The Peruvian sol fell sharply Monday against the US dollar in Lima markets following Sunday's statements from Prime Minister Guido Bellido, who threatened the new government might stabilize the cooking gas supplier Camisea.
Argentina has awarded five oil companies licenses to explore for hydrocarbons offshore, in the country's continental shelf, in an area identified as the Argentine Sea, or South Atlantic, which basically extends between the continent and the Falkland Islands
Peru will evaluate a natural gas contract it signed with Pluspetrol in 2005 and is asking the Argentine company to leave a restive Amazonian town following deadly protests, the government said on Thursday. Pluspetrol started exploratory activities in natural gas block 108 last year, upsetting locals in the town of Pichanaki who fear it will lead to pollution and hurt farming.
Argentina's YPF agreed on Wednesday to pay 852 million dollars for all of Apache operations and assets in the country, making the government managed company the largest operator of natural gas.