Peru has struggled for over a decade to build its hydrocarbon sector and boost crude oil reserves and production. 2020 was particularly difficult for the Andean country’s crisis-ridden petroleum industry. Ongoing social conflict, notably in Peru’s northeastern Amazon, the COVID-19 pandemic, and ongoing infrastructure outages all impacted hydrocarbon output. Those issues were amplified by the Latin American country’s long-running political crisis and the socioeconomic fallout from the pandemic. Like its Latin American neighbors,…
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