Taiwan CPC Eyes Investments in Peru Hydrocarbons Sector

Taiwan-based petroleum and natural gas company Chinese Petroleum Corporation (CPC) eyes investments in the hydrocarbons sector in Peru, the head of the economic department at Taipei Economic and Cultural Office, David Huang, said on March 5, 2008.

Representatives of the company will arrive in Peru in mid-March 2008 to evaluate preliminary opportunities to invest in the country. The visit targets to obtain general impression of the Peruvian hydrocarbons market, Huang said. CPC now has investments in Ecuador and Peru is seen to be the second South American country where the company will operate. Huang did not ruled out the possibility of Taiwanese entrepreneurs entering Peruvian natural gas market, taking into account its enormous growth potential.

Huang also said that Taiwan was interested to sign a free trade agreement (FTA) with Peru and to strengthen the links with the South American country in future.

Publication: Business Digest
Provider: AII Data Processing Ltd.
Date: March 6, 2008

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