Peru Oil and Gas Industry Eyes Rebound

Peru's oil and gas industry is hoping for a rebound in 2021 following a year marred by the COVID-19 pandemic, violent indigenous protests and political instability

RIO DE JANEIRO, BRAZIL - With oil and gas fields, and the 200,000 b/d North Peruvian oil pipeline, shut down repeatedly by social conflicts and a three-month lockdown, Peru's government is now focused on jumpstarting its economy, which is estimated to grow 10% in 2021 following a 13% contraction in 2020.

Many of the projects on track to come on line in 2021, including three copper mines and the US$5 billion Talara oil refinery expansion, are expected to spur oil imports, which currently average 150,000 b/d.

State contracting agency Perupetro is preparing two E . . .

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