Paraguayan government to auction for oil and gas projects

Sep 03, 2001 02:00 AM

The Paraguayan government will auction for oil and gas exploration, research, development and production. Government authorities said that the licensing will be conditioned to the creation of a company in Paraguay.
The government still has to come up with a regulation concerning the monthly royalties that will be paid by the future oil and gas operator.

Source: Diario ABC/SABI
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