Petroperú Looks To International Expansion To Revitalise Upstream Operations

BMI View: Reports that Petroperú is considering upstream investment in Ecuador is in line with the company's growing ambitions. The firm, which last produced crude in the 1990s, is actively expanding its upstream exposure both at home and abroad. Despite the state's growing involvement in the sector, with believe that President Humala's pro-market reforms are likely to see Peru remain an attractive business environment for international upstream investors.

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