Peru minister touts Saudi mining interest and Chevron offshore potential-March 2024-www.financetom.com

Peru minister touts Saudi mining interest and Chevron offshore potential

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Peru minister touts Saudi mining interest and Chevron offshore potential

Oct 7, 2025 2:25 PM

SANTIAGO, Oct 7 (Reuters) - Peru's Minister of Energy

and Mines Jorge Luis Montero said on Tuesday he expects the

country to sign a Memorandum of Understanding (MOU) with Saudi

Arabia in November to develop lithium, copper and other

strategic mineral projects in the Andean nation.

In an interview with Reuters, Montero also said that

offshore oil lots being explored by Chevron ( CVX ) could reach

250,000 to 300,000 barrels per day or more.

He added that state oil firms Petroperu and

Petroecuador are expected to sign a separate MOU on October 24

to link their Amazonian oil lots and supply Peru's Talara

refinery with crude from Ecuador.

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