Argentina announced this Tuesday that in October it will launch the new Vaca Muerta Norte pipeline, which is in its final section of construction and will be key for the export of oil to Chili. “In our subsoil is the most important wealth we have to develop Argentina for the next 150 years”The Argentine Minister […]
Tag: Petroleum
They reject new attempt to privatize Petroperú
In December 2013, Law 30130 was enacted, which made the Talara Refinery Modernization Project viable. In its article 3, Petroperú was authorized to sell or issue shares for up to 49% of the share capital. It is precisely that article that Country Advanceswith its bill 5977/2023-CR, seeks to modify and eliminates the set percentage in […]
Russia evades G7 sanctions that limit prices of its oil exports
Russian crude oil supplies increased by 50% this spring despite sanctions imposed by the countries of the G7 Due to the war in ukrainethe Financial Times reported on Sunday, citing data from analytics firm Kpler. The European Union, G7 countries and Australia introduced a US$60 per barrel cap on Russian oil last December, with the […]
Oil rise does not change the opinion of the European Central Bank on inflation
The president of the Bank of France, François Villeroy de Galhau, member of the Governing Council of the European Central Bank (ECB), declared on Saturday that the rise in oil prices Petroleum and fuels does not alter the ECB’s objective of returning inflation to 2% by 2025. “Gasoline consumption at the pump represents approximately 5% […]
Petroperú assets were wasted by just US$863 million
Today, when it has been proposed to privatize Petroperú 100%, through bill 5977 of Avanza País, specialists agree that it is appropriate to analyze the balance of this process that began during the Fujimori era. Humberto Campodónico, former president of Petroperurecalled that in 2007 the state oil company specified that the company’s main business units […]
Minem: new tender in Talara could take place in record time
The new international tender announced by the Ministry of Energy and Mines (Minem) to tender for lots VI and Z-2B of Talara, after denying them Petroperu through direct negotiation, it could be finalized in less than a year in the face of successive pressures from the private sector, several sector specialists warned. In the opinion […]
They support Petroperú’s return to Talara lots
Five Petroperú union organizations have expressed, through a statement, their support for Perupetro’s decision to return lots I, VI and Z-69 to the state company, in the face of the furious campaign against it initiated by the private sector. Likewise, they regretted that former presidents of the company have joined in opposition to the state […]
Petroperú returns to Talara: keys to a resisted return
Is it illegal to negotiate directly with Petroperú? The legal basis, explains Isabel Tafur, president of Perupetro, is article 11 of the Organic Law of Hydrocarbons that authorizes Perupetro, under its criteria supported by its own law of creation, to enter into contracts via direct negotiation or by call (tender). . “Perupetro has chosen to […]
Oil production fell to a third in private hands
The announcement of the award of oil lots I, VI and Z-69, once their contracts conclude between September and November of this year, by Perupetro to Petroperú, has been the target of serious questions from the private sector. Thus, for example, Confiep, the National Society of Mining, Petroleum and Energy (SNMPE), Comex and the Peruvian […]
Oil reaches maximum levels of 2023 amid expectations of a shortage in supply
This Thursday, September 14, the oil prices reached their highest point of the entire year, iDriven by tighter supply prospects, which prevailed over concerns related to weaker economic growth and rising U.S. crude oil inventories, according to Reuters. At 11:24 a.m. (CET) (15:24 GMT), the price of the Brent oil registered an increase of US$1.74, […]