PERU STEPS UP PUSH TO ATTRACT OIL INVESTMENT

Peru's government is stepping up efforts to attract more foreign investment in its oil and gas sector. Since taking over in July 1990, the government of President Alberto Fujimori has taken a number of steps to privatize the oil sector, improve the fiscal regime for oil investment, and streamline regulations on oil and gas investment. In the most dramatic step, the Fujimori administration ended state oil company Petroleos del Peru's monopoly on downstream operations as well as imports

Dec 9th, 1991
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