Will Peru’s Crisis-Torn Oil Industry Ever Recover?

Peru’s oil industry has been under considerable pressure for some time. A combination of long-running political turmoil, community dissent and the pandemic are weighing heavily on the outlook for the Andean country’s hydrocarbon sector. Socialist Pedro Castillo’s victory in Peru’s controversial 2021 presidential election, where he defeated contentious hard-right opponent Keiko Fujimori, daughter of jailed former president Alberto Fujimori, sparked considerable fear about the oil industry’s future. Castillo during his…