India's Reliance eyes Peru energy investments

Tue Jun 17, 2008 7:34pm BST
 
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LIMA, June 17 (Reuters) - Indian energy group Reliance (RELI.BO) plans to explore for oil in Peru and will evaluate investing in a new petrochemicals complex in the Andean country, officials said on Tuesday.

The Indian group, a newcomer to Peru, plans to look for hydrocarbons in the province of Puno and the Amazon basin.

"Investments could reach hundreds of millions of dollars," Savitri Kunadi, a company officer, said after meeting with Peru's President Alan Garcia.

Peru is trying to lure billions in foreign investment as part of an effort to develop its Camisea gas fields and boost output of oil and natural gas. (Reporting by Terry Wade; editing by Jim Marshall)

 

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