National oil production between March 1 and 8 fell to 25,000 barrels per day. The figure represents a drop of 39% in relation to what was registered in the same period last month, reported the Peruvian Hydrocarbons Society (SPH).
According to the union, this setback is due to the lowest production of Lot 95located in Puinahua, Loreto, operated by the PetroTal company, because since March 1 a group of community members has been hindering the activities of that oil field as a measure of pressure against the government, demanding compliance with the Gap Closure Plan ( PCB) from the Amazon.
Oil production
“The situation that the national hydrocarbon industry is going through is critical, currently, despite having reserves, only 25% of the crude oil that the country needs is produced, the rest must be imported,” says the SPH.
The entity adds that the volatility of international crude as a result of the conflict between Russia and Ukraine is added to this scenario. “Peru is a net importer of oil, so a significant increase in the international price of this commodity will mean a higher payment for imports,” he says.
In this regard, Felipe Cantuarias, president of the SPH, points out that if the country had social peace and measures that encourage local hydrocarbon production, “we would not only be able to cover our internal demand but also generate higher tax revenues from royalties and taxes. ”.
At the end of 2021, the payment for royalties from the oil and gas sector was US$ 1,241 million.
Source: Larepublica
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