BPZ Res. Inc. (fka BPZRQ)

[disk88]

I don't like the fact that the new president of Perupetro was an executive
for BPZ in Peru.

Hydrocarbons in the territorry that comprehends the Peruvian nation belong to the Peruvian goverment according to the Law No 26221.
According to article 8 of this law 26221 the Peruvian Goverment surrenders
to Petroperu(that is a private company) the rights to establish contracts
with energy corporations to explore and produce in oil and gas activities
in the way of concessions that are contracts between two private peruvian
corporations : Perupetro and the Subsidiary of a foreign company.
The contract is legalized by a Peruvian Notary and registraded under Peruvian Laws and The Nation Archives.

So I hope that as Peruman published the minimun required for an oil company
to engage in concessions with Perupetro is three years.