The Regional Association of Oil, Gas and Biofuels Sector Companies in Latin America and the Caribbean (ARPEL) and the Peruvian Society of Hydrocarbons (SPH under its acronym in English) signed a memorandum of cooperation in order to promote the exchange of experiences related to the industry and the search for synergies in technical activities developed by both organizations.

Under this agreement, ARPEL and SPH undertake to carry out joint projects, reports, events and training courses on all issues relating to economic development, business excellence, sustainable environmental and social development, climate change and human capital, among others.

The SPH is a Peruvian non-profit civil association formed by Peruvian companies or foreign branches stationed in Peru, dedicated to the exploration and exploitation of hydrocarbons and having concessions for the pipeline transportation of hydrocarbons. Its mission is to promote the activities of its members and the implementation of programs and activities aimed at fostering a climate of trust between the State, communities and members for the development and growth of the national hydrocarbon industry, for the benefit of the country.