• 4 minutes Is $60/Bbl WTI still considered a break even for Shale Oil
  • 7 minutes Oil Price Editorial: Beware Of Saudi Oil Tanker Sabotage Stories
  • 11 minutes Mueller Report Brings Into Focus Obama's Attempted Coup Against Trump
  • 15 minutes Wonders of Shale- Gas,bringing investments and jobs to the US
  • 14 hours Old - New Kim: Nuclear Negotiations With U. S. Will Never Resume Unless Washington Changes Its Position
  • 36 mins IMO 2020 could create fierce competition for scarce water resources
  • 7 hours Theresa May to Step Down
  • 10 hours IMO2020 To scrub or not to scrub
  • 13 hours India After Elections: Economy And Hindu Are The First Modi’s Challenges
  • 6 hours Evil Awakens: Fascist Symbols And Rhetoric On Rise In Italian EU Vote
  • 3 hours Apartheid Is Still There: Post-apartheid South Africa Is World’s Most Unequal Country
  • 2 hours IRAN makes threats, rattles sabre . . . . U.S. makes threats, rattles sabre . . . . IRAQ steps up and plays the mediator. THIS ALLOWS BOTH SIDES TO "SAVE FACE". Then serious negotiations start.
  • 10 hours Devastating Sanctions: Iran and Venezuela hurting
  • 3 hours Total nonsense in climate debate
  • 227 days Epic Fail as Solar Crashes and Wind Refuses to Blow
  • 12 hours Compensation For A Trade War: Argentina’s Financial Crisis Creates An Opportunity For China
  • 8 hours Level-Headed Analysis of the Future of U.S. Shale Oil Industry
Iran’s Trick To Sell Oil For A 30% Premium

Iran’s Trick To Sell Oil For A 30% Premium

Iran’s strategy to avoid U.S.…

How Trump And Xi Killed The Oil Rally

How Trump And Xi Killed The Oil Rally

The U.S.-China trade war appears…

Peruvian Villagers Shut Down 50 Oil Wells In Protest

Oil

Villagers in the Peru Amazon have shut down 50 oil wells in protest against the negotiations of a new oil field development contract between Lima and Canadian Frontera Energy Group. The Amazon communities, who have been complaining for years about the environmental pollution from oil production are now angered that the government of the country, led by President Pedro Pablo Kuczynski, has ignored an indigenous rights law passed in 2011.

The law stipulates that the government must consult indigenous communities before it approves any plans that might affect them. Among the demands that the communities have brought in front of the government are a clean-up of Block 192—the subject of the new contract negotiations—as well as better access to healthcare and education.

The Ministry of Culture, which is responsible for upholding the prior consultation law, last week rejected the indigenous communities’ request to enforce it with regard to the Block 192 negotiations, which prompted the protests.

Frontera has been developing Block 192 for two years, but now this first contract’s expiry date is drawing near, and the company is in talks on a longer-term deal. The field, which is the biggest in the country, produced 9,500 barrels of oil daily as of this August, Reuters reported, citing official data.

More disruptions are likely in the coming days. After the protesters seized control over a power plant and several oil tanks, there are plans to shut down more wells in the controversial block as well as an airport, according to an official from indigenous federation Fediquep.

Oil industry pollution in northern Peru is a grave problem for local communities, which includes river and lake contamination, soil and food contamination, and an extensive range of health problems caused by this contamination. The cost of cleaning up the mess has been estimated at over $1 billion.

Peru is the oldest oil producer in South America, though not the largest one. As of June this year, its average daily output was 44,280 barrels of crude.

By Irina Slav for Oilprice.com

More Top Reads From Oilprice.com:



Join the discussion | Back to homepage

Leave a comment

Leave a comment

Oilprice - The No. 1 Source for Oil & Energy News