PERUVIAN PROJECTS, PRIVATIZATION PROCEEDING

Petroleos del Peru is forging ahead on several fronts despite Peru's political turmoil and uncertainty over where government ordered privatization will take it. The state oil company: Is expected to sign contracts soon related to development of Chambira oil field in the northern jungle. Let contract to a group of Peruvian and Brazilian companies for construction of an oil terminal at Talara on the Pacific coast.

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