Peru diversifies crude import sources

Peru has started expanding the sources of its crude imports, slowly introducing US and Brazilian grades to a supply mostly based on oil from Ecuador, Africa and Trinidad and Tobago.
The numbers show Peru has joined the growing list of Latin American countries increasing purchases of US light crudes for their refineries since an export ban was lifted in late 2015.

According to a recent statement by the Chief of External Markets at Peruvian state-run oil firm Petroperu, Augusto Nunez: “Buying other crudes is a result of a wider variety due to US crude exports. We always choose the option with the best economic value for us.”

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