Peru: congress approves law, allows privatization of up to 49 percent of Petroperu

reuters.com reported that Peru’s Congress passed a law on Thursday allowing the privatization of up to 49 percent of state-run energy firm Petroperu, part of a government plan to expand national refining capacity. The new law, fast-tracked by President Ollanta Humala as a key step toward his goal of boosting domestic energy production, opens the door to the first injection of private capital into Petroperu since its formation some 40 years ago. Read Article