A possible alliance between Peru's state-owned company Petroperu and Brazil's federal oil giant Petrobras could participate in infrastructure projects in Peru such as the expansion of the oil pipeline Oleoducto Norperuano, Petroperu's president, Cesar Gutierrez, projected on September 18, 02008.
The alliance has been proposed by the Peruvian President Alan Garcia at the opening of Peru-Brazilian forum ExpoPeru 2008 in Sao Paulo, southeastern Brazil, on September 18.
The companies are interested to ally on the expansion of Oleoducto Norperuano, which will allow to produce heavy crude oil close to Andoas, in the Peruvian northern region of Loreto, Gutierrez explained.
The alliance between the two companies could also participate in an expansion of Peru's Bayovar port terminal to increase its oil storage capacity.
Publication: Business Digest
Provider: AII Data Processing Ltd.
Date: September 19, 2008
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