The growth of the mining sector, driven by a sharp rise in commodity prices, spurred Peru’s economy to the fastest sustained growth rate in Latin America during much of the past decade. The recent fall in commodity prices, however, has led to a significant drop in the value of Peru’s mining exports, and consequently, a slowing of GDP growth in 2014. The central bank lowered its outlook on...
Energy
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Peru’s energy sector is undergoing a period of rapid transformation. Ten years ago energy demand was low and the country depended almost entirely on hydroelectric power in addition to petroleum imports to meet its needs. At that time, Peru had limited oil production, no production of natural gas and little to speak of in terms of energy exports. Today, by contrast, the country is among the...
Though Peru’s economic growth registered a slowdown in 2014 - to an estimated 3.1% according to the central bank compared to rates of between 5% and 9% for much of the past decade - the mining-led economy is expected to regain momentum in 2015 as diversification efforts continue and government measures to stimulate investment take effect.
Interviews & Viewpoints | OBG talks to Kwesi Botchwey, Chairman, Ghana National Gas Company from The Report: Ghana 2014
To what extent will the Ghana gas project impact the role of Atuabo in the local energy industry?
Interviews & Viewpoints | OBG talks to Kirk Koffi, CEO, Volta River Authority from The Report: Ghana 2014
Articles & Analysis | New finds of shale oil and gas may mean a different picture for the global energy industry from The Report: Ghana 2014
The single largest structural shift in the last decade in global energy markets – emerging output of shale gas and oil in the US – is having a clear effect on African oil producers. A growing reliance on African exporters in the early part of the millennium, reaching a peak of 20.34% of US oil imports in 2007, has sharply reversed as newly accessible domestic sources of...