From Tuesday, January 23rd to Monday, Junuary 29th, 2018

SPOTLIGHT

Oil company CNPC (China) plans to invest US$ 4,400 million in the development of the 58th gas lot in Cusco

The Asian oil company China National Petroleum Corporation (CNPC) presented the detailed environmental impact study for the development project of the 58^th gas lot (Cusco), which investment is estimated at US$ 4,400 million. The environmental study, presented at the end of December 2017, foresees works for the extension of locations and the drilling of 10 development wells from which gas and condensates will be extracted.

The permits and licenses of the project have a budget of US$ 216 million, while the construction, drilling and production of the same will have an investment of US$ 1,717 million. Additionally, the operation stage will require an investment of US$ 2,400 million, also involving a cost of abandonment for the wells deposit of US$ 70 million.

Shapoorji Pallonji and Corporación Zolla will sign an agreement for the development of a real estate project in southern Lima, which will require an investment of US$ 1,700 million

Corporación Zolla is structuring the execution of a mega real estate project called "Nueva Lima", which will be located south of the Peruvian capital (at kilometer 120 of the Panamericana Sur Highway). This project, to date, is estimated to require an investment of US$ 1,700 million.

The required investment will be disbursed by both local investors and foreigners, and the start of the construction of the project is expected soon. For this, the Zolla Corporation informed that it is close to execute an agreement with Shapoorji Pallonji Group, an Indian conglomerate with real estate and construction businesses.

Thus, the local company expects that during 2018 the first phase of construction will begin, which will require an investment of US$ 50 million over an area of 700 hectares out of the 10 thousand that the total area of the project implies.

• Real estate project "Life Style" of Parque Arauco, located in La Molina - Lima, will require an estimated investment of US$ 56 million (Gestión).

• Aeropuertos del Perú informed that it foresees an estimated investment of US$ 400 million for the modernization of the Chiclayo airport (Gestión).

• ProInversión informed that it is expected to have ready the new design of the "Gasoducto Sur Peruano" project in May 2018 and, with this, to carry out the tender process towards the end of the same year. The award is expected to be made during 2019 (Gestión).

• Olympic Peru plans to invest up to US$ 330 million in oil drilling in Piura (Gestión).

• Aceros Arequipa will invest US$ 180 million in the construction of a new plant in Pisco (Gestión).

• Chinalco informed that the expansion project of the Toromocho mining project will begin in March 2018 and will require an investment of US$ 1,200 million (Gestión).

• Shapoorji Pallonji and Corporación Zolla will sign an agreement for the development of a real estate project in southern Lima, which will require an investment of US$ 1,700 million (Gestión).

• The Regional Government of La Libertad reported that the construction works of the irrigation project "Chavimochic III" will be restarted between March and April 2018 (Gestión).

• DP World will invest US$ 18 million to complete infrastructure works at the south Port - Callao (Gestión).

• Lima Airport Partners reported that it submitted a modification to the environmental impact study for the Jorge Chávez Airport expansion project, which foresees an approximate investment of US$ 660 million until the year 2021 (Gestión).

• Oil company CNPC (China) plans to invest US$ 4,400 million in the development of the 58th gas lot in Cusco (Gestión).