Weekly Report - 7 August 2014 (WR-14-31)

ECUADOR-PERU | Energy cooperation road map. Energy authorities from Ecuador and Peru met in the Galapagos Islands on 31 July to discuss the possibility of developing a “road map” for oil and gas cooperation. During the two-day ‘binational Ecuador-Peru workshop’ 40 delegates from both countries led by Ecuador’s non-renewable resources minister, Pedro Merizalde, and Peru’s energy & mining minister, Eleodoro Mayorga, exchanged and analysed information about their respective countries’ oil fields with a view to “maximise opportunities and take advantage of existing oil infrastructure and facilities in the areas of activity in both countries”. They also discussed jointly exploiting heavy crude oil and natural gas deposits in northern Peru and Ecuador’s southern coastal areas.

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