Peru steps up push to attract oil investment

Journal Article · Mon Dec 09 04:00:00 EST 1991 · Oil and Gas Journal; (United States)

OSTI ID:5494369

This paper reports that Peru's government is stepping up efforts to attract more foreign investment in its oil and gas sector. Since taking over in July 1990, the government of President Alberto Fujimori has taken a number of steps to privatize the oil sector, improve the fiscal regime for oil investment, and streamline regulations on oil and gas investment. In the most dramatic step, the Fujimori administration ended state oil company Petroleos del Peru's monopoly on downstream operations as well as imports and exports of oil and gas as part of sweeping new oil and gas legislation. In addition, officials of the Fujimori administration have been traveling to key oil centers around the world with a presentation on Peru's hydrocarbon potential, trying to spark interest in E and D investment there.

• OSTI ID: 5494369
• Journal Information: Oil and Gas Journal; (United States), Journal Name: Oil and Gas Journal; (United States) Vol. 89:49; ISSN OIGJA; ISSN 0030-1388
• Country of Publication: United States
• Language: English

Related Subjects

02 PETROLEUM
020700* -- Petroleum-- Economics
Industrial
& Business Aspects
03 NATURAL GAS
030600 -- Natural Gas-- Economic
Industrial
& Business Aspects
DEVELOPING COUNTRIES
ENERGY SOURCES
EXPORTS
FLUIDS
FOSSIL FUELS
FUEL GAS
FUELS
GAS FUELS
GASES
HYDROCARBONS
INVESTMENT
LATIN AMERICA
LEGISLATION
NATURAL GAS
ORGANIC COMPOUNDS
PERU
PETROLEUM
PETROLEUM PRODUCTS
REGULATIONS
SOUTH AMERICA
TRADE