The Canadian mining company Argentina Lithium will extend its lithium Rincón Oeste and Antofalla Norte, in northern Argentina, after having entered into agreements to add two mining concessions on neighboring salt flats. As reported this Wednesday by the company, in a statement, it has signed a property option agreement for Don Fermín, an area of […]
Tag: hydrocarbons
Argentina promotes a law for investments in mature oil areas
The government of Argentina sent to Parliament a bill to encourage investments in mature hydrocarbon areas, official sources confirmed to EFE this Saturday. The initiative, whose submission to Congress had been anticipated days ago by the Minister of Economy and presidential candidate, Sergio Massaincludes elimination of taxes and other fiscal incentives for the exploitation conventional […]
Crisis in the Middle East would affect the supply of crude oil and cause price increases
The current crisis in middle East It has the potential to disrupt the global supply of crude oil and cause prices to rise. But a repeat of the catastrophic price increases and long lines at gas stations seen after the 1973 Arab oil embargo is unlikely, experts say. The war between Israel and Hamas “definitely […]
Talara: reprivatization is reborn in Congress
Retroactive reprivatization without time limits has returned to the agenda of the Congress of the Republic, after the Energy and Mines Commission I will try this Tuesday expedite the debate of bills 804 and 2279settled in 2022. The devices presented jointly by legislators Carlos Alva (formerly of Acción Popular) and José Jerí (Somos Perú), respectively, […]
Petroperú is qualified to operate blocks I, VI and Z-69 of Talara
The state agency Perupetro, in accordance with the Regulations for the Qualification of Stakeholders to Carry Out Exploration and Exploitation or Hydrocarbon Exploitation Activities, informed Petroperu of its qualification to operate oil blocks I, VI and Z-69 (formerly Z-2B). According to the document GGRL-PRCO-GFCN-01399-2023to which The Republic had access, this classification as “Economic Subject” is […]
INEI: economy fell 1.43% in May, the lowest rate in 2 years
El Niño Costero continues to have negative repercussions on the Peruvian economy. Yesterday, the National Institute of Statistics and Informatics (INEI) reported that national production fell 1.43% in May. Such a low rate has not been observed since February 2021 (-3.35%). Although this indicator was in the green in March (0.22%) and April (0.31%), plus […]
ADEX: Peruvian exports fall 0.15% in May
The peruvian exports they reached US$25,787 million, which represents a fall of 0.15% in the first 5 months of the year, according to the Association of Exporters (ADEX). This result is attributed to political instability and weather phenomena recorded in different regions. In addition, it is in line with what was projected by the Central […]
Talara: US$6.25 billion oil reserves on the verge of potential reprivatization
There would be oil worth no less than US$6.25 billion in talaradivided into 8 lots that maintain a joint reserve of almost 100 million barrels and that could be re-privatized in the next five years before the expiration of the permits signed three decades ago. During the event ‘Peru: hydrocarbons and the future of oil […]
Perupetro: collection in the hydrocarbons sector reached US$564 million until May 2023
Amount corresponds to royalties and net sales generated by the production of gas, natural gas liquids and oil in the country. From 1993 to date, income from hydrocarbon production amounted to US$24.390 million. Fonavi: pave the way to initiate returns Price of the dollar today in Peru: what is the exchange rate for this Friday, […]
Peruvian exports fell 2% in the first 4 months of the year
Although in April Peruvian exports (US$5,373 million 634,000) closed with a rise of 6.7%, the global amount for the first four months of the year (close to US$20,817 million) registered a fall of 2%, which shows the difficult moments that the country experienced in that period as a result of political instability and weather phenomena. […]