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Peru Oil and Gas Downstream Market Size (2024 - 2029)

The oil and gas downstream market in Peru is anticipated to experience growth, driven by factors such as increased production and government investments in refinery infrastructure. Despite facing supply-related challenges, the market's capacity is expected to expand through the development of existing refineries and enhanced infrastructure. The country's significant gas reserves present opportunities for downstream companies to maximize refinery utilization. Additionally, rising consumption and investment in the sector are projected to further contribute to the market's expansion.

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Market Size of Peru Oil and Gas Downstream Industry

Peru Oil and Gas Downstream Market - Summary
Study Period 2020 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2020 - 2022
CAGR > 1.61 %
Market Concentration High

Major Players

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*Disclaimer: Major Players sorted in no particular order

Peru Oil & Gas Downstream Market Analysis

The oil and gas downstream market in Peru is porjected to register a CAGR of more than 1.61% during the forecast period of 2020-2025. Factors, such as increasing oil and gas production and the government's push to invest in the refineries, are expected to boost the dgrowth of the oil and gas downstream market in Peru during the forecast period. However, the country faces a lot of supply-related issues, which must be fixed for steady growth in the sector.

  • 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 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 and Gas Downstream Market Size Summary

The oil and gas downstream market in Peru is poised for growth, driven by increased production and government initiatives to enhance refinery investments. The expansion of existing refineries and a focus on improving oil and gas infrastructure are expected to boost refining capacity. Despite challenges such as supply chain issues and rugged terrain, the market is anticipated to benefit from the country's substantial gas reserves and rising consumption of oil and gas. The government's commitment to infrastructure projects and investments, including the development of a petrochemical plant and the restart of a natural gas pipeline, is expected to further stimulate the sector's growth.

The downstream industry in Peru is expected to experience significant growth over the forecast period, supported by increased oil and gas consumption and proposed investments. The midstream infrastructure's expansion is anticipated to enhance the downstream sector's economic viability. The market is moderately consolidated, with major players like Total SA, Royal Dutch Shell PLC, CF Industries Holdings, Inc., Repsol SA, and Petróleos del Perú SA playing pivotal roles. The combination of rising production, consumption, and strategic investments positions the Peruvian oil and gas downstream market for a positive growth trajectory.

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Peru Oil and Gas Downstream Market Size - Table of Contents

  1. 1. MARKET OVERVIEW

    1. 1.1 Introduction

    2. 1.2 Refining Capacity Installed and Forecast, in thousand barrels per day, till 2025

    3. 1.3 Recent Trends and Developments

    4. 1.4 Government Policies and Regulations

    5. 1.5 Market Dynamics

      1. 1.5.1 Drivers

      2. 1.5.2 Restraints

    6. 1.6 Supply Chain Analysis

    7. 1.7 PESTLE ANALYSIS

  2. 2. MARKET SEGMENTATION

    1. 2.1 Refineries

      1. 2.1.1 Overview

        1. 2.1.1.1 Existing Infrastructure

        2. 2.1.1.2 Projects in Pipeline

        3. 2.1.1.3 Upcoming Projects

    2. 2.2 Petrochemicals Plants

      1. 2.2.1 Overview

        1. 2.2.1.1 Existing Infrastructure

        2. 2.2.1.2 Projects in Pipeline

        3. 2.2.1.3 Upcoming Projects

Peru Oil and Gas Downstream Market Size FAQs

The Peru Oil and Gas Downstream Market is projected to register a CAGR of greater than 1.61% during the forecast period (2024-2029)

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.

Peru Oil & Gas Downstream Market Report Snapshots

Peru Oil & Gas Downstream Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)