Peru turnaround tied to privatization

Journal Article · Mon Apr 19 00:00:00 EDT 1993 · Oil and Gas Journal; (United States)

OSTI ID:6490272

Petroleos del Peru predicts a 10% increase in Peru's oil production this year and a further increase in 1994. Petroperu also forecasts a sharp increase in drilling in Peru this year. After several years of declining oil production, a gradual turnaround in the cash strapped country's petroleum industry is largely tied to its progress in privatization. The government last year began a campaign to privatize all state owned companies by the end of July 1995. The paper discusses forecasts by Petroperu; the contract of Occidental del Amazonas Inc.; the Petromar privatization; Great Western's contract; development of the Aguaytia gas field; and refinery contracts.

• OSTI ID: 6490272
• Journal Information: Oil and Gas Journal; (United States), Vol. 91:16; ISSN 0030-1388
• Country of Publication: United States
• Language: English

Related Subjects

02 PETROLEUM
PERU
ENERGY SUPPLIES
PETROLEUM
PRODUCTION
CONTRACTS
ENERGY POLICY
FORECASTING
GOVERNMENT POLICIES
NATURAL GAS FIELDS
OIL FIELDS
OWNERSHIP
PETROLEUM REFINERIES
RESOURCE DEVELOPMENT
DEVELOPING COUNTRIES
ENERGY SOURCES
FOSSIL FUELS
FUELS
GEOLOGIC DEPOSITS
INDUSTRIAL PLANTS
LATIN AMERICA
MINERAL RESOURCES
NATURAL GAS DEPOSITS
PETROLEUM DEPOSITS
RESOURCES
SOUTH AMERICA
020700* - Petroleum- Economics
Industrial
& Business Aspects