PERU TO POST OIL PRODUCTION INCREASE IN 1994

Peru's crude oil production will rise by 5% this year, according to a forecast by Perupetro. The state owned company, formerly Petroperu, estimates Peruvian crude production will rise to 132,000 b/d from 126,300 b/d in 1993 and 115,600 b/d in 1992. Most of the increase in Peru's oil production will come from northern jungle fields operated by Occidental Petroleum Corp.

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