HALT ORDERED FOR PART OF PETROPERU MONOPOLY

Peru's government has ended state oil company Petroleos del Peru's monopoly on downstream operations as well as imports and exports of oil and gas. The action by the administration of President Alberto Fujimori affects refining, marketing, and distribution of oil and gas in addition to exports and imports. In addition, the government has moved to untangle the approval process for foreign investment in Peru's upstream sector. Fujimori, who assumed the presidency in July 1990, has

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