reporte estadístico mineroenergético 1er semestre 2008/inglés - fecha de publicación: noviembre...

PERU: MINING & ENERGY STATISTICAL REPORT

FIRST SEMESTER 2008

The mining, hydrocarbons and electrical sector play a transcendental roll in the

economic growth and social development of Peru; under this context the Sociedad

Nacional de Minería, Petróleo y Energía (SNMPE) has elaborated the “PERU: Mining

& Energy Statistical Report”, which contains the official information of the perfor-

mance obtained by these productive activities during the first semester of 2008.

The “PERU: Mining & Energy Statistical Report” describes the evolution of each

sector: mining, whose effort is reflected in a better mineral production; hydrocar-

bons, where it emphasizes the major level of natural gas production, as well as the

increase of the exploratory activity; and electrical, that works intensely to assume

the challenges that sustained the growth of the country.

The SNMPE gives this new edition of PERU: Mining & Energy Statistical Report, with

the intention that the public opinion knows the development of the Mining &

Energy sector and its real contribution with the present and future of Peru.

PERU:ECONOMICINDICATORS

II

3

GDP

GDP Growth Rate(percentage change)

-2.0%

0.0%

2.0%

4.0%

6.0%

8.0%

10.0%

Serie1 -0.4% 1.4% 3.6% 0.2% 5.2% 4.00% 4.80% 6.70% 8.03% 8.99% 8.00%

1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008*

*Central Reserve Bank of Peru Forecast Source: INEI

Agriculture & livestock7.60%

Fishing0.72%

Manufacturing15.98%

Construction5.58%

Commerce14.57%

Water0.41%

Other services39.25%

Taxes9.74%

Mining 3.71%

Oil0.96%

Electricity1.49%Mining & Energy

Sector6%

Participation of the Energy and Mining Sector in the National GDP, 2008

Source: INEI

4

INFLATION

Inflation(percentage change)

0.00

1.00

2.00

3.00

4.00

5.00

6.00

7.00

8.00

Serie1 6.01 3.70 3.73 -0.13 1.52 2.48 3.48 1.49 1.14 3.93 5.39

1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008*

*Central Reserve Bank of Peru Forecast Source: INEI

Rate of Inflation accumulated over the last 12 months,(percentage change)

-1.0

0.0

1.0

2.0

3.0

4.0

5.0

6.0

7.0

Source: INEI

5

EXTERNAL SECTOR

1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008*

Series1 9,184 8,404 8,180 8,613 9,598 10,194 12,631 14,097 17,275 27,689 35,518

0

5,000

10,000

15,000

20,000

25,000

30,000

35,000

40,000

Net International Reserves, 1998-2008(Millions of US$ )

* Data 2008 corresponds to first semester Source: Central Reserve Bank of Peru

0

100

200

300

400

500

600

700

800

900

Jan‐99

Apr‐99

Jul‐9

9

Oct‐99

Jan‐00

Apr‐00

Jul‐0

0

Oct‐00

Jan‐01

Apr‐01

Jul‐0

1

Oct‐01

Jan‐02

Apr‐02

Jul‐0

2

Oct‐02

Jan‐03

Apr‐03

Jul‐0

3

Oct‐03

Jan‐04

Apr‐04

Jul‐0

4

Oct‐04

Jan‐05

Apr‐05

Jul‐0

5

Oct‐05

Jan‐06

Apr‐06

Jul‐0

6

Oct‐06

Jan‐07

Apr‐ 07

Jul‐0

7

Oct‐07

Jan‐08

Apr‐08

(Basic Score)

PDI Stipped Spread Country Risk,1999‐2008

Jul ‐08

Source: Central Reserve Bank of Peru Data 2008 corresponds to first semester

6

TRADE BALANCE

1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008*

Exports 5,757 6,088 6,955 7,026 7,714 9,091 12,809 17,368 23,800 27,956 33,407

Imports 8,219 6,710 7,358 7,204 7,393 8,205 9,805 12,082 14,866 19,599 27,055

0

5,000

10,000

15,000

20,000

25,000

30,000

35,000

40,000

Trade Balance(Millions of US$)

*Central Reserve Bank of Peru Forecast Source: Central Reserve Bank of Peru

Source: Central Reserve Bank of Peru

Mining61.1%

Fishery 5.5%

Agriculture0.9%

Oil9.4%

Others23.1%

Exports 2008 - First Semester (Structure)

PERU:MININGSECTOR

III

8

PRODUCTION

Metal Mining Production, 1998 - 2008

(Units of fine content)

Year COPPER (MT)

LEAD (MT)

ZINC (MT)

SILVER (Kg)

GOLD (Kg)

IRON (MT)

TIN (MT)

1998 483,338 257,713 868,757 2,024,570 94,214 3,230,431 25,7471999 536,387 271,782 899,524 2,231,390 128,486 2,672,630 30,6182000 553,924 270,576 910,303 2,437,706 132,585 2,645,991 37,4102001 722,035 289,546 1,056,629 2,673,834 138,022 3,038,401 38,1822002 843,213 297,704 1,221,830 2,686,563 157,013 3,056,055 38,8152003 842,578 308,874 1,372,790 2,920,922 172,619 3,484,900 40,2022004 1,035,574 306,211 1,209,006 3,059,829 173,219 4,247,174 41,6132005 1,009,898 319,345 1,201,671 3,193,146 207,822 4,564,898 42,1452006 1,048,897 313,325 1,201,794 3,470,725 203,286 4,784,601 38,4702007 1,190,281 329,154 1,444,354 3,493,909 170,127 5,103,597 39,019

I Sem 2008 607,168 165,698 782,033 1,739,450 86,860 2,756,948 19,520Estimate 2008 1,250,000 335,000 1,500,000 3,500,000 171,000 5,200,000 39,050

Source: Ministry of Energy and Mines of Peru Estimated by SNMPE

Percentage changes

COPPER (MT)

LEAD (MT)

ZINC (MT)

SILVER (Kg)

GOLD (Kg)

IRON (MT)

TIN (MT)

I Sem 2008/ I Sem 2007 9.6% 3.4% 7.1% 5.5% 7.3% 6.6% 15.3%

9

COMMODITY PRICES

COPPER LEAD ZINC SILVER GOLD TIN Year LME LME LME Handy & Harman Final London LME

US$/MT US$/MT US$/MT US$/Troy Oz. US$/Troy Oz. US$/MT1998 1,652.88 528.42 1,023.26 5.53 294.07 6,540.581999 1,573.66 502.24 1,077.32 5.25 278.57 5,400.872000 1,814.26 454.22 1,128.11 5.00 279.10 5,434.762001 1,577.77 476.00 886.27 4.39 271.04 4,483.252002 1,557.50 452.58 778.56 4.62 309.68 4,061.692003 1,779.87 515.66 828.39 4.91 363.32 4,896.262004 2,865.89 886.47 1,047.75 6.68 409.21 8,512.732005 3,678.70 976.46 1,379.79 7.33 445.10 7,152.832006 6,730.60 1,287.49 3,272.62 11.58 603.77 8,620.112007 7,118.27 2,579.85 3,243.86 13.41 697.15 14,382.13

I Sem 2008 8,117.57 2,600.84 2,270.68 17.43 911.36 20,197.57

Source: London Metal Exchange, Handy & Hartman, London Bullion Market AssociationAnnual Averages

Percentage changes COPPER LEAD ZINC SILVER GOLD TIN

I Sem 2008 / I Sem 2007 19.6% 31.3% -36.2% 30.6% 38.2% 50.5%

10

EXTERNAL SECTOR

Year COPPER LEAD ZINC SILVER IRON GOLD TIN OTHERS TOTAL

1998 778.8 208.7 445.2 130.6 96.4 928.5 118.6 39.9 2,746.71999 776.3 177.1 462.4 169.3 66.7 1,192.5 132.9 30.8 3,008.02000 932.6 190.4 495.8 179.5 66.6 1,144.7 166.3 40.4 3,216.22001 985.9 196.0 419.4 168.6 81.4 1,166.2 130.3 38.8 3,186.52002 1,187.1 210.8 428.9 173.7 82.9 1,478.8 102.8 69.4 3,734.42003 1,260.5 201.3 528.7 191.0 94.1 2,044.7 151.4 101.5 4,573.32004 2,446.0 389.1 576.8 260.2 128.4 2,383.1 350.7 418.8 6,953.12005 3,360.3 491.4 805.1 280.6 216.1 3,165.5 269.8 1,170.7 9,759.52006 6,034.4 712.6 1,991.3 478.6 256.0 4,048.3 332.1 862.4 14,715.72007 7,240.9 1,033.0 2,532.8 537.5 285.4 4,024.6 252.5 1,009.3 16,915.9

I Sem 2008 4,170.5 615.8 841.5 328.5 166.5 2,804.3 333.9 635.0 9,895.9Source: Central Reserve Bank of Peru

Percentage changes COPPER LEAD ZINC SILVER IRON GOLD TIN OTHERS TOTAL

I Sem 2008 / I Sem 2007 38.8% 33.3% -38.0% 25.8% 25.2% 50.4% 39.1% 63.7% 28.7%

Source: Central Reserve Bank of Peru

Exportation by Main Products(Millions of US$)

Copper42.2%

Lead6.2%

Zinc8.5%

Silver 3.3%

Iron1.7%

Gold28.1%

Tin3.6%

Others6.4%

Mining ExportsFirst Semester 2008

11

COPPER (PERU: 3º worldwide producer

7.62% of the worldwide production)

Metal Mining Production, 1998 - 2008* (MT)

0200,000400,000600,000800,000

1,000,0001,200,0001,400,000

1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008*

Source: Ministry of Energy and Mines of Peru * Data estimate by SNMPE

Copper Prices(US$ per MT)

1,0002,0003,0004,0005,0006,0007,0008,0009,000

1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008

Source: London Metal Bulletin Data 2008 corresponds to first semester

Stocks LME (MT)

40,000140,000240,000340,000440,000540,000640,000740,000840,000

1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008

Source: London Metal Bulletin Data 2008 is at June 30

12

COPPER

Peru: Main Producer Companies, First Semester 2008

Xs trata Tintaya8%

Others9%

Cerro Verde26%

Antamina29%

S outhern28%

* Production data corresponds to concentration and hydrometallurgical process. Source: Ministry of Energy and Mines of Peru

13

LEAD (PERU: 4º worldwide producer



150,000175,000200,000225,000250,000275,000300,000325,000350,000

1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008*

Source: Ministry of Energy and Mines of Peru *Data estimate by SNMPE

Lead Prices(US$ per MT )

300600900

1,2001,5001,8002,1002,4002,700

1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008


Stocks LME(MT)

20,00045,00070,00095,000

120,000145,000170,000195,000

1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008


14

LEAD

Peru: Main Producer CompaniesFirst Semester 2008

Atacocha3%

Volcan 26%

El Brocal10%

Quenuales7%

Chungar8%

Milpo6%

Others40%

*Production data corresponds to concentration process. Source: Ministry of Energy and Mines of Peru

15

ZINC (PERU: 3º worldwide producer



0200,000400,000600,000800,000

1,000,0001,200,0001,400,0001,600,000

1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008*


Zinc Prices(US$ per MT)

750

1,250

1,750

2,250

2,750

3,250

3,750

1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008


Stocks LME (MT)

0100,000200,000300,000400,000500,000600,000700,000800,000

1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008


16

ZINC


Antamina24%

Volcan17%

Quenuales13%

Milpo8%

El Brocal6%

Others32%

*Production data corresponds to concentration process. Source: Ministry of Energy and Mines of Peru

17

GOLD

(PERU: 5º worldwide producer 6.80% of the worldwide production)

Metal Mining Production, 1998 - 2008*(kilograms)

025,00050,00075,000

100,000125,000150,000175,000200,000225,000

1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008*


Gold Prices(US$ per Troy Oz.)

200300400500600700800900

1,000

1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008


18

GOLD

* Production data corresponds to processes of concentration and hydrometallurgical process. Source: Ministry of Energy and Mines of Peru

Peru: Main Producers Companies, First Semester 2008

Horizonte3%

Madre de Dios9%

Yanacocha34%

Barrick26%

Buenaventura6%

Ares2%

Retamas3%

Santa Rosa 3%

Aruntani6%

Others8%

19

SILVER


Metal Mining Production, 1998 - 2008*

(kilograms)

500,000

1,000,000

1,500,000

2,000,000

2,500,000

3,000,000

3,500,000

4,000,000

1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008*


Silver Prices(US$ per Troy Oz.)

4.006.008.00

10.0012.0014.0016.0018.0020.00

1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008


20

SILVER


Volcan14.0%Buenaventura

11.3%

Antamina11.4%

Ares10.0%

Others31.5%

El Brocal4.4% Quenuales

4.0%

Pan American4.6%

Yanacocha2.3%

Southern6.5%

* Production data corresponds to concentration and hydrometallurgical process. Source: Ministry of Energy and Mines of Peru

21

IRON




0 1,000,000 2,000,000 3,000,000 4,000,000 5,000,000 6,000,000

1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008*

Metal Mining Production, 1998 - 2008* (LT)

0 10

20

30

40

50

60

1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008

Iron Prices(US$ per LT)

22

TIN (PERU: 3º worldwide producer



0

5,000

10,000

15,000

20,000

25,000

1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008

TIN Prices(US$ per MT)


05,000

10,000 15,000 20,000 25,000 30,000 35,000 40,000 45,000

1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008*


23

CANON, STANDING FEE AND PETITIONS Mining Canon (1998-2008)

(Thousands of Soles)

Year Canon Generated Canon Transferred1998 52,684 169,4281999 68,665 86,5142000 90,288 55,3612001 168,537 81,2782002 369,606 116,2442003 532,000 285,8252004 1,158,500 451,2892005 2,166,293 898,9552006 4,254,379 1,746,3792007 4,435,674 5,156,6322008 n.d. 4,435,674

Note: the mining canon generated by the 2006 and 2007 was transferred in a single quota in June of 2007 and 2008, respectively. The usual distribution in in 12 equal quotas, from June of the following year of the generation of the Canon.Source: Ministry of Economy and Finance of Peru

Distribution of the Standing Fee, 1998-2008*(thousands of US$)

Year Province District ExtremePoverty INGEMMET INACC MEM Gob.

Regionales Total 1998 4,023.78 4,127.72 0.00 6,071.14 3,035.57 3,035.57 0.00 20,293.781999 3,641.16 3,676.77 0.00 5,436.21 2,718.10 2,718.10 0.00 18,190.352000 3,613.86 3,624.08 0.00 5,359.75 2,679.87 2,679.87 0.00 17,957.432001 3,724.53 4,501.75 6,338.08 1,872.47 1,904.21 942.08 0.00 19,283.112002 4,433.19 4,467.60 7,844.69 2,201.53 2,219.00 1,096.38 0.00 22,262.382003 4,738.70 4,761.43 8,361.90 2,314.49 2,347.75 1,157.25 0.00 23,681.532004 4,425.21 7,606.50 7,815.82 2,624.79 2,636.28 1,312.39 0.00 26,420.992005 0.00 15,917.41 0.00 2,099.02 2,102.23 1,049.42 0.00 21,168.082006 0.00 27,615.17 0.00 3,691.49 3,695.08 1,845.75 0.00 36,847.492007 0.00 30,073.98 0.00 6,986.15 1,023.48 2,001.75 0.00 40,085.372008* 0.00 32,043.49 0.00 8,319.40 0.00 2,069.97 163.32 42,596.18

TOTAL 28,600.43 138,415.90 30,360.49 46,976.43 24,361.58 19,908.54 163.32 288,786.68Source: Geology Institute of Mining and Metallurgy (*)Data 2008 corresponds to first semester

Request Petitions per Year, 1998-2008*

Year Quantity Hectares1998 3,119 1,677,1811999 3,166 1,774,9132000 2,844 1,488,0122001 1,687 716,6382002 3,045 1,465,5202003 4,799 2,247,8882004 5,130 2,329,2522005 5,052 2,253,8702006 6,748 3,187,8802007 8,159 3,648,4972008* 5,488 2,560,411Total 49,237 23,350,062

Source: Geology Institute of Mining and Metallurgy(*)Data 2008 corresponds to first semester

24

EMPLOYMENT

1998 1999 2000 2001 2002 2003 2004 2005 2006 2007

Thousand HL 36 63 19 70 359 43 179 119 83 2057

0

500

1000

1500

2000

2500

Thousand hour/men lost annually by strikes in the mining sector

Source: INEI

Source: INEI Data correspond from January to May 2008

553.3

781.7

January ‐May 2007 January ‐May 2008

Thousands hour/men lost by strikes in the mining sector

PERU:HYDROCARBONS

SECTOR

IV

26

PRODUCTION

National Oil Production(Thousands of barrels per day)

60

70

80

90

100

110

120

115.6 102.9 99.2 97.1 96.9 91.4 94.1 111.3 115.6 113.9 108.2

1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008*

Source: Perupetro S.A. (*)Data 2008 corresponds to the average of the first semester

Source: Perupetro S.A. (*)Data 2008 corresponds to the average of the first semester

National Natural Gas Production1998 - 2008*

(Millions of cubic feet per day)

0.00 50.00

100.00 150.00 200.00 250.00 300.00 350.00

1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008*

Norwest Offshore Jungle

27

OIL

COMPANY PRODUCTION

Oil Production by company, First Semester 2008

Aguaytia Energy2.5%

Sapet2.6%

Petrobras13.0%

Petrotech 10.3% Pluspetrol Norte

35.8%

Pluspetrol Peru Corp

28.8%

Others7.0%

19,663.69 thousand barrels108.2 thousand of barrels per day

Source: Perupetro S.A.

28

NATURAL GAS

COMPANY PRODUCTION

Gas Production by company, First Semester 2008

Olympic0.4%

GMP1.6% Sapet

0.7% Pluspetrol77.0%

Petrobras3.4%

Petrotech 4.4%Aguaytia

12.6%

94,485 million cubic feet295.33 million of cubic feet per day


29

CANON


1998 1999 2000 2001 2002 2003 2004 2005 2006 2007

Cusco 0.0 0.0 0.0 0.0 0.0 0.0 87.1 316.0 396.6 465.9

Puerto Inca-Huánuco 0.3 0.2 0.2 0.5 0.4 0.4 0.4 0.5 0.8 0.8

Tumbes 14.9 20.5 31.4 25.7 25.1 28.4 34.5 50.8 64.8 70.3

Piura 59.7 81.8 125.7 102.7 100.6 113.4 138.1 203.1 259.3 281.1

Ucayali 18.1 37.2 61.8 52.6 61.4 68.1 74.5 94.5 104.1 107.8

Loreto 59.4 116.1 187.8 151.5 177.9 188.9 191.6 247.0 284.8 295.0

0100200300400500600700800900

1000110012001300

Hydrocarbons Canon(Millions of Nuevos Soles)


Hydrocarbons Canon by RegionFirst Semester 2008

Tumbes 6.5%

Puerto Inca- Huánuco

0.1% Piura26.0%

Ucayali8.4%

Loreto23.4%Cusco

35.5% Loreto

Ucayali

Piura

Tumbes

Puerto Inca-Huánuco Cusco

Transferred canon S/. 779 million

534.70

778.12

I Sem 2007 I Sem 2008

Hydrocarbos Canon(Millions of Nuevos Soles)

I Semester 2007 vs. I Semester 2008

30

CAMISEA


Royalties paid by Camisea (Block 88), 2004-2008 (Millions of US$)

0

50

100

150

200

250

II Sem -2004

I Sem -2005

II Sem -2005

I Sem -2006

II Sem -2006

I Sem -2007

II Sem -2007

I Sem -2008


Camisea´s Natural Gas Production 2007-2008(Millions of cubic feet)

0

5,000 10,000 15,000 20,000 25,000 30,000 35,000 40,000 45,000

Jul07l Aug07 Sep07 Oct07 Nov07 Dec07 Jan08 Feb08 Mar08 Apr08 May08 Jun08

31

SISMIC

Seismic in Exploration Areas, 1998-2008*2D (Km)

0

2,000

4,000

6,000

8,000

10,000

12,000

1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008*

Source: Perupetro S.A. (*)Data 2008 corresponds to first semester

Seismic in Exploration Areas, 1998-2008*3D (Km2)

0

200

400

600

800

1,000

1,200

1,400

1,600

1,800

1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008*


32

WELLS

10

65

45

3

5 5

89

4

0

2

4

6

8

10

12

1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008*

Num

ber o

f wel

ls

Explorations Wells (1998-2008*)


50

1531 32

1026 34

69 70

157

91

020406080

100120140160180

1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008*

Num

ber o

f Wel

ls

Developing Wells(1998-2008*)


33

EXTERNAL SECTOR

-1,026

-754

-1,202

-1,465 -1,600

-1,400

-1,200

-1,000

-800

-600

-400

-200

-

1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007

Hydrocarbons Trade Balance (1997 - 2007)(Millions of US$)

Source: Ministry of Energy and Mines of Peru


I Sem 2007 I Sem 2008 Var % EXPORTS Crude Oil 283,221.36 303,801.02 7.3% GLP 21.24 575.97 2611.7% Gasolines 282,901.46 473,160.92 67.3% Medium Destilled

Keroturbo 118,853.93 226,905.32 90.9% Diesel 12,162.72 12,990.63 6.8%

Residues Residual 6 21,125.86 163,699.91 674.9%

Others 111054.55 310508.56 179.6% TOTAL 829,341.12 1,491,642.33 79.9%

IMPORTS Crude Oil 1,106,400.32 2,019,339.50 82.5% Gasolines 30,229.04 57,452.44 90.1% Medium Destilled

Keroturbo 517.41 856.27 100.0% Diesel 237,105.22 652,194.83 175.1% Cut Material 17,020.44 46,097.97 170.8%

GLP 54,467.57 79,324.60 45.6% Others 23,517.05 79,234.45 236.9% TOTAL 1,469,257.05 2,934,500.06 99.7%

BALANCE (639,915.93) (1,442,857.73) -125.5%

US$ Thousands

Hydrocarbons Trade Balance

34

CONSUMPTION

Internal Oil Consumption(Thousands of barrels per day)

100

110

120

130

140

150

160

149 155 148 144 140 135 145 136 134 139 144

1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008*

Source: Ministry of Energy and Mines of Peru (*)Data 2008 corresponds to the average of the first semester

Refinery Production, 1998 - 2008*(Thousands of barrels per day)

0.0

20.0

40.0

60.0

80.0

100.0

120.0

140.0

160.0

180.0

200.0

Talara 57.0 61.1 60.7 62.6 58.4 57.0 64.0 67.0 62.6 62.6 65.5

Pampilla 91.0 71.7 68.3 76.5 78.1 78.2 70.9 81.6 77.4 85.0 84.6

Conchán 10.4 11.1 12.6 12.1 8.9 11.0 13.3 13.3 11.8 11.5 10.6

Iquitos 7.5 5.4 6.0 7.9 9.2 8.0 8.9 9.7 8.8 9.2 9.6

El M ilagro 1.7 1.6 1.6 1.9 1.8 1.8 1.9 2.0 1.7 1.8 1.6

Pucallpa 1.9 3.0 3.1 3.0 3.2 3.0 2.9 3.0 2.8 2.5 2.3

TOTAL 157.8 169.6 153.9 152.3 163.9 159.5 159.0 162.0 176.6 165.1 172.6

1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008*

Source: Ministry of Energy and Mines of Peru (*)Data 2008 corresponds to the average of the first semester

35

PRICES

10.0

25.0

40.0

55.0

70.0

85.0

100.0

115.0

130.0

1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008*

Crude Oil: West Texas Intermediate(US$ per barrel(1998-2008*)

Source: Central Bank of Peru. Data corresponds to first semester 2008

Natural Gas: Henry Hub (US$ per million of BTU)

0.00

2.00

4.00

6.00

8.00

10.00

12.00

14.00

Jun-00 Dic-00 Jun-01 Dic-01 Jun-02 Dic-02 Jun-03 Dic-03 Jun-04 Dic-04 Jun-05 Dic-05 Jun-06 Dic-06 Jun-07 Dic-07 Jun-08 Source: EIA. Data corresponds to first semester 2008

36

Domestic fuels prices evolution(US$ per gallon)

0.40

0.90

1.40

1.90

2.40

2.90

3.40

3.90

4.40

4.90

5.40

5.90

Jan-02 Jul-02 Jan-03 Jul-03 Jan-04 Jul-04 Jan-05 Jul-05 Jan-06 Jul-06 Jan-07 Jul-07 Jan-08

90 Oct 95 Oct Diesel 2 Kerosene GLP

Source: Ministry of Energy and Mines of Peru Data corresponds to first semester 2008

First Semester 2008

Region Supply Plants Carriers Direct Consumers Retail Distributors

Gas Stations and Services

Stations

Gas Stations and Services

Stations

Variation (number)

Amazonas 1 18 8 1 50 49 1Ancash 1 158 102 11 95 88 7Apurimac - 23 6 - 40 39 1Arequipa 2 619 122 18 287 286 1Ayacucho - 42 16 - 82 81 1Cajamarca - 148 49 5 96 92 4Cusco 2 563 34 9 207 200 7Huancavelica - 10 14 - 9 9 0Huánuco - 50 7 2 53 51 2Ica 2 140 67 4 112 112 0Junin - 171 40 1 195 193 2La Libertad 3 390 115 9 160 157 3Lambayeque 2 223 45 19 119 118 1Lima 18 1,713 721 247 1,130 1,140 -10Loreto 3 124 57 - 106 101 5Madre de Dios - 5 30 - 66 64 2Moquegua 1 117 24 1 31 30 1Pasco 1 36 10 6 50 54 -4Piura 4 193 100 20 121 118 3Puno 2 88 16 7 319 325 -6San Martin 2 89 16 2 103 99 4Tacna 1 64 10 13 51 51 0Tumbes - 8 15 - 13 14 -1Ucayali 2 68 37 - 73 71 2TOTAL 47 5,060 1,661 375 3,568 3,542 26

2007Retail stations of liquids fuels


PERU:ENERGYSECTOR

V

38

EXISTING GENERATING CAPACITY AND PRODUCTION


Electricity Production (GWh)First Semesters 2001 - 2008

0

3000

6000

9000

12000

15000

18000

I Sem 2001 I Sem 2002 I Sem 2003 I Sem 2004 I Sem 2005 I Sem 2006 I Sem 2007 I Sem 2008


0

1,000

2,000

3,000

4,000

5,000

6,000

7,000

8,000

1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007

Existing Generating Capacity, by source1997-2007 (MW)

Termal Hydraulic

39

PRODUCTION



Electricity Production by company (GWh)First Semester 2008

0

1000

2000

3000

4000

5000

Edegel Electroperú Energía delSur Others Egenor Egasa Termoselva San Gabán Electro

Andes

Electricity Production by company,First Semester 2008

Edegel23.20%

Electroperú27.67%Energía del sur

8.83%

Duke Energy14.31%

Electroandes3.51%

Others22.48%

40

GENERATION

National Interconnected System Production, by source2008

Hydraulic67%Thermal

33%

Source: Ministry of Energy and Mines of Peru Data of 2008 corresponds to first semester

Isolated Electrical System Production, by source 2008

Hydraulic28%

Thermal72%

Source: Ministry of Energy and Mines of Peru Data of 2008 corresponds to first semester

41

COVERAGE AND LOSSES

64.0%

66.0%

68.0%

70.0%

72.0%

74.0%

76.0%

78.0%

80.0%

82.0%

0.00.51.01.52.02.53.03.54.04.55.0

1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008

Electricity sector coverage

N° Clients (Millions)

Electrification Coefficient

Source: OSINERGMIN Data of 2008 corresponds to the average of the first semester

Source: OSINERGMIN Data of 2008 corresponds to the average of the first semester

1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008*

Series1 12.4% 11.3% 10.4% 9.7% 9.1% 9.1% 8.7% 8.4% 8.0% 8.2% 8.0%

7.00% 8.00% 9.00%

10.00% 11.00% 12.00% 13.00% 14.00% 15.00%

Electricity losses in Distribution Systems(Average)

42

DISTRIBUTION AND DEMAND

Electricity sales to final free and regulated clients (GWh)First Semesters 2001 - 2008

0

2000

4000

6000

8000

10000

12000

14000

I Sem 2001 I Sem 2002 I Sem 2003 I Sem 2004 I Sem 2005 I Sem 2006 I Sem 2007 I Sem 2008



Peak Electricity Demand (MW)

First Semesters 2003 - 2008

1000

1500

2000

2500

3000

3500

4000

4500

I Sem 2003 I Sem 2004 I Sem 2005 I Sem 2006 I Sem 2007 I Sem 2008

43

PRICES

0.000

20.000

40.000

60.000

80.000

100.000

120.000

140.000

160.000

180.000

Jan-

00

Apr

-00

Jul-0

0

Oct

-00

Jan-

01

Apr

-01

Jul-0

1

Oct

-01

Jan-

02

Apr

-02

Jul-0

2

Oct

-02

Jan-

03

Apr

-03

Jul-0

3

Oct

-03

Jan-

04

Apr

-04

Jul-0

4

Oct

-04

Jan-

05

Abr

il

Jul-0

5

Oct

-05

Jan-

06

Apr

-06

Jul-0

6

Oct

-06

Jan-

07

Apr

-07

Jul-0

7

Oct

-07

Jan-

08

Apr

-08

Regulated and Spot Electricity Prices(US$ per KWh)

Regulated Prices Spot Prices

Source: OSINERGMIN

reporte estadístico mineroenergético 1er semestre 2008/inglés - fecha de publicación: noviembre...

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