stated that the government is seeking to attract large companies from the global hydrocarbons sector to invest in exploration projects and increase gas reserves in Peru.
"When we begin the exploration programs, hopefully very soon, since we are coordinating with countries in the Persian Gulf; we could continue announcing increases in reserves, deposits, and resources next year, probably, with a bit of luck," Montero told TV Peru.
"The important thing is to bring to Peru the 'big players' in oil and gas, like Repsol (Spanish capital) or Aramco (Saudi Arabia), which just bought the Primax gas station network, so that we can truly trust in the work and fulfillment of investments," he added.
The government official expressed hope that the Peruvian Government's international public tenders will be addressed, reviewed, and considered intelligently and with interest by private national and foreign companies, or in consortiums.
"That companies can tell us: we are interested in this business, and here is our winning proposal. The important thing is to have 'major players' in Peru," Montero stated.
"We are already quite concerned about 'small players' who end up failing and leaving us only problems. We want large and solvent companies because we are offering major business opportunities for important companies," he added.
The Cabinet member reiterated the announcement that Lot 58 will begin production in the first quarter of 2026, which will increase the available natural gas reserves in Cusco region by 30%.
The minister emphasized that investment will always be welcome in Peru because it brings capital, adds value to resources, creates jobs, pays taxes, and activates social and corporate responsibilities.
"That is the way and the mechanism the world —not just Peru— uses to develop," Montero remarked
"Even countries like China and others also use market mechanisms and private investment to activate their businesses," he concluded.
(END) CNA/JJN/JMP/MVB