| Study Period | 2020 - 2030 |
| Base Year For Estimation | 2024 |
| Forecast Data Period | 2025 - 2030 |
| Historical Data Period | 2020 - 2023 |
| CAGR | 1.61 % |
| Market Concentration | High |
Major Players*Disclaimer: Major Players sorted in no particular order |
Peru Oil & Gas Downstream Market Analysis
The Peru Oil and Gas Downstream Market is expected to register a CAGR of greater than 1.61% during the forecast period.
- The oil refining capacity is expected to witness growth due to expansion in the existing refineries and government's focus towards increasing the oil and gas infrastructure.
- Peru has approximately 12.4 trillion cubic feet (Tcf) of gas reserves, which account for 0.2% of the total share of gas reserves in the world. Large scale production may become an opportunity for downstream companies, as the refineries may be utilized to the maximum.
- The oil and gas downstream industry in Peru is expected to witness growth due to an increase in the consumption of oil and gas in the country. Increase in the investment is also expected to amplify the growth in the sector.
Peru Oil & Gas Downstream Market Trends
Oil Refining Capacity to Witness Growth
- The refining capacity in the country remained stable in the 2015-2018 period. The country lacks necessary infrastructure requirements related to the oil and gas downstream sector. Moreover, the rugged terrain in the country makes the supply chain a massive obstacle.
- In 2019, expansion in the refining capacity of the second-largest refinery in the country is expected to take place over the forecast period. Talara Refinery is expected to increase its capacity from 65,000 barrels per day to 95,000 barrels per day.
- Consumption of natural gas increased in the country, by 3.52% from 5.8 million ton of oil equivalent, in 2017 to 6.1 million ton of oil equivalent, in 2018. Production of gas in Peru increased slightly by 0.23%, year on year, from 10.9 million ton oil equivalent in 2015, to 11.0 million ton oil equivalent, in 2018. Increase in natural gas production provides boost to the petrochemical industry.
- Hence, the refining capacity is expected to increase slightly over the forecast period due to an increase in investment in the oil and gas downstream sector.
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Increasing Consumption of Oil to Drive the Market
- The increase in the consumption of oil and gas in the country is expected to positively impact the growth of the oil and gas downstream industry over the forecast period. Increase in the midstream infrastructure is also expected to make the downstream sector more economically viable.
- Production of oil in the country increased, by 12.4%, from 137,000 barrels per day, in 2017 to 154,000 barrels per day, in 2018. The consumption of oil, in the country, increased, by 1.96%, year on year, from 247,000, in 2015 to 267,000, in 2018. The increase in consumption and production of oil is expected to increase the growth in the industry.
- In 2018, Peru's new government plans to promote infrastructure projects and investments to improve the country's productivity, including restarting of a natural gas pipeline and plans to build a petrochemical plant. The increase in gas infrastructure is expected to promote the petrochemical industry.
- The oil and gas downstream industry in Peru is expected to grow significantly in the forecast period due to an increase in oil and gas consumption and proposed new investment in the country.
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Peru Oil & Gas Downstream Industry Overview
The oil and gas downstream market in Peru is moderately consolidated. The major companies include Total SA, Royal Dutch Shell PLC, CF Industries Holdings, Inc., Repsol SA, and Petróleos del Perú SA.
Peru Oil & Gas Downstream Market Leaders
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Repsol S.A.
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Petróleos del Perú S.A.
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CF Industries Holdings, Inc.
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Total SA
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Royal Dutch Shell PLC
- *Disclaimer: Major Players sorted in no particular order
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Peru Oil & Gas Downstream Industry Segmentation
The oil and gas downstream market report include:
| Refineries | Overview | Existing Infrastructure |
| Projects in Pipeline | ||
| Upcoming Projects | ||
| Petrochemicals Plants | Overview | Existing Infrastructure |
| Projects in Pipeline | ||
| Upcoming Projects |
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Peru Oil & Gas Downstream Market Research FAQs
What is the current Peru Oil and Gas Downstream Market size?
The Peru Oil and Gas Downstream Market is projected to register a CAGR of greater than 1.61% during the forecast period (2025-2030)
Who are the key players in Peru Oil and Gas Downstream Market?
Repsol S.A., Petróleos del Perú S.A., CF Industries Holdings, Inc., Total SA and Royal Dutch Shell PLC are the major companies operating in the Peru Oil and Gas Downstream Market.
What years does this Peru Oil and Gas Downstream Market cover?
The report covers the Peru Oil and Gas Downstream Market historical market size for years: 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Peru Oil and Gas Downstream Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.
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Peru Oil & Gas Downstream Industry Report
Statistics for the 2025 Peru Oil and Gas Downstream market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Peru Oil and Gas Downstream analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.
