PERU CONTINUES TO PRESS PRIVATIZATION EFFORTS

Peru has again extended the deadline for bids on a 30 year operating contract for state owned Petromar SA's offshore Block Z-2b. The tender is key to efforts to privatize Petromar, a subsidiary of state oil company Petroleos del Peru. The committee charged with implementing Petromar privatization extended the deadline for bids another 70 days Oct. 30, following a 60 day extension made in September. The latest deadline for bids is Feb. 10, with the contract expected to be awarded Feb. 26. A

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