Who Owns Peru's Oil Resources?
* In Pu the word "petroleum' .is part of the political lexicon. It was the most widely used term during the crisis that pre ceded the overthrow of Belafnde Terry's re formist government, which...
...erals, in addition to the state-owned PF...
...The word has...
...It was the most widely used term during the crisis that pre ceded the overthrow of Belafnde Terry's re formist government, which had just signed the onetous contract ofat the ake nationalizotion of the La Brea and Pariaus oil fields with International Petroleum, a U.S...
...EPFWRUIN StATE-OWNED) I Ii fbd - - ac~h symbol rprseats250000 tons) FOREIGN INTERESTS: 74% UTATE: 26% annulment of the contract and the expopriation of the oil fields and their annex refinery in Talara...
...companies 792 000 for exclusively U.SK conmplies...
...Other foreign companies will be added to this group through coneedions or by utlizing the equally onerous varint known as servicee contract...
...Operating in the exploration of future olproducing are are the U.S...
...companies also hve...
...l interests in the transport otoru auwell in te fuel distribution network It can be readily sn that the announced "nationalist" oil policy of the Peruvian regie leaves most of the national ol in foreign hand...
...monopoly owned by Standard Oil of New Jery...
...The U.S...
...also been employed by the gorilla military Junta headed by General Velsco A1varado following the announeemnt of the U.S...
...There are three oil refinerie in the country: one in Talara and two in Lima, the capital...
...COMPANIES BRITISHU...
...companies Cerro de Pasco (number one latifundist in the coutry), Mobile O and Peruvian Ol and Min...
...After the expropriation decree - which, according to the regime, will not be followed by new expropriations - Peru's yearly production of ol, etimated at 300000 taon (Peru is the sixth largest oilproducing coun try in Latin America), is distributed as rhown in the accompanying chart: 1872000 tons for Anlo-U.S...
...Data AFP and The Economies) Published: 12/2/1969...
...and 000 for the EmIhpr Petroiffera Fic (,PF) owned by the State, which thus controls only 2 percent of tbe country's production The as being worked at present are the North Zone, the Northeutern Zne (the most im bt in production, owned b the IPC US.] ;ande the British Lobito) an the Continental Shelf In addition to the state-owned PF, the followin companies are in operation thouhout the country: IPC, Amotap, Gan Azul and Delco (U.S) and obitoe and Burham Oil(British...
Vol. 2 • February 1969 • No. 10
