Peru to auction oil and gas parcels
Published May 6th, 2008
Peru will auction 17 parcels for petroleum prospecting starting on Tuesday, with the hope of capturing some $800 million of exploration investment, the government said on Monday.
The lots are located throughout the country, along the Pacific Ocean and in the mountains. Eight jungle tracks will be bid off, Ronald Egusquiza, the president of the state-run Perupetro, told reporters.
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