LIMA, Peru—Peru suspended on Wednesday an auction of nine offshore hydrocarbon concessions planned for this week, the latest setback for the government as it looks to attract investments to the sector in order to reverse a decadeslong decline in oil production.
Government licensing agency Perupetro said in a statement it decided to suspend the auction after receiving requests for “substantial modifications” to the terms of…
Read this article: Peru Suspends Auction of Offshore Hydrocarbon Concessions
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