Lerner Ghitis Says Peru to Maintain Clear Rules, Stable Laws for Investors

Salomon Lerner Ghitis, President Ollanta Humala’s cabinet chief, said Wednesday that Peru will maintain clear rules and a stable legal framework for investors, state news agency Andina reported. “In our country, you’ll find clear rules and you won’t have a statist [government], but rather a government with clean hands,” Lerner Ghitis said during a meeting [...]

Camisea to supply gas to CF Industries petrochemical plant in southern Peru

CF Industries signed a $2 billion agreement Oct.13 with Peru’s Camisea consortium for the supply of natural gas for its proposed nitrogen fertilizer complex, to be built in San Juan de Marcona on Peru’s south coast. Under the terms of the agreement, signed at the government palace in Lima with President Alan Garcia, CF Industries [...]

BPZ Energy announces multi-million investment plan

The president of Texas-based BPZ Energy announced a plan today to invest $215 million in hydrocarbon exploration and production in Peru this year. Manuel Zúñiga said the investment will be used to drill new wells and further develop the four blocks where they are currently operating, Agencia Andina reported.

García promotes desalinization of sea water for arid coast

President Alan García announced a national objective today to desalinate water from the Pacific Ocean for human consumption and to irrigate agriculture on Peru’s arid coast. He made the announcement during the inauguration of the “Desalination of Sea Water: A New Alternative,” a forum which includes Peruvian authorities and specialists from Spain, Israel, South Korea, [...]