Energy

Tras varios años de especulación, Perú finalmente ha sentado las bases para la venta de acciones de la compañía petrolera estatal, Petroperú, las cuales podrán ser adquiridas en el mercado privado.

Nigeria’s recent GDP re-basing may have brought attention to the larger-than-expected role the services sector plays in driving growth, but in recent weeks, it has been the hydrocarbons industry taking centre-stage. A major initial public offering (IPO) in May combined with a pair of significant investment deals have highlighted the rising profile of the country’s indigenous firms.

Two landmark deals sealed in March have paved the way for Jordan’s power authority to begin buying solar electricity from the private sector, supporting the kingdom’s long-running efforts to boost renewable energy production.

A return to economic growth in Thailand is expected to drive greater demand for electricity, hastening efforts to look for alternative sources of energy, although continued political uncertainty could slow public investments in power plants and transmission lines.

Although declining oil production has had an effect on Brunei Darussalam’s recent economic performance, officials insist the reasons for the drop are short term in nature, while the country’s long-term prospects in the sector remain promising. Expansive government plans at home and a cooperation agreement with Timor-Leste abroad should give the sector a welcome fillip as well.

Domestic gas requirements are set to expand rapidly over the next few years as Oman’s industrial base expands and as the utilities sector grows to keep pace with rising demand for water and electricity. However, officials have said projected increases in gas production will be managed to ensure supplies can be guaranteed over the long term.