SK Group plans to invest US$3bn in Peru's petrochemicals sector, subject to winning the natural gas supply tender launched by Argentina oil firm Pluspetrol, which heads the Camisea consortium. If SK is to go ahead with the project, it is estimated to be completed by 2015 and the additional added value is forecast to be US$13 bln a year, equivalent to 6% of Peru's GDP. The investment is also likely to result in the manufacturing sector's contribution to GDP rising from 15% to 22%.
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