LIMA (Reuters) - Lawmakers in Peru reversed course on state-owned Petroperu's role in upstream businesses and voted on Thursday to remove a legal barrier that kept it from taking control of the country's biggest oil block.
The populist turn comes as Petroperu supporters in the Amazonian city of Iquitos continued protests against the government's recent decision to grant Pacific Exploration and Production Corp a two-year service contract to keep oil flowing from block 192 after a 30-year concession failed to draw any bids in an auction last month.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
