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Perupetro looks to Asian companies for partners

Nov 07, 2019
Credit : GMI Post


Peru’s history as an oil producer goes back to the late 19th century, when it drilled its first well in the north of the country more than 150 years ago. Peru has significant hydrocarbon potential areas for development, specifically in Marañon, Ucayali and offshore basins.

PeruPetro remains committed to the sustainable development of its oil reserves.

Because of Peru’s great potential in oil and natural gas, the country formed Perupetro in the early ‘90s in order to sustainably manage this valuable resource and attract outside investment for its exploration activities and oversee third-party contractors.

“Peru has enormous potential. We have 18 hydrocarbon basins and only five are under development. We understand that the challenge is not underground but on the surface; that’s why Perupetro seeks the sustainable development of communities, respect for the environment and the harmonious coexistence with other activities, such as fishery and agriculture,” CEO Daniel Hokama said.

Embracing the Japanese concept of isshokenmei — devotion to the proper completion of a task — Perupetro has spent more than 25 years paving the way for the sustainable development of the country’s energy sector and infrastructure by securing foreign investment.

“We have a competitive legal framework and amazing natural resources. There are so many opportunities to develop here, especially offshore. We welcome new partners from Asia. Their knowledge and prowess in technology could make the difference in helping our hydrocarbon sector grow to achieve its fullest potential in the years to come,” Hokama said.


Article Tags: Peru, Perupetro, Oil, Energy

Peruvian-Japanese Association: 120 years of friendship

Nov 07, 2019
Credit : GMI Post


Established in 1917, the Asociacion Peruano-Japonesa (APJ) or Peruvian-Japanese Association promotes cultural and educational exchanges between Peru and Japan, which have a shared history that goes back to the arrival of the first Japanese immigrants in the late 1890s.

APJ President Abel Fukumoto

Headed by President Abel Fukumoto, APJ continues to strengthen this relationship through activities, such as festivals, exhibitions, workshops, publications, concerts and other cultural events, held in the capital Lima.

This year, APJ celebrated the 120th anniversary of the arrival of the first Japanese immigrants to Peru, whose highlight was a visit to the country by Japan’s Princess Mako in July.

“Beyond being a celebration, we want the event to convey the contribution of the Peruvian-Japanese community to the country,” Fukumoto said.

Among the main thrusts of the APJ is to promote Nikkei identity, value Peruvian citizenship, and support individuals in the community, which includes not only Nikkei in Peru, but also Nikkei in Japan and other countries.

With more than 1,000 employees overseeing day-to-day operations, APJ regularly recognizes Peruvians of Japanese descent who have made valuable contributions to the country’s development.

“Our first priority is highlighting the image of the Nikkei community through its service in the fields of culture, education, welfare and social support services and health. The work of each individual Nikkei in our community is part of this effort. Wherever they may be, they must help preserve this image,” he said.

APJ has also established cultural, scientific and technological exchange programs between Peru and Japan.

“Our message is that we are grateful for our ancestry and our country. History has shown us that with the right attitude and offering, you will succeed,” he said.


Inca Tops: Committed to sustainable fashion

Nov 07, 2019
Credit : GMI Post


Inca Tops is making another kind of statement through its program to revive the black alpaca as a source for its yarns.

Inca Tops is making another kind of statement through its program to revive the black alpaca as a source for its yarns.

Already renowned around the world for its rich tradition, Peru’s textile industry is experiencing a renaissance as a cultural icon and as a sustainable, fashionable material. Inca Tops, which has been in business for more than 50 years, is making a name around the world for its high quality industrial and knitting yarn.

To achieve long-term growth, CEO Roberto Fioretto wants to focus the company’s efforts on sustainability and traceability, while improving operations and modernizing in-house technology.

“We are focused on buying directly from producers. We want to obtain what the final consumer wants to know, which is where the product comes from,” he said.

Inca Tops is spearheading innovation with the revival of the black alpaca through its Yanapaco program. The project aims to breed pure black alpacas, which have become rare because of a high demand for pure white wool. Today, the Pacomarca farm has the world’s largest black alpaca population and provides 100 percent natural and undyed black yarns.

Across the Pacific, alpaca wool is growing more popular in Japan, where Inca Tops has had business ties over the last 35 years. Having caught the interest of innovative Japanese designers, Inca Tops, together with AMAX, unveiled its Fall–Winter 2019-20 collection and Hand Knitting 2019-20 collection in Tokyo, Japan.

“Every year, we go to Japan with new products, colors and textures. Ever since the beginning, the Japanese market has valued sustainability and traceability, which is now the only way to move forward in this world,” said Fioretto.


Peru 2019 was prepared for and originally printed in The Japan Times Newspaper.

PDF of the printed report

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