Petroperu requests emergency declaration after pipeline attack



LIMA, July 1 (Reuters) - State-owned Petroperu asked the government to declare a state of emergency for a major crude oil pipeline late on Friday, after it suffered a series of cuts in an Amazonian region of the country that it described as "an unprecedented attack."

Petroperu confirmed an oil leak in a statement, adding that the spill had been contained in the pipeline's containment channel but did not specify the leak's size.

The company said its maintenance personnel verified the existence of 25 cuts made in recent hours in the pipeline, located in the northern Loreto region.

As part of a contingency plan, Petroperu suspended pumping in the pipeline "in the face of the environmental emergency."

The company did not specify who could be behind the attacks, but has requested law enforcement beef up security to resume the pipeline's operation.

Since it began operating four decades ago, the 1,100-km (680-mile) pipeline, which transports crude from the jungle to the Pacific coast, has suffered dozens of attacks from remote communities demanding greater social investment.

Conflicts around companies that exploit natural resources have increased under the leftist government of President Pedro Castillo, who won on a promise of bringing economic benefits to Peru's poorest.
Reporting by Marco Aquino; Writing by Kylie Madry; Editing by William Mallard

Disclaimer: The XM Group entities provide execution-only service and access to our Online Trading Facility, permitting a person to view and/or use the content available on or via the website, is not intended to change or expand on this, nor does it change or expand on this. Such access and use are always subject to: (i) Terms and Conditions; (ii) Risk Warnings; and (iii) Full Disclaimer. Such content is therefore provided as no more than general information. Particularly, please be aware that the contents of our Online Trading Facility are neither a solicitation, nor an offer to enter any transactions on the financial markets. Trading on any financial market involves a significant level of risk to your capital.

All material published on our Online Trading Facility is intended for educational/informational purposes only, and does not contain – nor should it be considered as containing – financial, investment tax or trading advice and recommendations; or a record of our trading prices; or an offer of, or solicitation for, a transaction in any financial instruments; or unsolicited financial promotions to you.

Any third-party content, as well as content prepared by XM, such as: opinions, news, research, analyses, prices and other information or links to third-party sites contained on this website are provided on an “as-is” basis, as general market commentary, and do not constitute investment advice. To the extent that any content is construed as investment research, you must note and accept that the content was not intended to and has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such, it would be considered as marketing communication under the relevant laws and regulations. Please ensure that you have read and understood our Notification on Non-Independent Investment. Research and Risk Warning concerning the foregoing information, which can be accessed here.

We are using cookies to give you the best experience on our website. Read more or change your cookie settings.

Risk Warning: Your capital is at risk. Leveraged products may not be suitable for everyone. Please consider our Risk Disclosure.