PERU SIGNS E&D PACTS WITH PRIVATE FIRMS

Petroleos del Peru has marked further progress on exploration and development in Peru by private foreign and domestic companies. The state oil company at yearend 1991 signed agreements with a unit of International Petroleum Corp. (IPC), Vancouver, B.C., a combine of Peruvian firms Cavelcas del Peru and Geopet Asociadas SA, and VG Exploracion-Produccion SA. The agreements came only a few weeks after Petroperu settled a long dispute with Occidental Petroleum Corp., which accounts for half the

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