Will Petroperú Take on a Bigger Role in the Oil Sector?

In recent months, Peruvian state-run oil company Petroperú has made moves to resume oil production and form new partnerships and announced plans to sell as much as 20 percent of its shares on the Lima stock exchange in April to raise capital. The company has said that it aims to emulate Colombia\u27s Ecopetrol and Brazil\u27s Petrobras as it expands to increase energy security in Peru. Will Petroperú be successful in its bid to take on a more prominent role in Peru? Are its recently announced alliances with PDVSA and Petrobras a good idea? What will Petroperú\u27s increased role in the oil sector mean for private companies and social groups that have tended to oppose natural resource projects