Despite Latin America becoming a hot spot for CV19, at least the Loreto province of Peru is on its road to recover.
Also from the region confirmed this information. “We have a tendency for the curve to flatten, and we can be able to face the pandemic in better conditions at the provincial and district levels. In Maynas the situation has been controlled, we are waiting for a second wave of infections,” said Carlos Calampa , regional director. Loreto’s health
Doesn’t mean Peru is back 100%, but I believe it means the worst is over. It will still take many months to fully recover
Pipeline Resumption
Hence, I’m calling Peru’s Northern pipeline to resume in first week of June. With Brent prices increasing, oil demand slowly recovering, and Loreto province situation improving, it is now in Peru’s interest to resume oil production. To be ahead of the game, oil production needs to start now. Now! Now!
Update: Peru will have the storage to prepare for oil producers to produce again.
The impact of this measure “is to expand its storage capacity for crude oil from 868.65 MB to 1,116 MB and thus avoid suspending the acquisition of crude oil from local producers and the consequent cessation of production of oil lots that would affect the workers from said producers and the canon and surcharge received by the Tumbes and Piura regions; considering that the effects of the declaration of the State of Emergency result in less commercialization of hydrocarbons at the national level