Market Size of Peru Oil and Gas Downstream Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2020 - 2022 |
| CAGR | > 1.61 % |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Peru Oil & Gas Downstream Market Analysis
The oil and gas downstream market in Peru is porjected to register a CAGR of more than 1.61% during the forecast period of 2020-2025. Factors, such as increasing oil and gas production and the government's push to invest in the refineries, are expected to boost the dgrowth of the oil and gas downstream market in Peru during the forecast period. However, the country faces a lot of supply-related issues, which must be fixed for steady growth in the sector.
- The oil refining capacity is expected to witness growth due to expansion in the existing refineries and government's focus towards increasing the oil and gas infrastructure.
- Peru has approximately 12.4 trillion cubic feet (Tcf) of gas reserves, which account for 0.2% of the total share of gas reserves in the world. Large scale production may become an opportunity for downstream companies, as the refineries may be utilized to the maximum.
- The oil and gas downstream industry in Peru is expected to witness growth due to an increase in the consumption of oil and gas in the country. Increase in the investment is also expected to amplify the growth in the sector.
