Archive for October, 2013

Petrobras Eyes Sale of Peru Assets for $2 Billion

Brazilian energy giant Petrobras is in talks to sell its Peruvian assets to China National Petroleum Corporation, according to financial daily Gestion. The deal could be worth approximately $2 billion. Petrobras’ assets in Peru include Block X in the coastal region of Piura, as well as stakes in Blocks 57 […]

Fujimori Denied Appeal for House Arrest, to Continue in Prison

Fujimori Denied Appeal for House Arrest, to Continue in Prison

Former President Alberto Fujimori has been denied the status of house arrest and is to continue to serve the remainder of his 25-year-sentence in his private quarters at the police special operations unit, DINOES, in east Lima. An appeal filed by Fujimori’s new lawyer, William Castillo, to have the former […]

Police Seize Almost $4 Million in Counterfeit Dollars

Police Seize Almost $4 Million in Counterfeit Dollars

Peruvian police have seized almost $4 million in counterfeit money, which was to be sent abroad, according to RPP radio. Police Col. Sergio Portocarrero said that officials had been following a gang involved in creating counterfeit dollars during the past four months. The phony money, worth a total of $3.7 […]

Study Finds Madre de Dios Deforestation from Mining Worse Than Previously Thought

Study Finds Madre de Dios Deforestation from Mining Worse Than Previously Thought

The annual rate of deforestation in Peru’s biodiverse Madre de Dios region has tripled over the past five years, according to a study in the Proceedings of the National Academy of Sciences, which was cited by local media. The main reason for the deforestation has been illegal gold mining (see […]