference -- Ecodialogue '96 -- on April 18-19,
1996. Conam was established in 1995 to coordinate national environmental
policy and to promote sustainabledevelopment of the country's
natural resources. Ecodialogue provided a forum for discussion
of various environmental issues, including: the link between trade
and the environment; grassroots participation in environmental
impact assessments; debt-for-nature swaps; and the environmental
impact of mining and oil industries, particularly on Peru's rainforest.
The conference resulted in broad consensus on concepts but few
concrete proposals for action. However, at the end of the conference
Conam President Gonzalo Galdos presented an environmental action
agenda for 1996-1997. Among other items, this agenda included
the following general goals: set up a basic structure for the
National Environmental Management System; establish a National
Environmental Fund; create a national environmental information
system; strengthen national committees on biodiversity, climate
change, and desertification; establish regulations for environmental
arbitration; and develop institutions to conduct environmental
impact assessments.
COUNTRY OVERVIEW
ECONOMIC OVERVIEW
ENERGY OVERVIEW
ENVIRONMENT OVERVIEW
OIL AND GAS INDUSTRIES
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In addition, EIA does not guarantee the content or accuracy of any
information presented in linked sites.
Peru's Ministry of Energy and Mines Home Page (in Spanish)
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File last modified: January 6, 1998
Contact:
URL: http://www.eia.doe.gov/emeu/cabs/peru.htm
President: Alberto Fujimori (since July 28, 1990; re-elected on
April 9, 1995)
Prime Minister: Alberto Pandolfi
Independence: July 28, 1821 (from Spain)
Population (1997E): 24.4 million
Location/Size: Western South America, between Chile and Ecuador;
496,223 square miles (slightly smaller than Alaska)
Major Cities: Lima (capital)
Languages: Spanish (official); Quechua (official); Aymara
Ethnic Groups: Indian (45%); mestizo (37%); white (15%); black,
Japanese, Chinese, and other (3%)
Religions: Roman Catholic
Defense (8/96E): Army (85,000), Navy (25,000), Air Force (15,000),
Paramilitary Police (66,000)
Currency: 1 Nuevo sol (Ns) = 100 centimos
Market Exchange Rate (12/17//97): US$1 = Ns 2.72
Gross Domestic Product (GDP, at market exchange rates) (1996E):
$61.3 billion
GDP Growth Rate (1997E): 6%-7%
Inflation Rate (consumer prices, 1997E): 7%-8%
Current Account (1997E): -$3.2 billion
Merchandise Exports (1997E): $6.8 billion
Merchandise Imports (1997E): $8.3 billion
Merchandise Trade Balance (1997E): -$1.5 billion
Major Export Products (1996E): Copper (18%); fish meal (14%);
zinc (7%), oil (5%)
Major Import Products (1996E): Raw materials (41%); capital goods
(31%); consumer goods (23%)
Major Trading Partners (1997): United States (23% of total trade),
Japan (7%), Chile (6%), Colombia (6%), Brazil (5%), Germany (5%),
Venezuela (4%), China (4%), U.K. (4%)
Total Foreign Debt (1997E): $30 billion
Foreign Exchange Reserves (1997E): $11.8 billion
Energy and Mines Minister: Alberto Pandolfi
Proven Oil Reserves (1/1/97): 808.4 million barrels
Oil Production (1997E): 123,000 barrels per day (bbl/d), of which
120,000 bbl/d is crude oil
Oil Consumption (1997E): 152,000 bbl/d
Net Oil Imports (1997E): 29,000 bbl/d
Crude Oil Refining Capacity (1/1/97): 182,250 bbl/d
Natural Gas Reserves (1/1/97): 7.0 trillion cubic feet (Tcf)
Natural Gas Production (1996E): 34 billion cubic feet (Bcf)
Natural Gas Consumption (1996E): 34 Bcf
Recoverable Coal Reserves (12/31/93): 1.17 billion short tons
Coal Production (1996E): 176,000 short tons
Coal Consumption (1996E): 605,000 short tons
Electric Generation Capacity (1/1/96E): 3.8 million kilowatts,
about 65% of which is hydroelectric
Electricity Generation (1996E): 16.2 billion kilowatthours
Total Energy Consumption (1996E): 0.50 Quadrillion Btu
Energy Consumption per Capita (1996E): 20.8 million Btu (vs. 351.9
million Btu in the U.S.)
Energy Consumption per $1987 of GDP (1996E): 17.5 thousand Btu
(vs. 16.7 thousand Btu in U.S.)
Energy-related Carbon Emissions (1996E): 6.8 million metric tons
(0.1% of the world total)
Carbon Emissions per Capita (1996E): 0.28 metric tons (vs. 5.5
metric tons in U.S.)
Carbon Emissions per thousand $1987 of GDP (1996E): 0.24 metric
tons (vs. 0.26 metric tons in U.S.)
Major Environmental Issues: Deforestation; soil erosion; desertification;
air pollution in Lima; pollution of rivers and coastal waters
from municipal and mining wastes
Organization: Perupetro, which started operating in 1993, is the
state company responsible for overall regulation and licensing
of the country's oil and gas industries. Perupetro also negotiates
oil and gas contracts with companies to explore and/or produce
in Peru. Petroperu is the state oil company and Electroperu is
the state electric power company. Regional state-owned electric
companies Egenor (for the north of Peru) and Egesur (for the south),
as well as state mining company Centromin, are also slated for
privatization.
Ports: Callao, Chimbote, Ilo, Iquitos, Matarani, Paita, Pucallpa,
Salaverry, San Martin, Talara, Yurimaguas
Major Natural Gas Field: Camisea
Foreign Energy Company Involvement: Barrett Resources,
Coastal, Elf Aquitaine, Enterprise Oil, Exxon, Hanwha Energy,
Hyundai, Korean Petroleum Development Corp., Maple Gas, Mobil,
Mosbacher Energy, Occidental Petroleum, PanEnergy, Pangaea Peru
Energy, Perez Companc, Phillips Petroleum, Pluspetrol, Quintana
Minerals, YPF
Pipelines: 500 miles for crude oil; 40 miles for natural gas
Refineries (crude oil capacity): La Pampilla Lima (100,000
bbl/d); Talara (62,000 bbl/d); Iquitos Loreto (10,500 bbl/d);
Conchan (6,500 bbl/d); Pucallpa (3,250 bbl/d)
EIA - Country Information on Peru
CIA 1997 World Factbook - Peru
U.S. Department of Energy's Office of Fossil Energy's International section - Peru
U.S. State Department Background Notes on Peru
U.S. State Department Consular Information Sheet on Peru
U.S. Trade and Development Agency - Latin America and the Caribbean
LatinWorld's section on Peru
Lowell Feld
lfeld@eia.doe.gov
Phone: (202)586-9502
Fax: (202)586-9753