The Bolivian model of massification is coming to an end. The former Minister of Hydrocarbons of Bolivia and today managing partner of Gas Energy Latin America Alvaro Rios analyzes a scheme that marginalized private investment and that will force the highland country to turn on its gas pipeline with Argentina, but in the opposite direction […]
Tag: hydrocarbons
Oil company Petrobras begins drilling in the controversial Equatorial Margin
The Brazilian state Petrobras announced this Saturday that it began drilling in the new oil horizon known as the Equatorial Margin, a region located in the north of the country and whose exploitation has caused controversy due to its proximity to the mouth of the Amazon. The company began work in search of oil and […]
Hydrocarbon companies paid US$1,024 million in royalties until October 2023
A total of US$1,024.1 million was paid to the Peruvian State by companies that work in the hydrocarbon sector for royalties in the period from January to October of this year, indicated the National Society of Mining, Petroleum and Energy (SNMPE). The energy mining union noted that this figure (US$1,024.1 million) represented a drop of […]
Canadian Argentina Lithium extends its lithium project in northern Argentina
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 […]
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 […]