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Occidental Peru oil deal eyed to lift output and finance aid
Occidental Petroleum and Peru ink an in principle accord to expand exploration over 20 million jungle acres and mix heavy crude with Oreidental output to push production toward 100000 barrels per day next year. The plan, tied to Petroperu, aims to boost Peru’s export capacity and ease a grave financial crisis as IMF and lenders negotiate support.
MENTIONED IN THIS ARTICLE
BIMA
Perd
Occidental Petroleum Co
Fiznt
Hammer
Francisco Morales Bermudes
Union
Oreidental
Oxy
Peru
Harmer
Occidental
Protexa
Petropert
Petroperu
Alberto Brice
Muse
Pert
International Monetary Fund