Reporte Estadístico Mineroenergético 1er Semestre 2007/Inglés - Fecha de publicación: Marzo 2008

Mining & EnergyStatistical Report

2007

Presentation

The Mining & Energy sector has positioned as the most important activities that leads the economic and social development of Perú, because mining, hydrocarbons and electricity - that are made in a decentralized way - represent the opportunity of progress for the regions and communities, as they generate private investments which means more production and new jobs.

The evolution of the main numbers that allow us to know what the Mining-Energy sectors do is compiled by the Sociedad Nacional de Minería, Petróleo y Energía (SNMPE), through its publication Mining & Energy Statistical Report, document which in this moment shows information available up to 2007.

This document offers the necessary information to help the reader make his own analysis and evaluation of the real participation and impact of the mining, hydrocarbons and electrical sectors in the sustainable development of Peru.

Mining & EnergyStatistical Report

2007

EconomicIndicators

GDP

1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007

Series1 6.7% -0.4% 1.4% 3.6% 0.2% 5.2% 4.00% 4.80% 6.70% 8.03% 8.99%

-2.0%

0.0%

2.0%

4.0%

6.0%

8.0%

10.0%

GDP 1997- 2007 (% Variation)

Source: INEI

Agriculture7.60%

Fishery0.72%

Manufacturing15.98%

Construction5.58%

Commerce14.57%

Water0.41%

Other services39.25%

Taxes9.74%

Mining 3.71%

Oil0.96%

Electricity1.49%Mining-Eenrgy

Sector6%

Participation of the energy and mining sectorin the National GDP 2007

Source: INEI.

INFLATION

1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007

Series1 6.50 6.01 3.70 3.73 -0.13 1.52 2.48 3.48 1.49 1.14 3.93

0.00

1.00

2.00

3.00

4.00

5.00

6.00

7.00

8.00

Annual Inflation, 1997-2007(% Variation)

Source: INEI

-1.0

0.0

1.0

2.0

3.0

4.0

5.0

jul-0

3

sep-

03

nov-

03

ene-

04

mar

-04

may

-04

jul-0

4

sep-

04

nov-

04

ene-

05

mar

-05

may

-05

jul-0

5

sep-

05

nov-

05

ene-

06

mar

-06

may

-06

jul-0

6

sep-

06

nov-

06

ene-

07

mar

-07

may

-07

jul-0

7

sep-

07

nov-

07

Accumulated Inflation of 12 previous months,july 2003 - december 2007

(% variation)

Source: INEI

EXTERNAL SECTOR

1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007

Series1 10,169 9,184 8,404 8,180 8,613 9,598 10,194 12,631 14,097 17,275 27,689

0

5,000

10,000

15,000

20,000

25,000

30,000

Net International Reserves, Million US$ (1997- 2007)

Source: Central Bank

0

100

200

300

400

500

600

700

800

900

ene‐99

abr‐99

jul‐9

9

oct‐99

ene‐00

abr‐00

jul‐0

0

oct‐00

ene‐01

abr‐01

jul‐0

1

oct‐01

ene‐02

abr‐02

jul‐0

2

oct‐02

ene‐03

abr‐03

jul‐0

3

oct‐03

ene‐04

abr‐04

jul‐0

4

oct‐04

ene‐05

abr‐05

jul‐0

5

oct‐05

ene‐06

abr‐06

jul‐0

6

oct‐06

ene‐07

abr‐07

jul‐0

7

oct‐07

(Basic Score)

PDI Stipped Spread Country Risk: 1999‐2007

Source: Reuters.

BALANCE OF TRADE

1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007

Exports 6,824 5,757 6,087 6,951 7,007 7,647 8,863 12,547 17,336 23,749 27,433

Imports 8,567 8,262 6,793 7,407 7,273 7,440 8,431 9,818 12,076 14,896 19,409

0

5,000

10,000

15,000

20,000

25,000

30,000

Peruvian Balance of Trade, 1997-2007 (Million US$)


Minig61.7%

Oil and By-products

8.6%

Fishery5.4%

Agriculture1.7%

Others22.7%

Structure of Exports, 2007


MiningSector

PRODUCTION

MINING METALLIC PRODUCTION 1997 - 2007

(Units of fine content)

PRODUCT \YEAR

COPPER(TM)

LEAD (TM)

ZINC (TM)

SILVER (Kg)

GOLD (Kg)

IRON (TLF)

TIN (TM)

1997 506,498 262,466 867,691 2,090,311 79,117 2,960,165 27,9521998 483,338 257,713 868,757 2,024,570 94,214 3,230,431 25,7471999 536,387 271,782 899,524 2,231,390 128,486 2,672,630 30,6182000 553,924 270,576 910,303 2,437,706 132,585 2,645,991 37,4102001 722,035 289,546 1,056,629 2,673,834 138,022 3,038,401 38,1822002 843,213 297,704 1,221,830 2,686,563 157,013 3,056,055 38,8152003 842,578 308,874 1,372,790 2,920,922 172,619 3,484,900 40,2022004 1,035,574 306,211 1,209,006 3,059,829 173,219 4,247,174 41,6132005 1,009,898 319,345 1,201,671 3,193,146 207,822 4,564,898 42,1452006 1,048,897 313,325 1,201,794 3,470,725 203,286 4,784,601 38,4702007 1,190,281 329,154 1,444,354 3,493,909 170,127 5,103,597 39,019

Source: Ministry of Energy and Mines

Variation %COPPER

(TM)LEAD (TM)

ZINC (TM)

SILVER (Kg)

GOLD (Kg)

IRON (TLF)

TIN (TM)

2007/2006 13.5% 5.1% 20.2% 0.7% -16.3% 6.7% 1.4%

VARIATION

QUOTATIONS

QUOTATIONS OF MAIN MINING PRODUCTS, 1997-2007

COPPER LEAD ZINC SILVER GOLD TINTERM LME LME LME Handy & Harman London Final LME

US$/TM US$/TM US$/TM US$/Oz.Tr. US$/Oz.Tr. US$/TM1997 2,275.70 624.13 1,318.37 4.88 331.29 5,645.821998 1,652.88 528.42 1,023.26 5.53 294.07 6,540.581999 1,573.66 502.24 1,077.32 5.25 278.57 5,400.872000 1,814.26 454.22 1,128.11 5.00 279.10 5,434.762001 1,577.77 476.00 886.27 4.39 271.04 4,483.252002 1,557.50 452.58 778.56 4.62 309.68 4,061.692003 1,779.87 515.66 828.39 4.91 363.32 4,896.262004 2,865.89 886.47 1,047.75 6.68 409.21 8,512.732005 3,678.70 976.46 1,379.79 7.33 445.10 7,152.832006 6,730.60 1,287.49 3,272.62 11.58 603.77 8,620.112007 7,118.27 2,579.85 3,243.86 13.41 697.15 14,382.13

Source: London Metall Exchange

Var % COPPER LEAD ZINC SILVER GOLD TIN2007 / 2006 5.8% 100.4% -0.9% 15.8% 15.5% 66.8%

VARIATIONS

EXTERNAL SECTOR

PRODUCT / YEAR COPPER LEAD ZINC SILVERA IRON GOLD TIN OTHERS TOTAL

1997 1,096.3 237.0 539.2 104.8 76.5 500.1 133.2 43.4 2,730.51998 778.8 208.7 445.2 130.6 96.4 928.5 118.6 39.9 2,746.71999 776.3 177.1 462.4 169.3 66.7 1,192.5 132.9 30.8 3,008.02000 932.6 190.4 495.8 179.5 66.6 1,144.7 166.3 40.4 3,216.22001 985.9 196.0 419.4 168.6 81.4 1,166.2 130.3 38.8 3,186.52002 1,187.1 210.8 428.9 173.7 82.9 1,478.8 102.8 69.4 3,734.42003 1,260.5 201.3 528.7 191.0 94.1 2,044.7 151.4 101.5 4,573.32004 2,446.0 389.1 576.8 260.2 128.4 2,383.1 350.7 418.8 6,953.12005 3,360.3 491.4 805.1 280.6 216.1 3,165.5 269.8 1,170.7 9,759.52006 6,034.4 712.6 1,991.3 478.6 256.0 4,048.3 332.1 862.4 14,715.72007 7,240.9 1,033.0 2,532.8 537.5 285.4 4,024.6 252.5 1,009.3 16,915.9


Product /Variation % COPPER LEAD ZINC SILVER HIERRO GOLD TIN OTHERS TOTAL

2007/2006 20.0% 45.0% 27.2% 12.3% 11.5% -0.6% -24.0% 17.0% 15.0%


Exportations of main mining products 1997-2007(Million US$)

VARIATIONS

Tin1.5%

Molibdenum5.7%

Others0.3%

Copper42.8%

Lead6.1%

Iron1.7%

Zinc15.0%

Silver3.2% Others

23.8%

Mining Exports2007

COPPER (PERU: 3º worldwide producer 7.62% of the worldwide production)

0200,000400,000600,000800,000

1,000,0001,200,0001,400,000

1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007

Metallic Mining Production, 1997-2007 (f tonne)


1,0002,0003,0004,0005,0006,0007,0008,000

1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007

Quotation, 1997-2007 (US$/TM)

Source: London Metal Bulletin

40,000140,000240,000340,000440,000540,000640,000740,000840,000

1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007

Stocks LME, 1997-2007 (TM)


COPPER

Southern30%

Antamina29%

Xstrata Tintaya10%

Cerro Verde23%

Others8%

Main Producer Companies, 2007

(*) The data of production correspond to processes of concentration and hydrometallurgical process. Source: Ministry of Energy and Mines

LEAD (PERU: 4º worldwide producer 9.29% of the worldwide production)

150,000175,000200,000225,000250,000275,000300,000325,000350,000

1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007



300600900

1,2001,5001,8002,1002,4002,700

1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007

Quotation, 1997-2007US$/TM


20,00045,00070,00095,000

120,000145,000170,000195,000

1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007

Stocks LME, 1997-2007TM


LEAD

Atacocha4%

Volcan 26%

El Brocal12%

Quenuales7% Chungar

9%

Milpo5%

Others37%

Main Producer Companies2007

(*)The data of production correspond to processes of concentration. Source: Ministry of Energy and Mines

ZINC (PERU: 3º worldwide producer 14.28% of the worldwide production)

0200,000400,000600,000800,000

1,000,0001,200,0001,400,0001,600,000

1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007



750

1,250

1,750

2,250

2,750

3,250

3,750

1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007

Quotation, 1997-2007US$/TM


0100,000200,000300,000400,000500,000600,000700,000800,000

1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007

Stocks LME, 1997-2007TM


ZINC

Atacocha4%

Chungar4%

Antamina20%

Volcan18%

Quenuales13%

Milpo6%

El Brocal6%

Others29%


(*)The data of production correspond to processes of concentration. Source: Ministry of Energy and Mines

GOLD (PERU: 5º worldwide producer 6.80% of the worldwide production)

025,00050,00075,000

100,000125,000150,000175,000200,000225,000

1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007

Metallic Mining Production, 1997-2007(f kilograms)


200270340410480550620690760

1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007

Quotation, US$ Oz. Tr. (1997-2007)


GOLD

Horizonte3%

Madre de Dios10%

Yanacocha29%

Barrick29%

Buenaventura7%Ares

3%

Retamas2%

Santa Rosa3%

Aruntani3%

Others11%

Main Producers Companies, 2007


SILVER (PERU: 1º worldwide producer 16.58% of the worldwide production)

500,000

1,000,000

1,500,000

2,000,000

2,500,000

3,000,000

3,500,000

4,000,000

1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007

Metallic Mining Production, 1997-2007 (f kilogram)


4.00

6.00

8.00

10.00

12.00

14.00

1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007

Quotation, US$/Oz. Tr. (1997-2007)


SILVER

Volcan14.5%Buenaventura

10.6%

Antamina9.9%

Ares9.2%

Others34.7%

Brocal6.3% Quenuales

4.2%Pan American

4.8%

Yanacocha2.1%

Southern3.8%



CANON AND STRAIGHT OF USE

Mining Canon Generated and Distributed 1997-2007 (thousands of Soles)

Year Canon Generated Canon Distributed1997 136,924 110,9371998 52,684 169,4281999 68,665 86,5142000 90,288 55,3612001 168,537 81,2782002 369,606 116,2442003 532,000 285,8252004 1,158,500 451,2892005 2,166,293 898,9552006 4,254,379 1,746,379

2007 (*) 5,156,632Note: the mining canon generated by the 2006 was transferred in a single quota in June of 2007. The usual distribution in in 12 equal quotas, from June of the following year of the generation of the Canon.Source: Ministry of Economic and Finance

DISTRIBUTION OF THE STRAIGHT OF USE, 1997-2007Thousands of US$

Organizations / year Province District Extrem

Poverty INGEMMET INACC MEM Total

1997 4,826.78 5,141.30 0.00 7,439.11 3,717.92 3,719.55 24,844.661998 4,023.78 4,127.72 0.00 6,071.14 3,035.57 3,035.57 20,293.781999 3,641.16 3,676.77 0.00 5,436.21 2,718.10 2,718.10 18,190.352000 3,613.86 3,624.08 0.00 5,359.75 2,679.87 2,679.87 17,957.432001 3,724.53 4,501.75 6,338.08 1,872.47 1,904.21 942.08 19,283.112002 4,433.19 4,467.60 7,844.69 2,201.53 2,219.00 1,096.38 22,262.382003 4,738.70 4,761.43 8,361.90 2,314.49 2,347.75 1,157.25 23,681.532004 4,425.21 7,606.50 7,815.82 2,624.79 2,636.28 1,312.39 26,420.992005 0.00 15,917.41 0.00 2,099.02 2,102.23 1,049.42 21,168.082006 0.00 27,615.17 0.00 3,691.49 3,695.08 1,845.75 36,847.492007 0.00 30,073.98 0.00 6,986.15 1,023.48 2,001.75 40,085.37

TOTAL 33,427.21 111,513.70 30,360.49 46,096.14 28,079.49 21,558.12 271,035.16Source: National Institute of Concessions and Land Registry

Request Petitions per Year, 1997-2007

Quantity Hectares1997 4,892 3,197,5061998 3,119 1,677,1811999 3,166 1,774,9132000 2,844 1,488,0122001 1,687 716,6382002 3,045 1,465,5202003 4,799 2,247,8882004 5,130 2,329,2522005 5,052 2,253,8702006 6,748 3,187,8802007 8,159 3,648,497Total 48,641 23,987,157

Source: National Institute of Concessions and Land Registry

EMPLOYMENT

1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007

Miles HHP 34 36 63 19 70 359 43 179 119 83 1456

0

200

400

600

800

1000

1200

1400

1600

Thousand hour/men lost by strikes in the mining sector(1997-2007)

Source: INEI

SAFETY

1997 1998 1999 2000 2001 2002 2003 2004 2005 2006

Frecuency Index 13.3 11.1 7.4 6.2 6.2 4.7 5.3 5.4 4.4 4.4

0.02.04.06.08.0

10.012.014.0

Frecuency Index

Source: Ministry of Energy and Mines. Data available to the date of publication.

1997 1998 1999 2000 2001 2002 2003 2004 2005 2006

Severity Index 4640 4450 3480 2035 2410 4577 2109 1756 1584 3989

0500

1,0001,5002,0002,5003,0003,5004,0004,5005,000

Severity Index


PROJECTS

In constructionCerro Corona (Gold Fields) - Cajamarca

The construction of the Project began in the first trimester of 2006 and it will be operate in the first trimester of 2008. The approximate investment is US$ 227 million and the life utility of the mine is calculated for 15 years. A production of 17.000 tons of mineral per day is considered, which will imply to obtain 150.000 ounces of gold and 30.000 tons of copper for each year. With contract

Michiquillay (Anglo American) - Cajamarca ProInversión signed with Anglo American the contract for the exploration of the Project Michiquillay in 2007, by a value of US$ 403 million. 50% of this amount will be destined for a Social Trust in the zone of influence of the project. The mining project is located in Cajamarca, between 3.000 and 3.600 meters, and is a porphyry copper deposit, with contents of gold and silver. The area of mining concession contains 18,978 hectares. It will be an open sky operation 40,000 tons per day. The mineral reserves (for a "cut-off" of 0.4% Cu), are 544 million of tons with 0.69% of Cu, from 0.1 to 0.5 g/metric ton of Au and from 2 to 4 g/metric tons of Ag. Interest Data

Toromocho (Peru Copper) – Junín The company announced the discovery of additional metallic reserves near the Toromocho deposit. The reserves contain minerals of copper, molybdenum, silver and zinc. Also, the company confirmed that the Feasibility Study will be concluded at the end of the 2007. Fosfatos de Bayovar (Vale Do Rio Doce) – Piura The company announced an investment of US$ 479 million for the production of 4,000 million tons of phosphoric rock and the construction of a port that allows the export of the minerals of this project, programmed to begin in the middle of the 2010. They start to the construction of the port in 2008 with an investment of US$ 30 million. Rio Blanco (Rio Blanco Copper) – Piura The company culminated the Feasibility Study of the project, where it indicates that it will need an investment of US$ 1,440 million to start the operation in the 2011. According to the Study, in the project exist 498 million tons of proven and probable reserves. The mining process will be an open sky operation Source: Empresas del sector.

HydrocarbonsSector

PRODUCTION

1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007

118.2 115.6 102.9 99.2 97.1 96.9 91.4 94.1 111.3 115.6 113.9

60

70

80

90

100

110

120

130

National Oil ProductionThousands barrels/day(1997-2007)

Source: Perupetro

0.00

40.00

80.00

120.00

160.00

200.00

240.00

280.00

1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007

Natural Gas Controlled Production, 1997- 2007

(Million cubic feet)

Coast Continental Shelf Jungle

Source: Perupetro

COMPANY PRODUCTION

Pluspetrol Norte38.4%

Pluspetrol Peru Corp29.6%

Petrobras11.7%

Petrotech 10.4%

Aguaytia Energy2.6%

Sapet2.5%

Others4.7%

Oil Production, 2007

Source: Perupetro

Aguaytia 14.8%

Petrotech 5.4%

Petrobras3.9%Pluspetrol

73.0%

Sapet0.8%

GMP1.5% Olympic

0.5%

Gas Production 2007

94,485 Million cubic feet258.8 Million cubic feet / Day

Source: Perupetro

CANON

Loreto24.2%

Ucayali8.8%

Piura23.0%Tumbes

5.8%

Puerto Inca-Huánuco

0.1%

Cusco38.2%

Participation in Hydrocarbon Canon, 2007

Source: Perupetro

1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007

Cusco 0.0 0.0 0.0 0.0 0.0 0.0 0.0 87.1 316.0 396.6 465.9

Puerto Inca-Huánuco 0.3 0.2 0.2 0.5 0.4 0.4 0.4 0.5 0.8 0.8 0.8

Tumbes 21.1 14.9 20.5 31.4 25.7 25.1 28.4 34.5 50.8 64.8 70.3

Piura 84.2 59.7 81.8 125.7 102.7 100.6 113.4 138.1 203.1 259.3 281.1

Ucayali 25.1 18.1 37.2 61.8 52.6 61.4 68.1 74.5 94.5 104.1 107.8

Loreto 100.2 59.4 116.1 187.8 151.5 177.9 188.9 191.6 247.0 284.8 295.0

0100200300400500600700800900

1000110012001300

Hydrocarbon Canon, 1997- 2007 (Millions of Soles)

Source: Perupetro

CAMISEA

01,0002,0003,0004,0005,0006,0007,0008,000

Janu

ary

Febr

uary

Mar

ch

April

May

June

July

Augu

st

Sept

embe

r

Oct

ober

Nov

embe

r

Dec

embe

r

Camisea Gas Production 2007(Million cubic feet)

Source: Perupetro.

020406080

100120140160180200

Sem II -2004

Sem I -2005

Sem II -2005

Sem I -2006

Sem II -2006

Sem I -2007

Sem II -2007

Royalties paid by Camisea (Lot 88), 2004-2007 (US$ Million)

Source: Perupetro.

SEISMIC

0

2,000

4,000

6,000

8,000

10,000

12,000

1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007

Seismic Registered in Exploration Areas, 1997-20072D (Km)

Source: Perupetro

0

200

400

600

800

1,000

1,200

1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007

Seismic Registered in Exploration Areas, 1997-20073D (Km2)

Source: Perupetro

WELLS

0

2

4

6

8

10

12

1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007

Num

ber o

f wel

lsExplorations Wells

(1997-2007)

Source: Perupetro

020406080

100120140160180

1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007

Num

ber o

f Wel

ls

Development Wells(1997-2007)

Source: Perupetro

EXTERNAL SECTOR

-1026.09

-753.92

-1201.89

-1465.20-1600.00

-1400.00

-1200.00

-1000.00

-800.00

-600.00

-400.00

-200.00

0.00

1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007

Hydrocarbons Balance of Trade (1997-2007)US$ Million


2006 2007 Var % EXPORTSCrude Oil 465,777.56 587,012.88 26.0%GLP 5,108.39 66.19 -98.7%Gasolines 544,105.27 699,808.20 28.6%Medium Destilled

Keroturbo 236,647.69 293,643.22 24.1%Diesel 26,520.95 20,315.25 -23.4%

Residues Residual 6 50,175.22 142,046.34 183.1%

Others 274,359.43 354,364.82 29.2%TOTAL 1,602,694.51 2,097,256.90 30.9%

IMPORTS Crude Oil 2,156,672.91 2,667,649.26 23.7%Gasolines 57,698.52 63,588.57 10.2%Medium Destilled

Keroturbo 710.97 1,106.01 55.6%Diesel 450,643.24 622,078.47 38.0%Cut Material 11,069.37 17,020.44 100.0%

GLP 1,325.23 54,467.57 4010.0%Others 126,464.12 136,548.08 8.0%TOTAL 2,804,584.36 3,562,458.40 27.0%

BALANCE (1,201,889.85) (1,465,201.50) -21.9%

Hydrocarbons Balance of Trade

US$ Thousands


CONSUMPTION

1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007

134 149 155 148 144 140 135 145 136 134 139

100

110

120

130

140

150

160

Internal Oil Consumption, 1997-2007(Thousands barrels/day)


1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007

Talara 57.5 57.0 61.1 60.7 62.6 58.4 57.0 64.0 67.0 62.6 62.6

Pampilla 83.4 91.0 71.7 68.3 76.5 78.1 78.2 70.9 81.6 77.4 85.0

Conchán 6.4 10.4 11.1 12.6 12.1 8.9 11.0 13.3 13.3 11.8 11.5

Iquitos 8.0 7.5 5.4 6.0 7.9 9.2 8.0 8.9 9.7 8.8 9.2

El Milagro 1.6 1.7 1.6 1.6 1.9 1.8 1.8 1.9 2.0 1.7 1.8

Pucallpa 0.9 1.9 3.0 3.1 3.0 3.2 3.0 2.9 3.0 2.8 2.5

TOTAL 157.8 169.6 153.9 152.3 163.9 159.5 159.0 162.0 176.6 165.1 172.6

0.0

20.0

40.0

60.0

80.0

100.0

120.0

140.0

160.0

180.0

200.0

Refinery Production, 1997-2007(Thousands barrels/day)


QUOTATIONS

10.0

25.0

40.0

55.0

70.0

85.0

1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007

WTI Oil quotation , US$/Barrel (1990- 2007)

Source: Central Bank.

0

2

4

6

8

10

12

06/2000 01/2001 08/2001 03/2002 10/2002 05/2003 12/2003 07/2004 02/2005 09/2005 04/2006 11/2006 06/2007

Gas Quotation, Henry Hub 2000-2007 (Million US$ of BTU)

Source: EIA.

MARKETING

0.40

0.90

1.40

1.90

2.40

2.90

3.40

3.90

4.40

4.90

Jan-02 Jul-02 Jan-03 Jul-03 Jan-04 Jul-04 Jan-05 Jul-05 Jan-06 Jul-06 Jan-07 Jul-07

Evolution of the price of Fuels, 2002-2007US$ per Gallon

90 Oct 95 Oct Diesel 2 Kerosene GLP


2007

Departamento Supply Plants Carriers Direct Consumers

Retail Distributors

Gas Stations and Services

Stations

Gas Stations and Services

Stations

Variation (number)

Amazonas 1 19 8 1 49 48 1Ancash 1 151 99 10 88 87 1Apurimac - 23 5 - 39 35 4Arequipa 2 600 124 18 286 282 4Ayacucho - 41 12 - 81 76 5Cajamarca - 133 48 5 92 85 7Cusco 2 543 39 7 200 188 12Huancavelica - 10 13 - 9 9 0Huánuco - 50 7 2 51 50 1Ica 2 147 65 4 112 110 2Junin - 167 36 - 193 183 10La Libertad 3 377 116 9 157 160 -3Lambayeque 2 213 46 19 118 111 7Lima 19 1,668 711 245 1,140 1,121 19Loreto 3 124 55 - 101 101 0Madre de Dios - 6 28 - 64 61 3Moquegua 1 109 27 1 30 29 1Pasco 1 35 13 6 54 51 3Piura 4 182 101 18 118 116 2Puno 2 84 17 9 325 347 -22San Martin 2 83 17 2 99 92 7Tacna 1 62 9 12 51 47 4Tumbes - 8 15 - 14 13 1Ucayali 2 65 38 - 71 68 3TOTAL 48 4,900 1,649 368 3,542 3,470 72

2006Principales Indicadores de comercialización


PROJECTS

PERU LNG

The company continued the construction of the export project of the natural gas of Camisea,

which would enter operation in the 2010. It will require a total investment of US$ 3,800

million.

This private investment in our country will mean an increase of 0,7% of the GDP, an average

contribution of US$ 200 million to the State Treasury per year - calculated on the base of the

natural gas export that would annually fluctuate between US$ 800 million and US$ 1 billion-.

In 2007 the Banco Interamericano de Desarrollo approved a loan of US$ 400 million for this

project.

License Contracts– PERUPETRO

In November, PERUPETRO signed 18 license contracts, arriving at the record of 24 contracts

signed during the 2007.

Some of the contracts were signed by: The Russian Samaraneftegaz S.A.A., which obtained

the license for Block 130, located among the Provinces of Datem del Marañón, Alto

Amazonas and Loreto, in the Department of Loreto. The Korean SK Energy Co. Ltd., acquired

Block Z-46 located between Lambayeque and La Libertad, in the continental shelf. Also,

Vetra Energy Group LLC. will initiate exploration works in Block XXV located among Piura and

Tumbes. Pan Andean Resources Plc of Ireland obtained Blocks 131 and 141, located in the

Department of Ucayali, Huánuco, Pasco; and Puno respectively. Hunt Consolidated Inc. and

PetroVietnam Exploration Production Corporation, acquired Blocks 143 and Z-47, the first

one situated in the Department of Loreto and the second located facing the coasts of the

Departments of La Libertad and Ancash. BPZ Energy signed contract for Blocks XXIII and

XXII located both in Piura and Occidental Oil and Gas Peru, LLC, Sucursal del Peru for Block

142 located in the Department of Loreto

Among the consortiums that participated in the 2007 Bidding Round, the consortium

Talisman Energy Inc. and ECOPETROL INC. obtained Block 134. This association is formed by

the independent company based on Canada, Talisman Energy Inc., and ECOPETROL, a

Colombian corporation which is one of the 35 largest petroleum companies of the world and

is one of the top five enterprises of Latin America.

The investment considered in exploration for these contracts are US$ 800 million.

Source: Perupetro, Companies of the sector.

EnergySector

INSTALLED POWER CAPACITY AND PRODUCTION

0

1,000

2,000

3,000

4,000

5,000

6,000

7,000

8,000

1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007

Installed Power Capacity Evolution per type of Generation, 1997-2007 (MW)

Termal Hydraulic


0

5000

10000

15000

20000

25000

30000

35000

2001 2002 2003 2004 2005 2006 2007

Electricity Production (GWh)2001-2007


0

2000

4000

6000

8000

Edeg

el

Elec

trope

rú

Ener

gía

del

Sur

Otra

s G

ener

ador

as Eg

enor

Egas

a

Term

osel

va

San

Gab

án

Elec

tro

Ande

s

Production by company (GWH) 2007


TRANSMISSION

Hydraulic68%Thermal

32%

National Interconnected System Production2007


Hydraulic27%

Thermal73%

Production of Isolated Systems2007


COVERAGE AND LOSSES

62.0%

64.0%

66.0%

68.0%

70.0%

72.0%

74.0%

76.0%

78.0%

80.0%

0.00.51.01.52.02.53.03.54.04.55.0

1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007

Electricity sector coverage indicators(1997 - 2007)

No. Clients (Million)

Electrification Coefficient

Source: OSINERG

1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007

Series1 14.5% 12.4% 11.3% 10.4% 9.7% 9.1% 9.1% 8.7% 8.4% 8.0% 8.2%

7.00%

8.00%

9.00%

10.00%

11.00%

12.00%

13.00%

14.00%

15.00%

Evolution of energy looses in the Distribution Systems(1997 - 2007)

Source: OSINERG

DISTRIBUTION AND DEMAND

0

4000

8000

12000

16000

20000

24000

28000

2001 2002 2003 2004 2005 2006 2007

Sale of electrical energy to final clients (GWh) 2001-2007


1000

1400

1800

2200

2600

3000

3400

3800

4200

2001 2002 2003 2004 2005 2006 2007

Maximum Demand (MW)2001-2007


TARIFF

0.0

15.0

30.0

45.0

60.0

75.0

90.0

105.0

120.0

135.0

150.0

165.0

Jan-

02

Jun-

02

Nov

-02

Apr-0

3

Sep-

03

Feb

-04

Jul-0

4

Dec

-04

May

-05

Oct

-05

Mar

-06

Aug-

06

Jan-

07

Jun-

07

Nov

-07

US$Evolution of the Regulated Tariff and Spot

2002- 2007

Regulated Tariff Spot prices

Dic‐07

Source: OSINERG

PROJECTS

Electrical Generation

Thermal Power Station Chilca-I – Enersur The company put in commercial operation the second unit of the Chilca-I power station, with an installed power of 175 MW. Also, the company announced the construction of the third unit of the power station, which will provide 200 additional MW to the Interconnected National System. Thermal Power Station Kallpa The company inaugurated the commercial operation of the first natural gas turbine of the Thermal Power Station of Kallpa that will produce 168 MW. The company informed that this first unit will be complemented with 2 stages more that will generate 504 MW. The second stage will be in operation in the 2008 and third, that will imply a combined cycle, will be constructed according to the demand of the national power market.

Hydroelectric Power Station El Platanal The company started the construction of the Hydroelectric Power station, in the middle of the

2007, which will have a capacity of 220 MW and will imply a USS investment 180 million. Hydroelectric Power Station Santa Rita The project is in study. It will be located in Santa river (Ancash) and the installed capacity will be 225 MW. Also it will count on a substation and a line of communication of 47,22 km that will be connected with the Interconnected National System. Transmission

In November of the 2006 the Ministry of Energy and Mines published the Transitory Plan of Transmission, and in February of 2007 was published a modification including 2 projects. In addition, in agreement with the law "to assure the efficient development the electrical generation" ProInversión leads the processes of promotion of the deprived investment of the projects of transmission of the Plan, which was made opportunely. ProInversión have for the 2008 the following projects:

• Transmission Line Machu Picchu - Cotaruse – Socabaya o Reinforcing the Interconnection Center-South o Transmission Line Machu Picchu – Cotaruse

• Transmission Line Chilca – La Planicie – Zapallal • Transmission Line Vizcarra - Huallanca - Cajamarca - Carhuaquero and reinforcing the

Transmission Line Carhuamayo - Paragsha – Vizcarra. Source: Ministry of Energy and Mines, ProInversion, Companies of the sector.

Reporte Estadístico Mineroenergético 1er Semestre 2007/Inglés - Fecha de publicación: Marzo 2008

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Transcript of Reporte Estadístico Mineroenergético 1er Semestre 2007/Inglés - Fecha de publicación: Marzo 2008