En Español



Very usefull links



PW
Bookstore





News links

AP

AFP

Aljazeera

Dow Jones

Oil price

Reuters

Bloomberg

Views and News
from
Norway

 

 

 

 

Peru to auction former Odebrecht natgas pipeline project in 1st-half 2018

 

 


LIMA
Petroleumworld 07 07
2017

Peru is planning to hold a new auction for a natural gas pipeline in the first half of 2018 after rescinding a $5 billion contract for the project with Brazil's scandal-racked Odebrecht, the head of state bidding agency Proinversion said on Thursday.

The government rescinded the contract for the proposed 1,134-kilometer (705-mile) pipeline in January after the consortium led by Odebrecht missed a financing deadline amid a growing graft scandal.

Proinversion director Alvaro Quijandria said the project's design might change following a feasibility study under way now based on the original plan.

The next operator will have the option of buying the assets that the Odebrecht consortium had invested in the project, the value of which will be determined by an audit that has not yet started, said Quijandria.

The Odebrecht consortium said the pipeline was about a third finished when work on it stopped in mid 2016. Peruvian builder Grana y Montero , Odebrecht's junior partner on the project, has said that the consortium invested about $2 billion in the project.

Odebrecht once played a large role in building Peru's public work projects but the company has been barred from bidding on new contracts since acknowledging late last year that it distributed millions of dollars in bribes across Latin America.

"We think we can diversify the origin of investments a bit," Quijandria said on the sidelines of an auction for a project to dredge and maintain a navigable waterway in the Amazon.

The $95 million waterway project was awarded to a consortium formed by a subsidiary of China's state-run Power Construction Corporation of China and Peruvian builder Construccion y Administracion SA.



Reporting by Mitra Taj; Editing by Sandra Maler from Reuters.

reuters
.com
07 06 2017

We invite all our readers to share with us
their views and comments about this article.
Write to editor@petroleumworld.com

By using this link, you agree to allow PW
to publish your comments on our letters page.

Any question or suggestions,
please write to: editor@petroleumworld.com

Best Viewed with IE 5.01+ Windows NT 4.0, '95,
'98,ME,XP, Vista, Windows 7,8,10 +/ 800x600 pixels


 

 

 

 

 

 

TOP

Contact: editor@petroleumworld.com,

Editor & Publisher:Elio Ohep/
Contact Email: editor@petroleumworld.com

CopyRight © 1999-2016, Paul Ohep F. - All Rights Reserved. Legal Information

PW in Top 100 Energy Sites

CopyRight©1999-2017, Petroleumworld   / Elio Ohep - All rights reservedThis site is a public free site and it contains copyrighted material the use of which has not always been specifically authorized by the copyright owner.We are making such material available in our efforts to advance understanding of business, environmental, political, human rights, economic, democracy, scientific, and social justice issues, etc. We believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit to those who have chosen to view the included information for research, information, and educational purposes. For more information go to: http://www.law.cornell.edu/uscode/17/107.shtml. If you wish to use copyrighted material from this site for purposes of your own that go beyond 'fair use', you must obtain permission fromPetroleumworld or the copyright owner of the material.