LATIN AMERICA ADVISOR

Energy ADVISOR

A daily publication Of the dialogue

February 18, 2022

Is Political Turmoil Curtailing Peru’s Energy Sector?

Peruvian President Pedro Castillo (L), who has been in office just over six months, last week swore in his fourth energy minister, engineer Carlos Palacios (R). // Photo: Peruvian Government.

Q

A

Carlos Fernando Herrera Descalzi, former Peruvian minister of energy and mines: “The Ministry of Energy and Mines had been operating almost on autopilot, leaving problems to resolve themselves. The situation came about from a succession of administrations that were constantly changing hands. Not long after he was elected, President Castillo declared: ‘Today there is a critical anomie in the mining, energy and hydrocarbons sector.’ The characterization was markedly exaggerated. But after six months in office, the description now fits reality. In his resignation letter, the outgoing vice minister of mines stated: ‘The energy and mining sector requires officials and technical specialists, conditions that are not being met with the appointment of officials who attained their positions not because of merit or experience, but because they know the right people.’ In six months, four ministers have assumed the energy and mines portfolio, and none of them were…”

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ABOUT THE Energy ADVISOR

A sister publication of the Inter-American Dialogue’s daily Latin America Advisor, the weekly Energy Advisor captures fresh analysis from business leaders and government officials on the most important developments in oil and gas, biofuels, the power sector, renewables, new technologies, and the policy debates shaping the future of energy in the Western Hemisphere and beyond. To subscribe or for more information, contact Gene Kuleta, editor of the Advisor, at gkuleta@thedialogue.org.

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Gene Kuleta
Editor
P. 202.463.2920
E. gkuleta@thedialogue.org

Carl David
Goette-Luciak
Reporter

Nili Blanck
Reporter

board of advisors

Nigel Blackaby
Global Head, International Arbitration Group,
Freshfields Bruckhaus Deringer

Jimena Blanco
Chief Analyst,
Verisk Maplecroft

María José Cortés
Head of ESG,
Atlas Renewable Energy

Jeffrey Davidow
Senior Counselor,
The Cohen Group

Analia Gonzalez
Leader, Arbitration & Litigation,
Laitn America, BakerHostetler

Jonathan C. Hamilton
Partner,
White & Case

Raul Herrera
Partner, Corporate &
Securities Practice,
Arnold & Porter

James R. Jones
Chairman,
Monarch Global Strategies

Jorge Kamine
Partner, Corporate &
Financial Services,
Willkie Farr & Gallagher

Craig A. Kelly
Senior Director,
Int’l Government Relations,
Exxon Mobil

Jeremy Martin
Director,
Energy Program,
Institute of the Americas

Larry Pascal
Chairman, Americas
Practice Group,
Haynes & Boone

R. Kirk Sherr
President,
Clearview Strategy Group

Daniela Stevens
Director,
Energy Transition and Climate Program,
Inter-American Dialogue

Doris Rodríguez
Partner,
Hunton Andrews Kurth

Alexandra Valderrama
Director,
International Government
Affairs, Chevron

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