Former Peruvian president Alejandro Toledo traveled to China
to participate in the Beijing Forum for Emerging Markets. Toledo called on China
to diversify its investments in Peru. China has already invested heavily in the
Peruvian mining industry, purchasing the Las Bambas copper mining project last
year for $7 billion, but Toledo is eager to see Chinese companies invest in
infrastructure construction to boost the Peruvian agricultural industry.
In oil-related news, Gaurav Sharma wrote in Forbes
about the impact that political uncertainty in Peru has had on the country’s
oil and gas industry. According to Sharma, Peruvian President Ollanta Humala
has, for the most part, done a good job administering his country’s oil and gas
industry. However, the future does not appear as bright.
Sharma highlighted the recent controversy over Peru’s most
product oil field, Lot 192, when President Humala vetoed a controversial bill
passed by the Peruvian Congress to give the state oil company a stake in the
oil field. The national elections in Peru scheduled for April 2016 will likely
determine the future of the Peruvian oil and gas industry. Keiko Fujimori is
Humala’s most likely replacement, and it remains to be seen what she has
planned for the country’s oil industry.
Former Peruvian Energy and Mining Minister Eledoro Mayorga,
in an interview with Energía16,
argued that Peru has the resources to ultimately become a large energy exporter
in South America. He believes that the key to this transformation will be the
development of a regional energy transmission infrastructure and the creation
of a Peruvian regulatory framework to enable this growth.
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