Canadian consortium Alto Petroleum-Eboroil Udmurtia could invest US$2bn to build a diesel production project in Peru, according to consortium director Paul Luna.
The consortium last week signed an agreement with state hydrocarbons promotion agency Perupetro to evaluate non-conventional hydrocarbons resources in area XIL, Brea de Chumpi, between Arequipa and Ayacucho.
The plant alone would cost US$1.2bn to produce 50,000b/d to supply the local market, Peru's state news agency Andina quoted Luna as saying.
"In about eight months we should have the first results to know if the project is feasible or not," he said.
The executive did not rule out partnerships with other companies once the project's feasibility has been defined.
Publication: Business News Americas - English News
Provider: Business News Americas
Date: February 28, 2008
Publication: Business News Americas - English News
Provider: Business News Americas
Date: February 28, 2008
2/29/08
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