Peru crude oil pipeline resumes operation after year of spillsStaff Writer | September 28, 2017
A crude oil pipeline operated by Peru’s state-owned oil company Petroperu became fully operational following repairs on a series of ruptures that had partially shuttered it for more than a year.
LatAm 15,000 barrels of oil per day
The pipeline transported less than 15,000 barrels of oil per day before the spills, but its closure has been a drag on economic growth as it has halted some production.
The resumption of the pipeline’s operations come as global oil prices are recovering and could bolster drilling plans in Peru, a relatively small producer of crude where output has slipped for years. ■