(Energy Analytics Institute, Layla Benitez-James, 1.Apr.2015) – Petroperú will not participate in the licenses contracts for the exploitation of hydrocarbons in Lotes III and IV.
The company decided not to participate in the contracts since the minimum investment demanded by the partner Graña y Montero was 30%, reported the daily newspaper La Republica.
Additionally, a letter from Graña y Montero stipulated that Petroperú pay $5 million upon signing of a decree and 25% of another $15 million during May-December of this year.
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