PUBLICATION
Oil and Gas Investor
Peru Oil & Gas 2009 OGI Release
April 04, 2009
Peru is seducing investors, domestic and foreign alike. While the rest of the world is overcast with gloom, the sun continues to shine on the land of the Incas. Peru’s GDP is expected to grow by approximately 7% in 2009, according to International Monetary Fund estimates. In 2008, Lima hosted both the EU-Latin America and Caribbean, and the Asia-Pacific Economic Cooperation summits, placing the country on the world’s business map. President Alan García continues to tour the world courting potential investors, with a growing number of free-trade agreements in his bag (an agreement with the United States was entered into force in February of this year).
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MACIG
"We plan to double our copper production by the end of the decade. There remains significant upside potential in the gold industry, and the copper operations are strategic and additive to that."
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