HERE ARE PROVISIONS OF PERU'S NEW OIL AND GAS LAW

Here are the main points of Peru's new oil and gas law: It eliminates all monopolies held by Petroleos del Peru and its subsidiaries in conventional oil and gas operations. Private local and foreign companies now can market and import oil and gas as well as participate in refining and petrochemical operations. Petroperu's monopoly on workovers and secondary and tertiary enhanced recovery operations also is ended. An autonomous presidential oil and gas tariffs commission will set

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