Monday, March 20, 2006

Hunt Oil Quickly Bags State Investment Contract

La República reports today about how Hunt Oil Company was able to get the Peruvian Congress to approve in only 8 hours its contract to build the Camisea Gas Liquification Plant in la pampa de Santa Melchorita, en Cañete and furthermore how it took Hunt only 40 days to sign a US$ 290 million investment contract with ProInversion, Peru's Private Investment Promotion Agency.

The ProInversion Board consists of 7 ministers, one of whom is Peru's Prime Minister, Pedro Pablo Kuczynski, consultant to Hunt Oil and formerly on the board of TGP shareholder Tenaris. He also worked for the InterAmerican Development Bank which financed the Camisea pipeline.

Article in Spanish

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