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Economy / Peru

Amazon Tribes Threaten Hunt Oil

November 2009 | Risk Summary

Peruvian Amazon tribes are pressuring US independent Hunt Oil to abandon its exploration programme in the south of the country. The fierce and well-organised opposition of indigenous groups to drilling on their communal reservations underlines the risk faced by foreign oil companies operating in the Peruvian jungle regions. Several tribes from the Amarakaeri Communal Reserve have threatened to forcibly remove Hunt employees from their camp near the town of Salvación if the company goes ahead with works on their land. The situation highlights the escalating political risk in Peru, and may see a ratings downgrade if violence erupts.

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