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126-426: Betim is home to a Petrobras 's oil refineries, as well as Fiat 's largest factory, which opened in 1976. The city has an important role not only in the state's economy, but in the whole country's as well. Betim is located on the southwest of Belo Horizonte IGR , with Rio Paraopeba flowing through its south. Its average elevation is 830 meters above the sea level. Betim has Humid Subtropical Climate (Cwa). It sees

252-439: A constitutional monarchy , a proposal that was turned down. De la Serna abandoned the city, and on 12 July 1821, San Martín occupied Lima and declared Peruvian independence on 28 July 1821. He created the first Peruvian flag. Upper Peru (present-day Bolivia) remained as a Spanish stronghold until the army of Simón Bolívar liberated it three years later. José de San Martín was declared Protector of Peru. Peruvian national identity

378-591: A joint venture with Nippon Alcohol Hanbai KK to sell Brazilian ethanol to Japan, called Brazil-Japan Ethanol. On 21 April 2006, the company started production on the P-50 oil platform in the Albacora East field at Campos Basin, which made Brazil self-sufficient in oil production. During the administration of the Workers' Party in the 2010s, Petrobras spent an estimated $ 40 billion subsidizing motor fuels, causing it to become

504-500: A $ 900 million deficit. The economic turbulence of the time acerbated social tensions in Peru and partly contributed to the rise of violent rebel rural insurgent movements, like Sendero Luminoso (Shining Path) and MRTA , which caused great havoc throughout the country. The Peruvian armed forces, frustrated with the inability of the García administration to handle the nation's crises, drafted

630-864: A 50% royalty interest. In 2007, Petrobras inaugurated the Petrobras 52 Oil Platform. The 52 is the biggest Brazilian oil platform and the third-biggest in the world. In 2007 and 2008, Petrobras made several major oil discoveries including the Tupi oil field (formerly known as the Lula oil field), the Jupiter field , and the Sugar Loaf field , all in the Santos Basin , 300 km off the coast of Rio de Janeiro . The oil fields were discovered by partnerships that include Petrobras, Royal Dutch Shell , and Galp Energia . However, estimates for

756-618: A US$ 70 billion share offering, the largest share offering in history, to be used to develop newly discovered oil fields. Giovanni Biscardi and Machado Meyer represented Petrobras. Biscardi brought his Brazilian corporate practice to Greenberg Traurig in January 2020. In 2012, Petrobras surrendered permits to explore offshore in New Zealand . Petrobras did not provide a reason but the New Zealand Prime Minister John Key said

882-704: A businessman and lobbyist, was allegedly the connection between major Brazilian construction firms and the government formed by the Workers’ Party (PT) and Brazilian Democratic Movement (PMDB). Between 2014 and February 2016, the Federal Public Prosecutor's Office (Portuguese: Ministério Público da União ) filed 37 criminal charges against 179 people, mostly politicians and businessmen. Former President Luiz Inácio Lula da Silva and then President Dilma Rousseff were also implicated. On 8 March 2016, Marcelo Odebrecht , CEO of Odebrecht and grandson of

1008-676: A depth of 1,877 metres (6,158 ft) below sea level. In 2002, Petrobras acquired the Argentine company Perez Companc Energía (PECOM Energía S.A.) from the Perez Companc Family Group and its family foundation for $ 1.18 billion. This acquisition included assets in Argentina , Brazil, Venezuela , Bolivia , Peru , and Ecuador , 1.1 billion barrels of crude oil reserves, and production of 181 thousand barrels of oil equivalent (1,110,000 GJ) per day. In 2005, Petrobras announced

1134-618: A high biodiversity with 21,462 species of plants and animals reported as of 2003, 5,855 of them endemic , and is one of the megadiverse countries. Peru has over 1,800 species of birds (120 endemic ), over 500 species of mammals , over 300 species of reptiles, and over 1,000 species of freshwater fishes . The hundreds of mammals include rare species like the puma , jaguar and spectacled bear . The Birds of Peru produce large amounts of guano , an economically important export. The Pacific holds large quantities of sea bass , flounder , anchovies , tuna , crustaceans , and shellfish , and

1260-460: A joint-venture with Murphy Oil. In 1961, Petrobras geologist Walter K. Link published Link's memorandum , which implied that the company was better off exploring offshore instead of onshore. In 1963, Petrobras discovered the Recôncavo Baiano and Carmópolis oil fields. The company's growth was halted by the 1973 oil crisis . The entire country was affected, and the "Brazilian miracle",

1386-524: A large diversity of climates. Elevations above sea level in the country range from −37 to 6,778 m (−121 to 22,238 ft) and precipitation ranges from less than 20 mm (0.79 in) annually in desert areas to more than 8,000 mm (310 in) in tropical rainforest areas. Due to its geography, Peru can be divide into three main climates. The unbroken and relatively slim coastal region has moderate temperatures, low precipitation, and high humidity, except for its warmer, wetter northern reaches. In

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1512-449: A lasting imprint on the country's governance that continues to present day. The 2000s marked economic expansion and poverty reduction, but the subsequent decade revealed long-existing sociopolitical vulnerabilities , exacerbated by a political crisis instigated by Congress and the COVID-19 pandemic , precipitating the period of unrest beginning in 2022 . The sovereign state of Peru

1638-569: A mix of cultures and ethnicities that did not exist before the Spanish conquered the Peruvian territory. Even though many of the Inca traditions were lost or diluted, new customs, traditions and knowledge were added, creating a rich mixed Peruvian culture. Two of the most important Indigenous rebellions against the Spanish were that of Juan Santos Atahualpa in 1742, and Rebellion of Túpac Amaru II in 1780 around

1764-588: A period when annual GDP growth exceeded 10%, ended. Petrobras nearly went bankrupt. In 1974, the company discovered an oil field in the Campos Basin . This discovery boosted its finances and helped it restructure nationwide. In 1975, the Brazilian Government temporarily allowed foreign operators into Brazil, and Petrobras signed exploration contracts with foreign companies for oilfields in Brazil. The company

1890-499: A powerful state which, in the span of a century, formed the largest empire in the pre-Columbian Americas with their capital in Cusco . The Incas of Cusco originally represented one of the small and relatively minor ethnic groups, the Quechuas . Gradually, as early as the thirteenth century, they began to expand and incorporate their neighbors. Inca expansion was slow until about the middle of

2016-566: A result of these and other changes, the Spaniards and their creole successors came to monopolize control over the land, seizing many of the best lands abandoned by the massive native depopulation. However, the Spanish did not resist the Portuguese expansion of Brazil across the meridian. The Treaty of Tordesillas was rendered meaningless between 1580 and 1640 while Spain controlled Portugal . The need to ease communication and trade with Spain led to

2142-399: A self-imposed exile, initially avoiding prosecution for human rights violations and corruption charges by the new Peruvian authorities. Peru tried to fight corruption while sustaining economic growth at the start of the 21st century, though Fujimorism held power over much of Peruvian society through maintaining control of institutions and legislation created in the 1993 constitution, which

2268-589: A wide diversity of expressions in fields such as art , cuisine , literature , and music . The name of the country may be derived from Birú , the name of a local ruler who lived near the Bay of San Miguel , Panama City, in the early 16th century. Spanish conquistadors , who arrived in 1522, believed this was the southernmost part of the New World . When Francisco Pizarro invaded the regions farther south, they came to be designated Birú or Perú . An alternative history

2394-600: Is a representative democratic republic divided into 25 regions . Its main economic activities include mining , manufacturing , agriculture and fishing, along with other growing sectors such as telecommunications and biotechnology . The country forms part of The Pacific Pumas , a political and economic grouping of countries along Latin America's Pacific coast that share common trends of positive growth, stable macroeconomic foundations, improved governance and an openness to global integration. Peru ranks high in social freedom ; it

2520-564: Is a country in western South America . It is bordered in the north by Ecuador and Colombia , in the east by Brazil , in the southeast by Bolivia , in the south by Chile , and in the south and west by the Pacific Ocean. Peru is a megadiverse country , with habitats ranging from the arid plains of the Pacific coastal region in the west, to the peaks of the Andes mountains extending from the north to

2646-758: Is also listed in the New York Stock Exchange in the form of American depositary receipts and in the Madrid Stock Exchange . Petrobras is a major supporter of the arts in Brazil. Operation Car Wash ( Portuguese : Operação Lava Jato ) was a criminal investigation by the Federal Police of Brazil 's Curitiba branch. Originally a money laundering investigation, it expanded to cover allegations of corruption at Petrobras, where executives allegedly accepted bribes in return for awarding contracts to construction firms at inflated prices. The aim of

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2772-792: Is an active member of the Asia-Pacific Economic Cooperation , the Pacific Alliance , the Comprehensive and Progressive Agreement for Trans-Pacific Partnership and the World Trade Organization ; and is considered as a middle power . Peru's population includes Mestizos , Amerindians , Europeans , Africans and Asians . The main spoken language is Spanish , although a significant number of Peruvians speak Quechuan languages , Aymara , or other Indigenous languages . This mixture of cultural traditions has resulted in

2898-510: Is home to many sharks, sperm whales , and whales. The invertebrate fauna is far less inventoried; at least beetles (Coleoptera) have been surveyed in the "Beetles of Peru" project, led by Caroline S. Chaboo, University of Nebraska, USA and this revealved more 12,000 documented and many new species for Peru. Peru also has an equally diverse flora . The coastal deserts produce little more than cacti , apart from hilly fog oases and river valleys that contain unique plant life. The Highlands above

3024-422: Is provided by the contemporary writer Inca Garcilaso de la Vega , son of an Inca princess and a conquistador. He said the name Birú was that of a common Amerindian who was happened upon by the crew of a ship on an exploratory mission for governor Pedro Arias Dávila and went on to relate more instances of misunderstandings due to the lack of a common language. The Spanish crown gave the name legal status with

3150-523: Is the selva (jungle), a wide expanse of flat terrain covered by the Amazon rainforest that extends east. Almost 60 percent of the country's area is located within this region. The country has fifty-four hydrographic basins, fifty-two of which are small coastal basins that discharge their waters into the Pacific Ocean. The final two are the endorheic basin of Lake Titicaca , and the Amazon basin, which empties into

3276-466: The auto-golpe ("self-coup") of 5 April 1992. He then revised the constitution, called new congressional elections, and implemented substantial economic reform, including privatization of numerous state-owned companies, creation of an investment-friendly climate, and sound management of the economy. Nonetheless, these policies did not benefit the poorest much, and inequality persisted despite Fujimori's economic achievements. Fujimori's administration

3402-464: The 2006 elections . In 2006, Alberto Fujimori's daughter, Keiko Fujimori , entered Peru's political arena to continue her father's legacy and espouse Fujimorism. In May 2008, Peru became a member of the Union of South American Nations . In April 2009, former president Alberto Fujimori was convicted of human rights violations and sentenced to 25 years in prison for his role in killings and kidnappings by

3528-772: The Abreu e Lima refinery in Ipojuca , Pernambuco , Brazil . The initial investment in the refinery is estimated at $ 18.5 billion, and the refinery will refine heavy crude oil from the Pre-Salt region. The company operates in six business areas, listed in order of revenue: Petrobras controls significant oil and energy assets in 16 countries in Africa, North America, South America, Europe, and Asia. However, Brazil represented 92% of Petrobras' worldwide production in 2014 and accounted for 97% of Petrobras' worldwide reserves on 31 December 2014, when

3654-510: The Ayacucho massacre and Juliaca massacre occurring at this time, resulting with the most violence experienced in the nation in over two decades. The strong response by the political elite in Lima raised concerns that they sought to establish an authoritarian or civilian-military government . Peru is located on the central western coast of South America facing the Pacific Ocean. It lies wholly in

3780-580: The Bolivian gas conflict , Bolivia's president Evo Morales announced the nationalization of all gas and oil fields in the country and ordered the occupation of all fields by the Bolivian Army . On 4 May 2006, Petrobras cancelled a major future investment plan in Bolivia as a result. The Bolivian government demanded an increase in royalty payments from foreign petroleum companies to 82%, but eventually settled for

3906-467: The Grupo Colina death squad during his government's battle against leftist guerrillas in the 1990s. During the presidencies of Ollanta Humala , Pedro Pablo Kuczynski and Martín Vizcarra , the right-wing Congress led by Keiko Fujimori obstructed much of the actions performed by the presidents. On 5 June 2011, Ollanta Humala was elected president, with his cabinet being successfully censured by

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4032-523: The Huaca Prieta settlement. Andean societies were based on agriculture, using techniques such as irrigation and terracing ; camelid husbandry and fishing were also important. Organization relied on reciprocity and redistribution because these societies had no notion of market or money. The oldest known complex society in Peru, the Caral/Norte Chico civilization , flourished along the coast of

4158-638: The International Petroleum Corporation (IPC), the North American company that exploited Peruvian oil, and then launched a reform of the state apparatus, an agrarian reform. It was the biggest agrarian reform ever undertaken in Latin America: it abolished the latifunda system and modernized agriculture through a more equitable redistribution of land (90% of the peasants formed cooperatives or agricultural societies of social interest). Land

4284-567: The Plan Verde , which involved the genocide of impoverished and indigenous Peruvians, the control or censorship of the media in Peru , and the establishment of a neoliberal economy controlled by a military junta . Alberto Fujimori assumed the presidency in 1990 and, according to the head of the National Intelligence Service (SIN) Rospigliosi, an understanding was established between Fujimori, Vladimiro Montesinos , and some of

4410-540: The Sapa Inca , to be the " child of the sun ." Atahualpa (or Atahuallpa), the last Sapa Inca , became emperor when he defeated and executed his older half-brother Huáscar in a civil war sparked by the death of their father, Inca Huayna Capac. In December 1532, a party of conquistadors (supported by the Chankas , Huancas , Cañaris and Chachapoyas as Indian auxiliaries ) led by Francisco Pizarro defeated and captured

4536-612: The Southern Cross Group . The transaction included the licensing of the Petrobras and Lubrax brands for 8 years. To operate the assets acquired from Petrobras in Chile, Southern Cross created Esmax, a company that acts as a Petrobras licensee in the fuel and lubricant distribution segments. In March 2019, the company concluded the sale of 100 percent of Petrobras Paraguay Distribución Limited (PPDL UK), Petrobras Paraguay Operaciones y Logística SRL (PPOL) and Petrobras Paraguay Gas SRL (PPG) to

4662-473: The Southern Hemisphere , its northernmost extreme reaching to 1.8 minutes of latitude or about 3.3 kilometres (2.1 mi) south of the equator , covers 1,285,216 km (496,225 sq mi) of western South America. It borders Ecuador and Colombia to the north, Brazil to the east, Bolivia to the southeast, Chile to the south, and the Pacific Ocean to the west. The Andes mountains run parallel to

4788-498: The War of the Pacific , which lasted until 1884. Bolivia invoked its alliance with Peru against Chile. The Peruvian Government tried to mediate the dispute by sending a diplomatic team to negotiate with the Chilean government, but the committee concluded that war was inevitable. Peruvian historiography is unanimous in maintaining that the deep cause of this war was Chile's ambition to take over

4914-523: The human rights violations committed in the last years of violence. His Programa Nacional de Población also resulted with the forced sterilization of at least 300,000 poor and indigenous women. In early 1995, once again Peru and Ecuador clashed in the Cenepa War , but in 1998 the governments of both nations signed a peace treaty that clearly demarcated the international boundary between them. In November 2000, Fujimori resigned from office and went into

5040-576: The national petroleum agency , Agência Nacional do Petróleo (ANP), responsible for the regulation and supervision of the petroleum industry, and the National Council of Energy Policies, a public agency responsible for developing public energy policy. In 1999, the National Petroleum Agency signed agreements with other companies, ending the company's monopoly. In 2000, Petrobras set a world record for oil exploration in deep waters, reaching

5166-682: The pre-Columbian Americas. The Spanish Empire conquered the region in the 16th century and Charles V established a viceroyalty with the official name of the Kingdom of Peru that encompassed most of its South American territories, with its capital in Lima . Higher education started in the Americas with the official establishment of the National University of San Marcos in Lima in 1551. Peru formally proclaimed independence from Spain in 1821, and following

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5292-686: The war of independence in North America , and Native uprisings all contributed to a favorable climate to the development of emancipation ideas among the C riollo population in South America. However, the Criollo oligarchy in Peru enjoyed privileges and remained loyal to the Spanish Crown. The liberation movement started in Argentina where autonomous juntas were created as a result of the loss of authority of

5418-642: The 1529 Capitulación de Toledo , which designated the newly encountered Inca Empire as the province of Peru. In 1561, the rebel Lope de Aguirre declared himself the "Prince" of an independent Peru, which was cut short by his arrest and execution. Under Spanish rule, the country adopted the denomination Viceroyalty of Peru , which became the Peruvian Republic from its independence until 1979 , when it adopted its current name of Republic of Peru . The earliest evidences of human presence in Peruvian territory have been dated to approximately 12,500 BCE in

5544-474: The 1860s Peru enjoyed a period of stability under the presidency of Ramón Castilla , through increased state revenues from guano exports. In 1864, a Spanish expedition occupied the Chincha Islands (guano producers) and unleashed an international incident with great consequences in Peruvian internal politics, which led to a coup d'état against President Juan Antonio Pezet , Mariano's government. Peru, with

5670-459: The 1990s. In 2006, Petrobras said that their industrial retort could process 260 tonnes/hour of oil shale. In 1994, Petrobras put the Petrobras 36 , the world's largest oil platform , into service. It sank after an explosion in 2001 and was a complete loss. In 1997, the government approved Law N.9.478, which broke Petrobras's monopoly and allowed competition in Brazil's oilfields, and also created

5796-422: The 20th century, Peru grappled with political and social instability, including the internal conflict between the state and guerrilla groups, interspersed with periods of economic growth. Implementation of Plan Verde shifted Peru towards neoliberal economics under the authoritarian rule of Alberto Fujimori and Vladimiro Montesinos in the 1990s, with the former's political ideology of Fujimorism leaving

5922-560: The Amazon. The largest lake in Peru , Lake Titicaca between Peru and Bolivia high in the Andes, is also the largest of South America. The largest reservoirs , all in the coastal region of Peru, are the Poechos , Tinajones, San Lorenzo, and El Fraile reservoirs. Although Peru is located entirely in the tropics , the combination of tropical latitude, mountain ranges, topography variations, and two ocean currents ( Humboldt and El Niño ) gives Peru

6048-526: The Atlantic Ocean. Both are delimited by the Andes mountain range. The Amazon basin is particularly noteworthy as it is the source of the Amazon River, which at 6872 km, is the longest river in the world, and covers 75% of Peruvian territory. Peru contains 4% of the planet's freshwater. Most Peruvian rivers originate in the peaks of the Andes and drain into one of three basins . Those that drain toward

6174-605: The Chimu flourished from about 1140 to 1450. Their capital was at Chan Chan outside of modern-day Trujillo . In the highlands, both the Tiahuanaco culture, near Lake Titicaca in both Peru and Bolivia, and the Wari culture, near the present-day city of Ayacucho , developed large urban settlements and wide-ranging state systems between 500 and 1000 CE. In the 15th century, the Incas emerged as

6300-615: The Devil, who was working "through them to frustrate" their foundations. It only took a generation to convert the population. They built churches in every city and replaced some of the Inca temples with churches, such as the Coricancha in the city of Cusco. The church employed the Inquisition , making use of torture to ensure that newly converted Catholics did not stray to other religions or beliefs, and monastery schools, educating girls, especially of

6426-572: The Fujimorist Congress. Beginning with Pedro Pablo Kuczynski , Congress used broadly interpreted impeachment wording in the 1993 Constitution of Peru that allowed impeachment of the president without cause to place pressure on the president, forcing him to resign in 2018 amid various controversies surrounding his administration. Vice president Martín Vizcarra then assumed office in March 2018 with generally favorable approval ratings as he led

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6552-592: The God of the Sun who ruled from a magnificently rebuilt Cusco. From 1438 to 1533, the Incas used a variety of methods, from conquest to peaceful assimilation, to incorporate a large portion of western South America, centered on the Andean mountain ranges, from southern Colombia to northern Chile, between the Pacific Ocean in the west and the Amazon rainforest in the east. The official language of

6678-708: The Grupo Copetrol, through its subsidiary Paraguay Energy. The agreement provides for the licensing for the exclusive use of the Petrobras brand by Nextar (the successor of Petrobras Paraguay Operaciones y Logística SRL) at that country’s service stations, for the initial term of five years. In February 2021, the company concluded the sale of entire stake in Petrobras Uruguay Distribución S.A. (PUDSA), by indirect subsidiary (Petrobras Uruguay Sociedad Anónima de Inversión -PUSAI), in Uruguay, to Mauruguay S.A., an indirect wholly-owned subsidiary of Disa Corporación Petrolífera S.A. (DISA). In January 2020, Petroleo Brasileiro stated that it ended all of its business in Africa after completing

6804-442: The Inca Emperor Atahualpa in the Battle of Cajamarca . After years of preliminary exploration and military conflicts, it was the first step in a long campaign that took decades of fighting but ended in Spanish victory and colonization of the region known as the Viceroyalty of Peru with its capital at Lima , which was then known as "La Ciudad de los Reyes" (The City of Kings). The conquest of Peru led to spin-off campaigns throughout

6930-416: The Inca nobility and upper class, "until they were old enough either to profess [to become a nun] or to leave the monastery and assume the role ('estado') in the Christian society that their fathers planned to erect" in Peru. Peruvian Catholicism follows the syncretism found in many Latin American countries, in which religious native rituals have been integrated with Christian celebrations. In this endeavor,

7056-400: The National Library ( in favor of knowledge), the approval of the National Anthem, and the abolition of the mita (in favor of the indigenous people). On December 27, 1821, San Martín created three ministries: Ministry of State and Foreign Affairs, committing Juan García del Río; Ministry of War and Navy , to Bernardo de Monteagudo; and Ministry of Finance, to Hipólito Unanue. From the 1840s to

7182-403: The Pacific Ocean are steep and short, flowing only intermittently. Tributaries of the Amazon River have a much larger flow, and are longer and less steep once they exit the sierra . Rivers that drain into Lake Titicaca are generally short and have a large flow. Peru's longest rivers are the Ucayali , the Marañón , the Putumayo , the Yavarí , the Huallaga , the Urubamba , the Mantaro , and

7308-404: The Pacific Ocean between 3,000 and 1,800 BCE. These early developments were followed by archaeological cultures that developed mostly around the coastal and Andean regions throughout Peru. The Cupisnique culture which flourished from around 1000 to 200 BCE along what is now Peru's Pacific coast was an example of early pre- Inca culture . The Chavín culture that developed from 1500 to 300 BCE

7434-423: The Pacific Ocean; they define the three regions traditionally used to describe the country geographically. The costa (coast), to the west, is a narrow, largely arid plain except for valleys created by seasonal rivers. The sierra (highlands) is the region of the Andes; it includes the Altiplano plateau as well as the highest peak of the country, the 6,768 m (22,205 ft) Huascarán . The third region

7560-406: The Pacific War. The casus belli was the confrontation between Bolivia and Chile over a tax problem in which Peru was compromised by the Treaty of Defensive Alliance signed with Bolivia in 1873. However, Peruvian historiography is unanimous in maintaining that the deep cause of This war was Chile's ambition to take over the nitrate and guano territories of southern Peru.92 In the first stage of the war,

7686-460: The Philippines. The commercial and population exchanges between Latin America and Asia undergone via the Manila Galleons transiting through Acapulco, had Callao at Peru as the furthest endpoint of the trade route in the Americas. In relation to this, Don Sebastian Hurtado de Corcuera , governor of Panama was also responsible for settling Zamboanga City in the Philippines by employing Peruvian soldiers and colonists. African slaves were added to

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7812-422: The Spanish government over its colonies. After fighting for the independence of the Viceroyalty of Rio de la Plata, José de San Martín created the Army of the Andes and crossed the Andes in 21 days. Once in Chile, he joined forces with Chilean army General Bernardo O'Higgins and liberated the country in the battles of Chacabuco and Maipú in 1818. On 7 September 1820, a fleet of eight warships arrived in

7938-420: The Treaty, and neither of the countries could determine the statutory framework. The War of the Pacific was the bloodiest war Peru has fought in. After the War of the Pacific, an extraordinary effort of rebuilding began. The government started to initiate a number of social and economic reforms to recover from the damage of the war. Political stability was achieved only in the early 1900s. Internal struggles after

8064-410: The US National Security Agency (NSA) had been spying on Petrobras. The information was based on a top secret NSA file provided to Guardian journalist Glenn Greenwald by Edward Snowden as part of the Global surveillance disclosures . The file showed that Petrobras was one of several targets for the NSA's Blackpearl program, which extricates data from private networks. Petrobras announced that it

8190-417: The Viceroyalty of Peru. Eventually, the viceroyalty would dissolve, as with much of the Spanish empire, when challenged by national independence movements at the beginning of the nineteenth century. These movements led to the formation of the majority of modern-day countries of South America in the territories that at one point or another had constituted the Viceroyalty of Peru. The conquest and colony brought

8316-562: The amount of R $ 132 million, as victim-beneficiary of the award-winning collaboration agreement signed between the Federal Prosecutor's Office and Rogério Santos de Araújo, before the Supreme Court. Petrobras's website notes several initiatives to preserve the environment. These include efforts to support both ocean and forest ecosystems. Most notably, Petrobras has sponsored population studies and conservation efforts for humpback whales in northeast Brazil. The company's efforts helped to rebuild Brazil's humpback whale populations from 2,000 in

8442-461: The anti-corruption constitutional referendum movement. The COVID-19 pandemic resulted with Peru experiencing the highest death rate from COVID-19 in the world, exposing much of the inequality that persisted since the Fujimori administration and triggering an economic crisis that led to Vizcara's removal from the presidency by Congress . Widely seen as a coup by Congress, its head, the newly seated President Manuel Merino , faced protests across

8568-535: The authorities – to a status equivalent to that of Spanish and established equal rights for natural children. Peru wished to free itself from any dependence and carried out a third-world foreign policy. The United States responded with commercial, economic and diplomatic pressure. In 1973 Peru seemed to triumph over the financial blockade imposed by Washington by negotiating a loan from the International Development Bank to finance its agricultural and mining development policy. The relations with Chile became very tense after

8694-502: The bombings of Tarata and Frecuencia Latina by Sendero Luminoso. Fujimori would also broaden the definition of terrorism in an effort to criminalize as many actions possible to persecute left-wing political opponents. Using the terruqueo , a fearmongering tactic that was used to accuse opponents of terrorism, Fujimori established a cult of personality by portraying himself as a hero and made left-wing ideologies an eternal enemy in Peru. Those incidents subsequently came to symbolize

8820-447: The boundary between those two countries. In a military coup on 29 October 1948, General Manuel A. Odría became president. Odría's presidency was known as the Ochenio . He came down hard on APRA, momentarily pleasing the oligarchy and all others on the right, but followed a populist course that won him great favor with the poor and lower classes. A thriving economy allowed him to indulge in expensive but crowd-pleasing social policies. At

8946-489: The church came to play an important role in the acculturation of the Natives, drawing them into the cultural orbit of the Spanish settlers. By the 18th century, declining silver production and economic diversification greatly diminished royal income. In response, the Crown enacted the Bourbon Reforms , a series of edicts that increased taxes and partitioned the Viceroyalty . The new laws provoked Túpac Amaru II's rebellion and other revolts, all of which were suppressed. As

9072-448: The command of Gregorio Escobedo. Because Peru was the stronghold of the Spanish government in South America, San Martín's strategy to liberate Peru was to use diplomacy. He sent representatives to Lima urging the Viceroy that Peru be granted independence, however, all negotiations proved unsuccessful. The Viceroy of Peru, Joaquín de la Pazuela named José de la Serna commander-in-chief of

9198-450: The company had 8,112.8 million barrels of oil equivalent (4.9633 × 10  GJ) of proved developed reserves and 4,599.7 million barrels of oil equivalent (2.8140 × 10  GJ) of proved undeveloped reserves in Brazil . Of these, 62.7% were located in the offshore Campos Basin . The largest growth prospect for the company is the Tupi oil field in the Santos Basin . In 2015,

9324-562: The company produced 2.284 million barrels of oil equivalent (13,970,000 GJ) per day, of which 89% was petroleum and 11% was natural gas . Reserves held outside of Brazil accounted for 8.4% of production in 2014. The majority of these reserves are in South America ; the company has assets in Bolivia and Colombia . The company also owns exploration blocks in the Gulf of Mexico ., in

9450-646: The company's founder, was sentenced to 19 years in prison after being convicted of paying more than $ 30 million in bribes to Petrobras executives. Eduardo Cunha , president of the Chamber of Deputies from 2015 to 2016, was convicted of taking approximately $ 40 million in bribes and hiding funds in secret bank accounts and sentenced to 15 years in prison. Protests broke out calling for the resignation or impeachment of President Rousseff . The most widespread of these occurred on 13 March 2016 in over 300 municipalities. Police estimates gave about 3.5 million protestors throughout

9576-448: The country in the 1570s with gold and silver mining as its main economic activity and Amerindian forced labor as its primary workforce. With the discovery of the great silver and gold lodes at Potosí (present-day Bolivia) and Huancavelica , the viceroyalty flourished as an important provider of mineral resources. Peruvian bullion provided revenue for the Spanish Crown and fueled a complex trade network that extended as far as Europe and

9702-579: The country, and after five days, Merino resigned from the presidency. Merino was replaced by President Francisco Sagasti , who led a provisional, centrist government, and enforced many of Vizcarra's former policies. Elections were held on 11 April 2021, and Pedro Castillo of the Free Peru party won the first round, followed closely by Keiko Fujimori, with right-wing parties allied with Fujimori maintaining positions in Congress. On 28 July 2021, Pedro Castillo

9828-456: The country. After the country experienced chronic inflation , the Peruvian sol was replaced by the inti in mid-1985, which itself was replaced by the nuevo sol in July 1991 (the new sol had a cumulative value of one billion old soles). At the end of the 1980s, the per capita annual income of Peruvians fell to $ 720 (below the level of 1960) and Peru's GDP dropped 20%, with national reserves running

9954-782: The country. Some of the protests were in areas previously thought of as strongholds of the Workers Party , of which Rousseff was the leader. The Bill and Melinda Gates Foundation sued Petrobras and its auditors, PriceWaterhouseCoopers as a result of the corruption scandal. In January 2018, Petrobras agreed to pay $ 2.95 billion to settle a U.S class action corruption lawsuit. Later in September 2018, Petrobras agreed to pay $ 853.2 million to settle with Brazilian and U.S. authorities. Petrobras settled with shareholder Vanguard Group in June 2017. On 1 February 2023 The company informs that received

10080-773: The coup d'état of the general Pinochet . General Edgardo Mercado Jarrin (Prime Minister and Commander-in-Chief of the Army) and Admiral Guillermo Faura Gaig (Minister of the Navy) both escaped assassination attempts within weeks of each other. In 1975 General Francisco Morales Bermúdez Cerruti seized power and broke with the policies of his predecessor. His regime occasionally participated in Operation Condor in collaboration with other American military dictatorships. President Alan García 's economic policies distanced Peru from international markets further, resulting in lower foreign investment in

10206-569: The decision was "not a reflection on the capacity to undertake deep-sea drilling or the prospect of activity of that area". He attributed the decision to a regrouping by the company after some setbacks. In July 2013, a worker strike action shut down production at several of the company's oil platforms. In September 2013, Petrobras sold eleven onshore exploration and production blocks in Colombia to Perenco for US$ 380 million. In September 2013 Organizações Globo reported on national television that

10332-500: The empire was Quechua , although hundreds of local languages and dialects were spoken. The Inca referred to their empire as Tawantinsuyu which can be translated as "The Four Regions" or "The Four United Provinces." Many local forms of worship persisted in the empire, most of them concerning local sacred Huacas , but the Inca leadership encouraged the worship of Inti , the sun god and imposed its sovereignty above other cults such as that of Pachamama . The Incas considered their King,

10458-510: The fifteenth century, when the pace of conquest began to accelerate, particularly under the rule of the emperor Pachacuti . Under his rule and that of his son, Topa Inca Yupanqui , the Incas came to control most of the Andean region, with a population of 9 to 16 million inhabitants under their rule. Pachacuti also promulgated a comprehensive code of laws to govern his far-flung empire, while consolidating his absolute temporal and spiritual authority as

10584-460: The first parliament was assembled. The newly founded Peruvian Congress named Bolívar dictator of Peru, giving him the power to organize the military. With the help of Antonio José de Sucre , they defeated the larger Spanish army in the Battle of Junín on 6 August 1824 and the decisive Battle of Ayacucho on 9 December of the same year, consolidating the independence of Peru and Upper Peru. Upper Peru

10710-653: The following three decades. A final peace treaty in 1929, signed between Peru and Chile called the Treaty of Lima , returned Tacna to Peru. Between 1932 and 1933, Peru was engulfed in a year-long war with Colombia over a territorial dispute involving the Amazonas Department and its capital Leticia . In 1941 Peru and Ecuador fought the Ecuadorian–Peruvian War , after which the Rio Protocol sought to formalize

10836-499: The fray and since then became Peru's greatest hero. Almost five years of war ended with the loss of the department of Tarapacá and the provinces of Tacna and Arica , in the Atacama region. Francisco Bolognesi and Miguel Grau are both renowned heros of the war. Originally Chile committed to a referendum for the cities of Arica and Tacna to be held years later, to self determine their national affiliation. However, Chile refused to apply

10962-520: The help of Bolivia , Chile and Ecuador , sent a declaration of war on Spain. After the battle of Callao on May 2, 1866, the Spanish Navy withdrew from Peru. The government of José Balta was lavish in infrastructure works (construction of the Central Railway ) although the first signs of excess government spending were already perceived. By the 1870s the guano resources had been depleted, the country

11088-479: The highlands near Cuzco. In the early 19th century, while most South American nations were swept by wars of independence , Peru remained a royalist stronghold. As the elite vacillated between emancipation and loyalty to the Spanish monarchy, independence was achieved only after the occupation by military campaigns of José de San Martín and Simón Bolívar . The economic crises, the loss of power of Spain in Europe,

11214-567: The investigation was to ascertain the extent of a money laundering scheme, estimated by the Regional Superintendent of the Federal Police of Paraná State in 2015 at R$ 6.4–42.8 billion (US$ 2–13 billion), largely through the embezzlement of Petrobras funds. The authorities issued over a thousand warrants against business figures and politicians. It also led to a wave of arrests. Fernando Soares, also known as "Fernando Baiano,"

11340-465: The labor population to expand the workforce. The expansion of a colonial administrative apparatus and bureaucracy paralleled the economic reorganization. With the conquest started the spread of Christianity in South America; most people were forcefully converted to Catholicism , with Spanish clerics believing like Puritan divines of English colonies later that the Native Peoples "had been corrupted by

11466-667: The longest histories of civilization of any country, tracing its heritage back to the 10th millennium BCE. Notable pre-colonial cultures and civilizations include the Caral–Supe civilization (the earliest civilization in the Americas and considered one of the cradles of civilization ), the Nazca culture , the Wari and Tiwanaku empires, the Kingdom of Cusco , and the Inca Empire , the largest known state in

11592-410: The loyalist army to protect Lima from the threatened invasion by San Martín. On 29 January, de la Serna organized a coup against de la Pazuela, which was recognized by Spain and he was named Viceroy of Peru. This internal power struggle contributed to the success of the liberating army. To avoid a military confrontation, San Martín met the newly appointed viceroy, José de la Serna, and proposed to create

11718-520: The mid-nineties to over 9,000 in 2008. Petrobras subscribes to the United Nations Global Compact , a voluntary agreement regarding human rights, working conditions , corruption , and the environment . In 2008, the Spanish consultancy firm Management and Excellence named Petrobras the world's most sustainable oil company. Peru Peru , officially the Republic of Peru ,

11844-421: The military campaigns of Bernardo O'Higgins , José de San Martín , and Simón Bolívar , as well as the decisive battle of Ayacucho , it completed its independence in 1824 . In the ensuing years, the country first suffered from political instability until a period of relative economic and political stability began due to the exploitation of guano that ended with the War of the Pacific (1879–1884). Throughout

11970-526: The military officers involved in Plan Verde to abide by the military's demands prior to Fujimori's inauguration. Fujimori would go on to adopt many of the policies outlined in Plan Verde, which led to a precitious drop in infliation from 7,650% at the start of 1990 to 139% in 1991 and 57% in 1992. When Fujimori faced opposition to his reform efforts, he dissolved Congress, suspending the judiciary, arresting several opposition leaders and assuming full powers in

12096-420: The more outstanding Chimu and Moche . The Moche, who reached their apogee in the first millennium CE, were renowned for their irrigation system which fertilized their arid terrain, their sophisticated ceramic pottery, their lofty buildings, and clever metalwork. The Chimu were the great city builders of pre-Inca civilization; as a loose confederation of walled cities scattered along the coast of northern Peru,

12222-495: The most rainfall in December, with 268.5 mm of average precipitation; and the least rainfall in July, with 5.5 mm of average precipitation. This geographical article relating to Minas Gerais is a stub . You can help Misplaced Pages by expanding it . Petrobras 22°54′34″S 43°10′45″W  /  22.9094°S 43.1793°W  / -22.9094; -43.1793 Petróleo Brasileiro S.A. , better known by and trading as

12348-451: The mountain region, which covers almost a third of the country, rain is frequent in summer, and temperature and humidity diminish with altitude up to the frozen peaks of the Andes. The Peruvian Amazon , covering more than half of the total area of Peru, is characterized by heavy rainfall and high temperatures, except for its southernmost part, which has cold winters and seasonal rainfall. Because of its varied geography and climate, Peru has

12474-418: The naval campaign, the Peruvian navy repelled the Chilean attack until October 8, 1879, the day in which the naval combat of Angamos was fought, where the Chilean navy with its ships Cochrane, Blanco Encalada, Loa and Covadonga cornered the monitor Huáscar, the main ship of the Peruvian navy commanded by Admiral AP Miguel Grau, who died in the fray and since then became Peru's greatest hero. In 1879 Peru entered

12600-442: The nitrate and guano territories of southern Peru and Bolivia. In the first stage of the war, the naval campaign, the Peruvian navy repelled the Chilean attack until October 8, 1879, the day in which the naval combat of Angamos was fought, where the Chilean navy with its ships Cochrane, Blanco Encalada, Loa and Covadonga cornered the monitor Huáscar , the main ship of the Peruvian navy, commanded by Admiral AP Miguel Grau, who died in

12726-466: The opposition-controlled legislature and create an "exceptional emergency government." In response, Congress quickly held an emergency session on the same day, during which it voted 101–6 (with 10 abstentions) to remove Castillo from office and replace him with Vice President Dina Boluarte . She became the country's first female president. Castillo was arrested after trying to flee to the Mexican embassy and

12852-536: The port of Paracas under the command of General José de San Martín and Thomas Cochrane , who was serving in the Chilean Navy. Immediately on 26 October, they took control of the town of Pisco . San Martín settled in Huacho on 12 November, where he established his headquarters while Cochrane sailed north and blockaded the port of Callao in Lima. At the same time in the north, Guayaquil was occupied by rebel forces under

12978-470: The portmanteau Petrobras ( Portuguese pronunciation: [ˌpɛtɾoˈbɾas, pet-] ), is a state-owned Brazilian multinational corporation in the petroleum industry headquartered in Rio de Janeiro , Brazil . The company's name translates to Brazilian Petroleum Corporation — Petrobras . The company was ranked #71 in the most recent Fortune Global 500 list. In the 2023 Forbes Global 2000 , Petrobras

13104-704: The reserves of these new fields varied widely. The P-51 Platform, the first semisubmersible platform built entirely in Brazil, capable of producing up to 180,000 barrels of oil per day, started production in the Campos Basin in January 2009, and in February 2009, China agreed to loan Petrobras US$ 10 billion in exchange for a supply of 60,000–100,000 barrels of oil per day to a subsidiary of Sinopec and 40,000-60,000 barrels of oil per day to PetroChina . In August 2009, Petrobras acquired ExxonMobil 's Esso assets in Chile for US$ 400 million. In September 2010, Petrobras completed

13230-637: The sale of a 50% stake in Petrobras Oil & Gas BV. The Brazilian government directly owns 54% of Petrobras' common shares with voting rights, while the Brazilian Development Bank and Brazil's Sovereign Wealth Fund (Fundo Soberano) each control 5%, bringing the State's direct and indirect ownership to 64%. The privately held shares are traded on B3 , where they are part of the Ibovespa index. It

13356-492: The same time, however, civil rights were severely restricted and corruption was rampant throughout his regime. Odría was succeeded by Manuel Prado Ugarteche . However, widespread allegations of fraud prompted the Peruvian military to depose Prado and install a military junta, via a coup d'état led by Ricardo Pérez Godoy . Godoy ran a short transitional government and held new elections in 1963, which were won by Fernando Belaúnde Terry who assumed presidency until 1968. Belaúnde

13482-501: The southeast of the country, to the tropical Amazon basin rainforest in the east with the Amazon River . Peru has a population of over 32 million, and its capital and largest city is Lima . At 1,285,216 km (496,225 sq mi), Peru is the 19th largest country in the world , and the third largest in South America . Peruvian territory was home to several cultures during the ancient and medieval periods, and has one of

13608-476: The split of the viceroyalty and the creation of new viceroyalties of New Granada and Rio de la Plata at the expense of the territories that formed the Viceroyalty of Peru ; this reduced the power, prominence and importance of Lima as the viceroyal capital and shifted the lucrative Andean trade to Buenos Aires and Bogotá , while the fall of the mining and textile production accelerated the progressive decay of

13734-620: The viceroyalty as well as expeditions towards the Amazon Basin as in the case of Spanish efforts to quell Amerindian resistance. The last Inca resistance was suppressed when the Spaniards annihilated the Neo-Inca State in Vilcabamba in 1572. The Indigenous population dramatically collapsed overwhelmingly due to epidemic diseases introduced by the Spanish as well as exploitation and socio-economic change. Viceroy Francisco de Toledo reorganized

13860-565: The war were followed by a period of stability under the Civilista Party , which lasted until the onset of the authoritarian regime of Augusto B. Leguía . The Great Depression caused the downfall of Leguía, renewed political turmoil, and the emergence of the American Popular Revolutionary Alliance (APRA). The rivalry between this organization and a coalition of the elite and the military defined Peruvian politics for

13986-457: The world's largest centers dedicated to energy research. In 1968, the company established Petrobras Quimica S.A ("Petroquisa"), a subsidiary focused on petrochemicals and the conversion of naphtha into ethene . Petrobras had begun processing oil shale in 1953, developing the Petrosix technology for extracting oil from oil shale. It began using an industrial-size retort to process shale in

14112-480: The world's most indebted oil company. By November 2015, the company had accumulated $ 128 billion in debt, 84% of it denominated in foreign currencies. In 2022, during the Presidency of Jair Bolsonaro under the administration of Caio Paes de Andrade , Petrobras achieved its highest net profit in history, totaling R$ 188.3 billion, distributing R$ 215.7 billion in dividends, making it the second largest dividend payer in

14238-501: The world. In summer 2023, Petrobras entered into a 5-year agreement with Weatherford International for providing intervention services offshore Brazil . As part of the cooperation, the US company will also provide digitalization of production using the Centro well construction optimization platform. Also in 2023, Petrobras announced the resumption of construction of a new production line at

14364-511: Was affected by the 1979 energy crisis , although not nearly as badly as in 1973. In 1997, Petrobras reached the production milestone of 1 million barrels (160,000 m ) per day. The company also executed agreements with other Latin American governments and began operations outside Brazil. In 2003, on its 50th anniversary, Petrobras surpassed 2 million barrels of oil equivalent (12,000,000 GJ) of daily production. On 1 May 2006, after

14490-423: Was charged with the crime of rebellion. The Boluarte government proved unpopular as she allied herself with the right-wing Congress and the military, betraying her constituents. This resentment led to the 2022–2023 Peruvian political protests , which sought the removal of Boluarte and Congress, immediate general elections and the writing of a new constitution. Authorities responded to the protests violently, with

14616-495: Was dogged by insurgent groups, most notably Shining Path, which carried out attacks across the country throughout the 1980s and 1990s. Fujimori cracked down on the insurgents and was successful in largely quelling them by the late 1990s, but the fight was marred by atrocities committed by both the Peruvian security forces and the insurgents: the Barrios Altos massacre and La Cantuta massacre by Government paramilitary groups, and

14742-663: Was forged during this period, as Bolivarian projects for a Latin American Confederation floundered and a union with Bolivia proved ephemeral. Simón Bolívar launched his campaign from the north, liberating the Viceroyalty of New Granada in the Battles of Carabobo in 1821 and Pichincha a year later. In July 1822, Bolívar and San Martín gathered in the Guayaquil Conference . Bolívar was left in charge of fully liberating Peru while San Martín retired from politics after

14868-543: Was heavily indebted, and political in-fighting was again on the rise. By 1859, some 41,000 Peruvians had died in the constant civil wars that shook the country since 1829. Thanks to the money from the sale of guano, Peru began to modernize with different public works such as railways; the civil and military bureaucracy grew; The indigenous people stopped paying tribute and the slaves achieved their freedom; The migration policy of Germans, Austrians, Irish and Italians began. On April 5, 1879, Chile declared war on Peru, unleashing

14994-473: Was investing R$ 21 billion over five years to improve its data security. In 2014, the company sold its assets in Peru to PetroChina for US$ 2.6 billion. Also in 2014, Petrobras set a new company record for average daily production of 2.863 million barrels of oil equivalent (17,520,000 GJ). In January 2017, the company concluded the sale of 100 percent of Petrobras Chile Distribuición Ltda (PCD) to

15120-519: Was later established as Bolivia. During the early years of the Republic, endemic struggles for power between military leaders caused political instability. Once independence was proclaimed, San Martín assumed military-political command of the free departments of Peru, under the title of Protector, according to a decree given on August 3, 1821. 74 The works of the Protectorate contributed to the creation of

15246-564: Was probably more of a religious than a political phenomenon, with their religious center in Chavín de Huantar . After the decline of the Chavin culture around the beginning of the 1st century CE, a series of localized and specialized cultures rose and fell, both on the coast and in the highlands, during the next thousand years. On the coast, these included the civilizations of the Paracas , Nazca , Wari , and

15372-493: Was ranked as the 58th-largest public company in the world. Petrobras was created in 1953 under the government of Brazilian president Getúlio Vargas with the slogan "The Oil is Ours" (Portuguese: "O petróleo é nosso"). It was given a legal monopoly in Brazil. In 1953, Brazil produced only 2,700 barrels of oil per day. In 1961, the company's REDUC refinery began operations near Rio de Janeiro, and in 1963, its Cenpes research center opened in Rio de Janeiro ; it remains one of

15498-479: Was recognized for his commitment to the democratic process. On 3 October 1968 another coup d'état led by a group of officers led by General Juan Velasco Alvarado brought the army to power with the aim of applying a doctrine of "social progress and integral development", nationalist and reformist, influenced by the CEPAL theses on dependence and underdevelopment. Six days after the golpe, Velasco proceeded to nationalize

15624-434: Was sworn in as the new president of Peru after a narrow win in a tightly contested run-off election. That same year, Peru celebrated the bicentenary of independence . Castillo faced multiple impeachment votes during his presidency from the right-wing controlled Congress and on 7 December 2022, just hours before Congress was set to begin a third impeachment effort , Castillo tried to prevent this by attempting to dissolve

15750-480: Was to be owned by those who cultivated it, and large landowners were expropriated. The only large properties allowed were cooperatives. Between 1969 and 1976, 325,000 families received land from the state with an average size of 73.6 acres (29.8 hectares). The "revolutionary government" also planned massive investments in education, elevated the Quechua language – spoken by nearly half the population but hitherto despised by

15876-580: Was written by Fujimori and his supporters without opposition participation. In spite of human rights progress since the time of insurgency, many problems are still visible and show the continued marginalization of those who suffered through the violence of the Peruvian conflict. A caretaker government presided over by Valentín Paniagua took on the responsibility of conducting new presidential and congressional elections. Afterwards Alejandro Toledo became president in 2001 to 2006. On 28 July 2006, former president Alan García became President of Peru after winning

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