Business

Peru’s state oil firm looks to grow amid industry chaos
Posted by Colin Post on Feb 7, 2017 Leave a comment

Peru’s state oil firm looks to grow amid industry chaos

Petroperu may issue bonds to finance the $3.5 billion Talara refinery upgrade as the state oil firm looks to expand operations after key structural changes. Reuters reports that Peru’s finance  Full Article »

Region threatens strike over Peru’s new Machu Picchu airport
Posted by Colin Post on Jan 31, 2017 1 comment

Region threatens strike over Peru’s new Machu Picchu airport

Residents in Peru’s southern state of Cusco have threatened protests which could affect Machu Picchu tourism over the government’s delay in starting construction of the Chinchero airport. Peru’s government under  Full Article »

Peru’s craft brewers face high barriers to compete with beer monopoly
Posted by Colin Post on Jan 26, 2017 Leave a comment

Peru’s craft brewers face high barriers to compete with beer monopoly

Peru’s microbreweries are fighting to change tax laws which put them at a disadvantage against the economies of scale of SABMiller’s local monopoly. The small but growing craft beer industry  Full Article »

Peru scraps Southern Gas Pipeline contract in Odebrecht fallout
Posted by Colin Post on Jan 23, 2017 2 comments

Peru scraps Southern Gas Pipeline contract in Odebrecht fallout

Peru’s finance ministry has cancelled the contract to build the Southern Gas Pipeline after the consortium to build it missed a key financing deadline. The Southern Gas Pipeline consortium which  Full Article »

Odebrecht to name government officials bribed in Peru
Posted by Colin Post on Jan 7, 2017 1 comment

Odebrecht to name government officials bribed in Peru

In cooperating with Peruvian prosecutors, Brazilian construction firm Odebrecht will name officials it paid $29 million in bribes between 2005 and 2014. Odebrecht acknowledged last month in a deal with  Full Article »

Peru’s billion-dollar gas pipeline in jeopardy
Posted by Colin Post on Dec 5, 2016 Leave a comment

Peru’s billion-dollar gas pipeline in jeopardy

The construction of Peru’s $7-billion Southern Gas Pipeline could be stalled indefinitely if Odebrecht cannot sell its majority stake in the project in the next month. If the consortium licensed  Full Article »

Peru: protest shuts down Machu Picchu tourism for two days
Posted by Colin Post on Nov 17, 2016 4 comments

Peru: protest shuts down Machu Picchu tourism for two days

A protest by hundreds of residents of a village below Machu Picchu in southern Peru blocked a key railroad, preventing thousands of tourists from visiting the Inca ruins. The Machupicchu  Full Article »

Protest against gold mine leaves one dead in northern Peru
Posted by Colin Post on Nov 8, 2016 Leave a comment

Protest against gold mine leaves one dead in northern Peru

Clashes between protesters and police left one dead and 31 injured near the Parcoy gold mine in Peru’s northern state of La Libertad on Sunday. Disagreements between residents of the  Full Article »

Peru’s state oil firm to beef up defense of Amazon pipeline
Posted by Jack Dylan Cole on Nov 4, 2016 Leave a comment

Peru’s state oil firm to beef up defense of Amazon pipeline

State oil firm Petroperu has declared emergency measures to protect its pipeline in the Amazon jungle following the 11th oil spill this year. The latest spill is the eight breach  Full Article »

Low-cost airline backed by Ryanair founders opens in Peru
Posted by Colin Post on Nov 2, 2016 Leave a comment

Low-cost airline backed by Ryanair founders opens in Peru

VivaColombia, a low-cost airline launched by the Ryan family’s Irelandia Aviation, has opened a subsidiary in Peru called Viva Air. Launched in 2012, VivaColombia was Irelandia’s first foray into South  Full Article »