The Ministry of Energy and Mines (Minem) will promote this year the parallel construction of the Coastal Gasduct and the South Andean Gasduct (SIT-Gas) to integrate the so-called Southern Energy Ring, an infrastructure 3,797 kilometers long. During his presentation at the CIP-CDLIMA Chemical Engineering Chapter Week, the minister Oscar Vera He said that both projects […]
Tag: Minem
The price of LPG bottles will rise starting today, producer unions announce
Progressive increase responds to the new Supreme Decree that establishes that the price of this fuel will be calculated based on its international price. The measure would affect more than 7 million homes that use LPG cylinders for cooking. Join the La República WhatsApp channel Price of the dollar in Peru: what is the exchange […]
The first fertilizer plant in Peru will be installed in Marcona, Minem announces
Next July, the Ministry of Energy and Mines (Minem) will have ready the name of the company that will be in charge of the construction and operation of the first fertilizer plant in Marcona (Ica), intended to supply the local market with natural gas from Camisea. During his presentation at the CIP-CDLIMA Chemical Engineering Chapter […]
The first fertilizer plant in Peru will be installed in Marcona, Minem announces
Next July, the Ministry of Energy and Mines (Minem) will have ready the name of the company that will be in charge of the construction and operation of the first fertilizer plant in Marcona (Ica), intended to supply the local market with natural gas from Camisea. During his presentation at the CIP-CDLIMA Chemical Engineering Chapter […]
Minem begins evaluation of 92 mining projects that will generate more than US$4.47 billion
A total of 92 mining projects presented by the owners, for an amount of US$4,470 million in investments, are being evaluated to obtain authorization for Exploration, Exploitation and Benefit Concession, as appropriate, by the General Directorate of Mining (DGM) of the Ministry of Energy and Mines (MINEM). In this group, the Inmaculada Replacement projects (US$2,835 […]
PCM once again puts Petroperú in check against its bondholders
After the rejection of a new support of US$1,150 million, the president of the Council of Ministers, Alberto Otárola, has added a new setback to the financial and corporate recomposition of Petroperú, by announcing a “reform of its board of directors to seek efficiency,” a process which had only been underway since September. One of […]
Peru will achieve a record of 4.7 million MT of copper in 2023, but mining revenue sinks 40%
Peru will close 2023 with an annual production of 2.7 million metric tons (MT) of copper, its historical peak for a metal that ended the year above US$3.84 per pound, but that will not be enough to maintain its place as the second largest global supplier nor replicate its previous collection levels. Official data from […]
Stabilization Fund: LPG-E band will be defined by Import Parity Price
The Ministry of Energy and Mines (Minem) determined that the price band for packaged liquefied petroleum gas (LPG-E, also known as kitchen ball) will be defined by the Import Parity Price (PPI), and now not by Export Parity Price (EPP), in the Fuel Price Stabilization Fund (FEPC). Through supreme decree No. 001-2024-EM, the Peruvian Government […]
In November, the gasoline produced by Petroperú was sold twice as much at private taps
In November 2023, the average public price of Regular Gasohol cost twice the net price of Petroperú’s wholesale production, according to figures from the Ministry of Energy and Mines (Minem). The difference was made by the intermediaries, since Petroperú does not have taps. According to the report from the General Directorate of Hydrocarbons (DGH), the […]
More than 40,000 Peruvians will have natural gas in the south starting this year
The Ministry of Energy and Mines (Minem) will record this year a record figure for the South West Concession of natural gas managed by Petroperú, with a total of 12,118 connections for the regions of Arequipa, Tacna, Moquegua and Ilo. That is to say, in a single year the same progress will be made with […]