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Peru’s balancing act between industry and domestic demands

The country’s resources sector has seen growth surge over the past decade, making it one of Latin America’s most attractive destinations for foreign investment. But that success has also sparked a backlash. Justin Jacobs looks at how Peru is reconciling the needs of industry with a growing chorus of domestic demands

Peru has been a bright spot for the oil and gas business in Latin America over the past decade, and its industry-friendly government policies held up as a counterpoint to those of resource nationalists in Venezuela, Bolivia and Ecuador. Production and investment levels have surged, the country has started up a major liquefied natural gas (LNG) export project and a string of successful licensing rounds have attracted a host of foreign companies into the country. And the country has big plans for the future. A major exploration licensing round is scheduled for late 2012 and a string of major development projects have been proposed, including a mu

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