The attacks provoked by Iran against Israel, in response to the bombing of the diplomatic headquarters of the first of these two countries in Syria, will anticipate a new increase in world oil prices. Although Israel – immersed in war with Palestine over Gaza – is not an oil producing country, the old nation of […]
Tag: Petroleum
Lot X in its final stretch: this Thursday the Petroperú partner is known
Only two consortiums presented themselves to accompany Petroperú in the next operation of Lot X of Talara, the most important in the northwest basin. The agreement is to grant 60% of the participation to the private operator, and 40% to the Peruvian state company, but the latter will not make risk investments in exploration. These […]
South Sudan, on the verge of bankruptcy due to the war that prevents oil exports
Sudan of the South is on the verge of bankruptcy due to the cessation of its oil exports, interrupted by the war that began a year ago in Sudan between the Army and the paramilitary group Rapid Support Forces (FAR) and which stopped the operation of the oil pipeline that transported the crude oil from […]
Mining booming: production increases by 15.94% in February
By Susana Condado The activity of the sector Mining and Hydrocarbons has experienced a notable increase during the month of February, according to the recent report from the National Institute of Statistics and Informatics (INEI) on the current progress of economic activity. The production of the Mining and Hydrocarbons sector increased by 15.94% in February […]
Exzar Venezuelan oilman, one year missing in the fog of corruption
One year after the corruption scandal in Venezuela which led to his resignation, the powerful former minister of Petroleum Tareck El Aissami is missing from public life. Where is? Is it investigated? These are unanswered questions from the hermetic ruling Chavismo. It is only clear that his days as a trusted man of President Nicolás […]
Wall Street closes the week on mixed ground, with a slight drop in the Dow Jones
Wall Street closed the week on mixed terrain due to a slight drop in the Dow Jonesdespite the good month of February that ended yesterday and the historical levels of the other two indicators. He Dow Jones of Industriales, which already includes the e-commerce giant among its 30 listed companies amazonlost 0.11% weekly, while the […]
What should the Government do with Lot X?
“The interests of the State must be prioritized” Humberto Campodónico, Former President of Petroperú The privatization of the 90s left Petroperú without two of the three sources of income: one, the income from the production of Petroleum and, two, the sale of fuel at the taps. PetroPeru became RefinePeru. And since the Refinery was closed […]
Iraq reopens refinery 10 years after it was recovered from the Islamic State
The prime minister of Iraq announced on Friday the reopening of the Beiji refinery, the country’s largest, which remained closed for a decade after being damaged in the fight against the extremist group Islamic State. Prime Minister Mohammed Shia al-Sudani said in a statement that the reopening of the refinery will allow Iraq satisfy its […]
Repsol demands millionaire compensation after the spill in Ventanilla
The Peruvian subsidiary of Repsol A few days ago, he sued the company Fratelli D’Amico Armatori SPA, owner of the Mare Doricum ship, before a local court for allegedly causing the crude oil spill in the Ventanilla Sea, which occurred in January 2022 at the La Pampilla refinery. The Spanish-owned company told La República that […]
Venezuela collects debt of US$ 500 million for supplying oil to Haiti
The government of Venezuela reported this Friday that it collected a debt of US$ 500 million for the supply of oil to Haitiwithout clarifying when he sent these hydrocarbonsa the poorest nation in America or if the payment was made directly by this Caribbean country. In a statement, the Executive expressed its satisfaction with the […]