reporte estadístico mineroenergético 1er semestre 2008/inglés - fecha de publicación: noviembre...
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PERU: MINING & ENERGY STATISTICAL REPORT
FIRST SEMESTER 2008
The mining, hydrocarbons and electrical sector play a transcendental roll in the
economic growth and social development of Peru; under this context the Sociedad
Nacional de Minería, Petróleo y Energía (SNMPE) has elaborated the “PERU: Mining
& Energy Statistical Report”, which contains the official information of the perfor-
mance obtained by these productive activities during the first semester of 2008.
The “PERU: Mining & Energy Statistical Report” describes the evolution of each
sector: mining, whose effort is reflected in a better mineral production; hydrocar-
bons, where it emphasizes the major level of natural gas production, as well as the
increase of the exploratory activity; and electrical, that works intensely to assume
the challenges that sustained the growth of the country.
The SNMPE gives this new edition of PERU: Mining & Energy Statistical Report, with
the intention that the public opinion knows the development of the Mining &
Energy sector and its real contribution with the present and future of Peru.
PERU:ECONOMICINDICATORS
II
3
GDP
GDP Growth Rate(percentage change)
-2.0%
0.0%
2.0%
4.0%
6.0%
8.0%
10.0%
Serie1 -0.4% 1.4% 3.6% 0.2% 5.2% 4.00% 4.80% 6.70% 8.03% 8.99% 8.00%
1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008*
*Central Reserve Bank of Peru Forecast Source: INEI
Agriculture & livestock7.60%
Fishing0.72%
Manufacturing15.98%
Construction5.58%
Commerce14.57%
Water0.41%
Other services39.25%
Taxes9.74%
Mining 3.71%
Oil0.96%
Electricity1.49%Mining & Energy
Sector6%
Participation of the Energy and Mining Sector in the National GDP, 2008
Source: INEI
4
INFLATION
Inflation(percentage change)
0.00
1.00
2.00
3.00
4.00
5.00
6.00
7.00
8.00
Serie1 6.01 3.70 3.73 -0.13 1.52 2.48 3.48 1.49 1.14 3.93 5.39
1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008*
*Central Reserve Bank of Peru Forecast Source: INEI
Rate of Inflation accumulated over the last 12 months,(percentage change)
-1.0
0.0
1.0
2.0
3.0
4.0
5.0
6.0
7.0
Source: INEI
5
EXTERNAL SECTOR
1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008*
Series1 9,184 8,404 8,180 8,613 9,598 10,194 12,631 14,097 17,275 27,689 35,518
0
5,000
10,000
15,000
20,000
25,000
30,000
35,000
40,000
Net International Reserves, 1998-2008(Millions of US$ )
* Data 2008 corresponds to first semester Source: Central Reserve Bank of Peru
0
100
200
300
400
500
600
700
800
900
Jan‐99
Apr‐99
Jul‐9
9
Oct‐99
Jan‐00
Apr‐00
Jul‐0
0
Oct‐00
Jan‐01
Apr‐01
Jul‐0
1
Oct‐01
Jan‐02
Apr‐02
Jul‐0
2
Oct‐02
Jan‐03
Apr‐03
Jul‐0
3
Oct‐03
Jan‐04
Apr‐04
Jul‐0
4
Oct‐04
Jan‐05
Apr‐05
Jul‐0
5
Oct‐05
Jan‐06
Apr‐06
Jul‐0
6
Oct‐06
Jan‐07
Apr‐ 07
Jul‐0
7
Oct‐07
Jan‐08
Apr‐08
(Basic Score)
PDI Stipped Spread Country Risk,1999‐2008
Jul ‐08
Source: Central Reserve Bank of Peru Data 2008 corresponds to first semester
6
TRADE BALANCE
1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008*
Exports 5,757 6,088 6,955 7,026 7,714 9,091 12,809 17,368 23,800 27,956 33,407
Imports 8,219 6,710 7,358 7,204 7,393 8,205 9,805 12,082 14,866 19,599 27,055
0
5,000
10,000
15,000
20,000
25,000
30,000
35,000
40,000
Trade Balance(Millions of US$)
*Central Reserve Bank of Peru Forecast Source: Central Reserve Bank of Peru
Source: Central Reserve Bank of Peru
Mining61.1%
Fishery 5.5%
Agriculture0.9%
Oil9.4%
Others23.1%
Exports 2008 - First Semester (Structure)
PERU:MININGSECTOR
III
8
PRODUCTION
Metal Mining Production, 1998 - 2008
(Units of fine content)
Year COPPER (MT)
LEAD (MT)
ZINC (MT)
SILVER (Kg)
GOLD (Kg)
IRON (MT)
TIN (MT)
1998 483,338 257,713 868,757 2,024,570 94,214 3,230,431 25,7471999 536,387 271,782 899,524 2,231,390 128,486 2,672,630 30,6182000 553,924 270,576 910,303 2,437,706 132,585 2,645,991 37,4102001 722,035 289,546 1,056,629 2,673,834 138,022 3,038,401 38,1822002 843,213 297,704 1,221,830 2,686,563 157,013 3,056,055 38,8152003 842,578 308,874 1,372,790 2,920,922 172,619 3,484,900 40,2022004 1,035,574 306,211 1,209,006 3,059,829 173,219 4,247,174 41,6132005 1,009,898 319,345 1,201,671 3,193,146 207,822 4,564,898 42,1452006 1,048,897 313,325 1,201,794 3,470,725 203,286 4,784,601 38,4702007 1,190,281 329,154 1,444,354 3,493,909 170,127 5,103,597 39,019
I Sem 2008 607,168 165,698 782,033 1,739,450 86,860 2,756,948 19,520Estimate 2008 1,250,000 335,000 1,500,000 3,500,000 171,000 5,200,000 39,050
Source: Ministry of Energy and Mines of Peru Estimated by SNMPE
Percentage changes
COPPER (MT)
LEAD (MT)
ZINC (MT)
SILVER (Kg)
GOLD (Kg)
IRON (MT)
TIN (MT)
I Sem 2008/ I Sem 2007 9.6% 3.4% 7.1% 5.5% 7.3% 6.6% 15.3%
9
COMMODITY PRICES
COPPER LEAD ZINC SILVER GOLD TIN Year LME LME LME Handy & Harman Final London LME
US$/MT US$/MT US$/MT US$/Troy Oz. US$/Troy Oz. US$/MT1998 1,652.88 528.42 1,023.26 5.53 294.07 6,540.581999 1,573.66 502.24 1,077.32 5.25 278.57 5,400.872000 1,814.26 454.22 1,128.11 5.00 279.10 5,434.762001 1,577.77 476.00 886.27 4.39 271.04 4,483.252002 1,557.50 452.58 778.56 4.62 309.68 4,061.692003 1,779.87 515.66 828.39 4.91 363.32 4,896.262004 2,865.89 886.47 1,047.75 6.68 409.21 8,512.732005 3,678.70 976.46 1,379.79 7.33 445.10 7,152.832006 6,730.60 1,287.49 3,272.62 11.58 603.77 8,620.112007 7,118.27 2,579.85 3,243.86 13.41 697.15 14,382.13
I Sem 2008 8,117.57 2,600.84 2,270.68 17.43 911.36 20,197.57
Source: London Metal Exchange, Handy & Hartman, London Bullion Market AssociationAnnual Averages
Percentage changes COPPER LEAD ZINC SILVER GOLD TIN
I Sem 2008 / I Sem 2007 19.6% 31.3% -36.2% 30.6% 38.2% 50.5%
10
EXTERNAL SECTOR
Year COPPER LEAD ZINC SILVER IRON GOLD TIN OTHERS TOTAL
1998 778.8 208.7 445.2 130.6 96.4 928.5 118.6 39.9 2,746.71999 776.3 177.1 462.4 169.3 66.7 1,192.5 132.9 30.8 3,008.02000 932.6 190.4 495.8 179.5 66.6 1,144.7 166.3 40.4 3,216.22001 985.9 196.0 419.4 168.6 81.4 1,166.2 130.3 38.8 3,186.52002 1,187.1 210.8 428.9 173.7 82.9 1,478.8 102.8 69.4 3,734.42003 1,260.5 201.3 528.7 191.0 94.1 2,044.7 151.4 101.5 4,573.32004 2,446.0 389.1 576.8 260.2 128.4 2,383.1 350.7 418.8 6,953.12005 3,360.3 491.4 805.1 280.6 216.1 3,165.5 269.8 1,170.7 9,759.52006 6,034.4 712.6 1,991.3 478.6 256.0 4,048.3 332.1 862.4 14,715.72007 7,240.9 1,033.0 2,532.8 537.5 285.4 4,024.6 252.5 1,009.3 16,915.9
I Sem 2008 4,170.5 615.8 841.5 328.5 166.5 2,804.3 333.9 635.0 9,895.9Source: Central Reserve Bank of Peru
Percentage changes COPPER LEAD ZINC SILVER IRON GOLD TIN OTHERS TOTAL
I Sem 2008 / I Sem 2007 38.8% 33.3% -38.0% 25.8% 25.2% 50.4% 39.1% 63.7% 28.7%
Source: Central Reserve Bank of Peru
Exportation by Main Products(Millions of US$)
Copper42.2%
Lead6.2%
Zinc8.5%
Silver 3.3%
Iron1.7%
Gold28.1%
Tin3.6%
Others6.4%
Mining ExportsFirst Semester 2008
11
COPPER (PERU: 3º worldwide producer
7.62% of the worldwide production)
Metal Mining Production, 1998 - 2008* (MT)
0200,000400,000600,000800,000
1,000,0001,200,0001,400,000
1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008*
Source: Ministry of Energy and Mines of Peru * Data estimate by SNMPE
Copper Prices(US$ per MT)
1,0002,0003,0004,0005,0006,0007,0008,0009,000
1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008
Source: London Metal Bulletin Data 2008 corresponds to first semester
Stocks LME (MT)
40,000140,000240,000340,000440,000540,000640,000740,000840,000
1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008
Source: London Metal Bulletin Data 2008 is at June 30
12
COPPER
Peru: Main Producer Companies, First Semester 2008
Xs trata Tintaya8%
Others9%
Cerro Verde26%
Antamina29%
S outhern28%
* Production data corresponds to concentration and hydrometallurgical process. Source: Ministry of Energy and Mines of Peru
13
LEAD (PERU: 4º worldwide producer
9.29% of the worldwide production)
Metal Mining Production, 1998 - 2008* (MT)
150,000175,000200,000225,000250,000275,000300,000325,000350,000
1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008*
Source: Ministry of Energy and Mines of Peru *Data estimate by SNMPE
Lead Prices(US$ per MT )
300600900
1,2001,5001,8002,1002,4002,700
1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008
Source: London Metal Bulletin Data 2008 corresponds to first semester
Stocks LME(MT)
20,00045,00070,00095,000
120,000145,000170,000195,000
1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008
Source: London Metal Bulletin Data 2008 is at June 30
14
LEAD
Peru: Main Producer CompaniesFirst Semester 2008
Atacocha3%
Volcan 26%
El Brocal10%
Quenuales7%
Chungar8%
Milpo6%
Others40%
*Production data corresponds to concentration process. Source: Ministry of Energy and Mines of Peru
15
ZINC (PERU: 3º worldwide producer
14.28% of the worldwide production)
Metal Mining Production, 1998 - 2008* (MT)
0200,000400,000600,000800,000
1,000,0001,200,0001,400,0001,600,000
1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008*
Source: Ministry of Energy and Mines of Peru *Data estimate by SNMPE
Zinc Prices(US$ per MT)
750
1,250
1,750
2,250
2,750
3,250
3,750
1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008
Source: London Metal Bulletin Data 2008 corresponds to first semester
Stocks LME (MT)
0100,000200,000300,000400,000500,000600,000700,000800,000
1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008
Source: London Metal Bulletin Data 2008 is at June 30
16
ZINC
Peru: Main Producer Companies, First Semester 2008
Antamina24%
Volcan17%
Quenuales13%
Milpo8%
El Brocal6%
Others32%
*Production data corresponds to concentration process. Source: Ministry of Energy and Mines of Peru
17
GOLD
(PERU: 5º worldwide producer 6.80% of the worldwide production)
Metal Mining Production, 1998 - 2008*(kilograms)
025,00050,00075,000
100,000125,000150,000175,000200,000225,000
1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008*
Source: Ministry of Energy and Mines of Peru *Data estimate by SNMPE
Gold Prices(US$ per Troy Oz.)
200300400500600700800900
1,000
1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008
Source: London Metal Bulletin Data 2008 corresponds to first semester
18
GOLD
* Production data corresponds to processes of concentration and hydrometallurgical process. Source: Ministry of Energy and Mines of Peru
Peru: Main Producers Companies, First Semester 2008
Horizonte3%
Madre de Dios9%
Yanacocha34%
Barrick26%
Buenaventura6%
Ares2%
Retamas3%
Santa Rosa 3%
Aruntani6%
Others8%
19
SILVER
(PERU: 1º worldwide producer 16.58% of the worldwide production)
Metal Mining Production, 1998 - 2008*
(kilograms)
500,000
1,000,000
1,500,000
2,000,000
2,500,000
3,000,000
3,500,000
4,000,000
1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008*
Source: Ministry of Energy and Mines of Peru *Data estimate by SNMPE
Silver Prices(US$ per Troy Oz.)
4.006.008.00
10.0012.0014.0016.0018.0020.00
1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008
Source: London Metal Bulletin Data 2008 corresponds to first semester
20
SILVER
Peru: Main Producer Companies, First Semester 2008
Volcan14.0%Buenaventura
11.3%
Antamina11.4%
Ares10.0%
Others31.5%
El Brocal4.4% Quenuales
4.0%
Pan American4.6%
Yanacocha2.3%
Southern6.5%
* Production data corresponds to concentration and hydrometallurgical process. Source: Ministry of Energy and Mines of Peru
21
IRON
(PERU: 17º worldwide producer 0.26% of the worldwide production)
Source: Ministry of Energy and Mines of Peru *Data estimate by SNMPE
Source: London Metal Bulletin Data 2008 corresponds to first semester
0 1,000,000 2,000,000 3,000,000 4,000,000 5,000,000 6,000,000
1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008*
Metal Mining Production, 1998 - 2008* (LT)
0 10
20
30
40
50
60
1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008
Iron Prices(US$ per LT)
22
TIN (PERU: 3º worldwide producer
12.66% of the worldwide production)
Source: Ministry of Energy and Mines of Peru *Data estimate by SNMPE
0
5,000
10,000
15,000
20,000
25,000
1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008
TIN Prices(US$ per MT)
Source: London Metal Bulletin Data 2008 corresponds to first semester
05,000
10,000 15,000 20,000 25,000 30,000 35,000 40,000 45,000
1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008*
Metal Mining Production, 1998 - 2008* (MT)
23
CANON, STANDING FEE AND PETITIONS Mining Canon (1998-2008)
(Thousands of Soles)
Year Canon Generated Canon Transferred1998 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 1,746,3792007 4,435,674 5,156,6322008 n.d. 4,435,674
Note: the mining canon generated by the 2006 and 2007 was transferred in a single quota in June of 2007 and 2008, respectively. The usual distribution in in 12 equal quotas, from June of the following year of the generation of the Canon.Source: Ministry of Economy and Finance of Peru
Distribution of the Standing Fee, 1998-2008*(thousands of US$)
Year Province District ExtremePoverty INGEMMET INACC MEM Gob.
Regionales Total 1998 4,023.78 4,127.72 0.00 6,071.14 3,035.57 3,035.57 0.00 20,293.781999 3,641.16 3,676.77 0.00 5,436.21 2,718.10 2,718.10 0.00 18,190.352000 3,613.86 3,624.08 0.00 5,359.75 2,679.87 2,679.87 0.00 17,957.432001 3,724.53 4,501.75 6,338.08 1,872.47 1,904.21 942.08 0.00 19,283.112002 4,433.19 4,467.60 7,844.69 2,201.53 2,219.00 1,096.38 0.00 22,262.382003 4,738.70 4,761.43 8,361.90 2,314.49 2,347.75 1,157.25 0.00 23,681.532004 4,425.21 7,606.50 7,815.82 2,624.79 2,636.28 1,312.39 0.00 26,420.992005 0.00 15,917.41 0.00 2,099.02 2,102.23 1,049.42 0.00 21,168.082006 0.00 27,615.17 0.00 3,691.49 3,695.08 1,845.75 0.00 36,847.492007 0.00 30,073.98 0.00 6,986.15 1,023.48 2,001.75 0.00 40,085.372008* 0.00 32,043.49 0.00 8,319.40 0.00 2,069.97 163.32 42,596.18
TOTAL 28,600.43 138,415.90 30,360.49 46,976.43 24,361.58 19,908.54 163.32 288,786.68Source: Geology Institute of Mining and Metallurgy (*)Data 2008 corresponds to first semester
Request Petitions per Year, 1998-2008*
Year Quantity Hectares1998 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 3,648,4972008* 5,488 2,560,411Total 49,237 23,350,062
Source: Geology Institute of Mining and Metallurgy(*)Data 2008 corresponds to first semester
24
EMPLOYMENT
1998 1999 2000 2001 2002 2003 2004 2005 2006 2007
Thousand HL 36 63 19 70 359 43 179 119 83 2057
0
500
1000
1500
2000
2500
Thousand hour/men lost annually by strikes in the mining sector
Source: INEI
Source: INEI Data correspond from January to May 2008
553.3
781.7
January ‐May 2007 January ‐May 2008
Thousands hour/men lost by strikes in the mining sector
PERU:HYDROCARBONS
SECTOR
IV
26
PRODUCTION
National Oil Production(Thousands of barrels per day)
60
70
80
90
100
110
120
115.6 102.9 99.2 97.1 96.9 91.4 94.1 111.3 115.6 113.9 108.2
1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008*
Source: Perupetro S.A. (*)Data 2008 corresponds to the average of the first semester
Source: Perupetro S.A. (*)Data 2008 corresponds to the average of the first semester
National Natural Gas Production1998 - 2008*
(Millions of cubic feet per day)
0.00 50.00
100.00 150.00 200.00 250.00 300.00 350.00
1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008*
Norwest Offshore Jungle
27
OIL
COMPANY PRODUCTION
Oil Production by company, First Semester 2008
Aguaytia Energy2.5%
Sapet2.6%
Petrobras13.0%
Petrotech 10.3% Pluspetrol Norte
35.8%
Pluspetrol Peru Corp
28.8%
Others7.0%
19,663.69 thousand barrels108.2 thousand of barrels per day
Source: Perupetro S.A.
28
NATURAL GAS
COMPANY PRODUCTION
Gas Production by company, First Semester 2008
Olympic0.4%
GMP1.6% Sapet
0.7% Pluspetrol77.0%
Petrobras3.4%
Petrotech 4.4%Aguaytia
12.6%
94,485 million cubic feet295.33 million of cubic feet per day
Source: Perupetro S.A.
29
CANON
Source: Perupetro S.A.
1998 1999 2000 2001 2002 2003 2004 2005 2006 2007
Cusco 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
Tumbes 14.9 20.5 31.4 25.7 25.1 28.4 34.5 50.8 64.8 70.3
Piura 59.7 81.8 125.7 102.7 100.6 113.4 138.1 203.1 259.3 281.1
Ucayali 18.1 37.2 61.8 52.6 61.4 68.1 74.5 94.5 104.1 107.8
Loreto 59.4 116.1 187.8 151.5 177.9 188.9 191.6 247.0 284.8 295.0
0100200300400500600700800900
1000110012001300
Hydrocarbons Canon(Millions of Nuevos Soles)
Source: Perupetro S.A.
Hydrocarbons Canon by RegionFirst Semester 2008
Tumbes 6.5%
Puerto Inca- Huánuco
0.1% Piura26.0%
Ucayali8.4%
Loreto23.4%Cusco
35.5% Loreto
Ucayali
Piura
Tumbes
Puerto Inca-Huánuco Cusco
Transferred canon S/. 779 million
534.70
778.12
I Sem 2007 I Sem 2008
Hydrocarbos Canon(Millions of Nuevos Soles)
I Semester 2007 vs. I Semester 2008
30
CAMISEA
Source: Perupetro S.A.
Royalties paid by Camisea (Block 88), 2004-2008 (Millions of US$)
0
50
100
150
200
250
II Sem -2004
I Sem -2005
II Sem -2005
I Sem -2006
II Sem -2006
I Sem -2007
II Sem -2007
I Sem -2008
Source: Perupetro S.A.
Camisea´s Natural Gas Production 2007-2008(Millions of cubic feet)
0
5,000 10,000 15,000 20,000 25,000 30,000 35,000 40,000 45,000
Jul07l Aug07 Sep07 Oct07 Nov07 Dec07 Jan08 Feb08 Mar08 Apr08 May08 Jun08
31
SISMIC
Seismic in Exploration Areas, 1998-2008*2D (Km)
0
2,000
4,000
6,000
8,000
10,000
12,000
1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008*
Source: Perupetro S.A. (*)Data 2008 corresponds to first semester
Seismic in Exploration Areas, 1998-2008*3D (Km2)
0
200
400
600
800
1,000
1,200
1,400
1,600
1,800
1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008*
Source: Perupetro S.A. (*)Data 2008 corresponds to first semester
32
WELLS
10
65
45
3
5 5
89
4
0
2
4
6
8
10
12
1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008*
Num
ber o
f wel
ls
Explorations Wells (1998-2008*)
Source: Perupetro S.A. (*)Data 2008 corresponds to first semester
50
1531 32
1026 34
69 70
157
91
020406080
100120140160180
1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008*
Num
ber o
f Wel
ls
Developing Wells(1998-2008*)
Source: Perupetro S.A. (*)Data 2008 corresponds to first semester
33
EXTERNAL SECTOR
-1,026
-754
-1,202
-1,465 -1,600
-1,400
-1,200
-1,000
-800
-600
-400
-200
-
1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007
Hydrocarbons Trade Balance (1997 - 2007)(Millions of US$)
Source: Ministry of Energy and Mines of Peru
Source: Ministry of Energy and Mines of Peru
I Sem 2007 I Sem 2008 Var % EXPORTS Crude Oil 283,221.36 303,801.02 7.3% GLP 21.24 575.97 2611.7% Gasolines 282,901.46 473,160.92 67.3% Medium Destilled
Keroturbo 118,853.93 226,905.32 90.9% Diesel 12,162.72 12,990.63 6.8%
Residues Residual 6 21,125.86 163,699.91 674.9%
Others 111054.55 310508.56 179.6% TOTAL 829,341.12 1,491,642.33 79.9%
IMPORTS Crude Oil 1,106,400.32 2,019,339.50 82.5% Gasolines 30,229.04 57,452.44 90.1% Medium Destilled
Keroturbo 517.41 856.27 100.0% Diesel 237,105.22 652,194.83 175.1% Cut Material 17,020.44 46,097.97 170.8%
GLP 54,467.57 79,324.60 45.6% Others 23,517.05 79,234.45 236.9% TOTAL 1,469,257.05 2,934,500.06 99.7%
BALANCE (639,915.93) (1,442,857.73) -125.5%
US$ Thousands
Hydrocarbons Trade Balance
34
CONSUMPTION
Internal Oil Consumption(Thousands of barrels per day)
100
110
120
130
140
150
160
149 155 148 144 140 135 145 136 134 139 144
1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008*
Source: Ministry of Energy and Mines of Peru (*)Data 2008 corresponds to the average of the first semester
Refinery Production, 1998 - 2008*(Thousands of barrels per day)
0.0
20.0
40.0
60.0
80.0
100.0
120.0
140.0
160.0
180.0
200.0
Talara 57.0 61.1 60.7 62.6 58.4 57.0 64.0 67.0 62.6 62.6 65.5
Pampilla 91.0 71.7 68.3 76.5 78.1 78.2 70.9 81.6 77.4 85.0 84.6
Conchán 10.4 11.1 12.6 12.1 8.9 11.0 13.3 13.3 11.8 11.5 10.6
Iquitos 7.5 5.4 6.0 7.9 9.2 8.0 8.9 9.7 8.8 9.2 9.6
El M ilagro 1.7 1.6 1.6 1.9 1.8 1.8 1.9 2.0 1.7 1.8 1.6
Pucallpa 1.9 3.0 3.1 3.0 3.2 3.0 2.9 3.0 2.8 2.5 2.3
TOTAL 157.8 169.6 153.9 152.3 163.9 159.5 159.0 162.0 176.6 165.1 172.6
1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008*
Source: Ministry of Energy and Mines of Peru (*)Data 2008 corresponds to the average of the first semester
35
PRICES
10.0
25.0
40.0
55.0
70.0
85.0
100.0
115.0
130.0
1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008*
Crude Oil: West Texas Intermediate(US$ per barrel(1998-2008*)
Source: Central Bank of Peru. Data corresponds to first semester 2008
Natural Gas: Henry Hub (US$ per million of BTU)
0.00
2.00
4.00
6.00
8.00
10.00
12.00
14.00
Jun-00 Dic-00 Jun-01 Dic-01 Jun-02 Dic-02 Jun-03 Dic-03 Jun-04 Dic-04 Jun-05 Dic-05 Jun-06 Dic-06 Jun-07 Dic-07 Jun-08 Source: EIA. Data corresponds to first semester 2008
36
Domestic fuels prices evolution(US$ per gallon)
0.40
0.90
1.40
1.90
2.40
2.90
3.40
3.90
4.40
4.90
5.40
5.90
Jan-02 Jul-02 Jan-03 Jul-03 Jan-04 Jul-04 Jan-05 Jul-05 Jan-06 Jul-06 Jan-07 Jul-07 Jan-08
90 Oct 95 Oct Diesel 2 Kerosene GLP
Source: Ministry of Energy and Mines of Peru Data corresponds to first semester 2008
First Semester 2008
Region Supply Plants Carriers Direct Consumers Retail Distributors
Gas Stations and Services
Stations
Gas Stations and Services
Stations
Variation (number)
Amazonas 1 18 8 1 50 49 1Ancash 1 158 102 11 95 88 7Apurimac - 23 6 - 40 39 1Arequipa 2 619 122 18 287 286 1Ayacucho - 42 16 - 82 81 1Cajamarca - 148 49 5 96 92 4Cusco 2 563 34 9 207 200 7Huancavelica - 10 14 - 9 9 0Huánuco - 50 7 2 53 51 2Ica 2 140 67 4 112 112 0Junin - 171 40 1 195 193 2La Libertad 3 390 115 9 160 157 3Lambayeque 2 223 45 19 119 118 1Lima 18 1,713 721 247 1,130 1,140 -10Loreto 3 124 57 - 106 101 5Madre de Dios - 5 30 - 66 64 2Moquegua 1 117 24 1 31 30 1Pasco 1 36 10 6 50 54 -4Piura 4 193 100 20 121 118 3Puno 2 88 16 7 319 325 -6San Martin 2 89 16 2 103 99 4Tacna 1 64 10 13 51 51 0Tumbes - 8 15 - 13 14 -1Ucayali 2 68 37 - 73 71 2TOTAL 47 5,060 1,661 375 3,568 3,542 26
2007Retail stations of liquids fuels
Source: Ministry of Energy and Mines of Peru
PERU:ENERGYSECTOR
V
38
EXISTING GENERATING CAPACITY AND PRODUCTION
Source: Ministry of Energy and Mines of Peru
Electricity Production (GWh)First Semesters 2001 - 2008
0
3000
6000
9000
12000
15000
18000
I Sem 2001 I Sem 2002 I Sem 2003 I Sem 2004 I Sem 2005 I Sem 2006 I Sem 2007 I Sem 2008
Source: Ministry of Energy and Mines of Peru
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
Existing Generating Capacity, by source1997-2007 (MW)
Termal Hydraulic
39
PRODUCTION
Source: Ministry of Energy and Mines of Peru
Source: Ministry of Energy and Mines of Peru
Electricity Production by company (GWh)First Semester 2008
0
1000
2000
3000
4000
5000
Edegel Electroperú Energía delSur Others Egenor Egasa Termoselva San Gabán Electro
Andes
Electricity Production by company,First Semester 2008
Edegel23.20%
Electroperú27.67%Energía del sur
8.83%
Duke Energy14.31%
Electroandes3.51%
Others22.48%
40
GENERATION
National Interconnected System Production, by source2008
Hydraulic67%Thermal
33%
Source: Ministry of Energy and Mines of Peru Data of 2008 corresponds to first semester
Isolated Electrical System Production, by source 2008
Hydraulic28%
Thermal72%
Source: Ministry of Energy and Mines of Peru Data of 2008 corresponds to first semester
41
COVERAGE AND LOSSES
64.0%
66.0%
68.0%
70.0%
72.0%
74.0%
76.0%
78.0%
80.0%
82.0%
0.00.51.01.52.02.53.03.54.04.55.0
1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008
Electricity sector coverage
N° Clients (Millions)
Electrification Coefficient
Source: OSINERGMIN Data of 2008 corresponds to the average of the first semester
Source: OSINERGMIN Data of 2008 corresponds to the average of the first semester
1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008*
Series1 12.4% 11.3% 10.4% 9.7% 9.1% 9.1% 8.7% 8.4% 8.0% 8.2% 8.0%
7.00% 8.00% 9.00%
10.00% 11.00% 12.00% 13.00% 14.00% 15.00%
Electricity losses in Distribution Systems(Average)
42
DISTRIBUTION AND DEMAND
Electricity sales to final free and regulated clients (GWh)First Semesters 2001 - 2008
0
2000
4000
6000
8000
10000
12000
14000
I Sem 2001 I Sem 2002 I Sem 2003 I Sem 2004 I Sem 2005 I Sem 2006 I Sem 2007 I Sem 2008
Source: Ministry of Energy and Mines of Peru
Source: Ministry of Energy and Mines of Peru
Peak Electricity Demand (MW)
First Semesters 2003 - 2008
1000
1500
2000
2500
3000
3500
4000
4500
I Sem 2003 I Sem 2004 I Sem 2005 I Sem 2006 I Sem 2007 I Sem 2008
43
PRICES
0.000
20.000
40.000
60.000
80.000
100.000
120.000
140.000
160.000
180.000
Jan-
00
Apr
-00
Jul-0
0
Oct
-00
Jan-
01
Apr
-01
Jul-0
1
Oct
-01
Jan-
02
Apr
-02
Jul-0
2
Oct
-02
Jan-
03
Apr
-03
Jul-0
3
Oct
-03
Jan-
04
Apr
-04
Jul-0
4
Oct
-04
Jan-
05
Abr
il
Jul-0
5
Oct
-05
Jan-
06
Apr
-06
Jul-0
6
Oct
-06
Jan-
07
Apr
-07
Jul-0
7
Oct
-07
Jan-
08
Apr
-08
Regulated and Spot Electricity Prices(US$ per KWh)
Regulated Prices Spot Prices
Source: OSINERGMIN