Tuesday, June 02, 2009

SK Group mulls investment of US$3 bln in Peru's petrochemicals sector

SK Group plans to invest US$3bn in Peru's petrochemicals sector, subject to winning the natural gas supply tender launched by Argentina oil firm Pluspetrol, which heads the Camisea consortium. If SK iis to go ahead with the project, it is estimated to be completed by 2015 and the additional added value is forecast to be US$13 bln a year, equivalent to 6% of Peru's GDP.

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