Local Consortium Awarded Peru Concession

A consortium formed by local developer Grana y Montero and logistics operator Oiltanking Peru has won the concession to build and operate a $107m, 245km pipeline that will transport will transport up to18,000 bpd of liquefied petroleum gas and other hydro carbons from a pumping facility operated by Argentinean group Pluspetrol in Pisco to a storage facility in Lurin, a city near Lima, the Peruvian investment promotion agency ProInversion says. The consortium will build the pipeline, known as Poliducto Pisco-Lurin and operate and maintain it for 10 years, ProInversion says. An estimated $70m will be used for the construction of the pipeline, while $37m will be spent in operations and maintenance in the 10 year period, the agency adds.