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 […]
Tag: hydrocarbons
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. […]
Also under its crust, the Earth is altered by man
Also under the earth’s crust, man alters the planet. The injection of a large amount of water to extract hydrocarbons through fracking (hydraulic fracturing) causes earthquakes, although for now none of the magnitude of those registered in Türkiye and Syria in February, geologist Eric Sandvol told EFE. In an interview on the occasion of Earth […]
New stain in the sea confronts OEFA and Repsol
More than a year from oil spill In the Ventanilla sea, Repsol’s remediation actions continue to be a matter of controversy on the part of the environmental authority. On this occasion, the OEFA reported the presence of hydrocarbons near the area of the Multibuoy Terminal 2 of the La Pampilla refinery, which, according to the […]