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LatinNews Daily - 22 August 2025
In brief: Chevron joins Peruvian offshore oil project
*Peru’s government has approved a modification to the contract governing the Z-61, Z-62, and Z-63 offshore oil blocks to enable the involvement of US oil firm Chevron in exploration and production. Chevron will acquire a 35% stake in the project that it has purchased from another US-headquartered company, Anadarko. A statement from Peru’s mining and energy ministry said that “Chevron’s arrival is an example of the confidence that Peru inspires in the development of large energy projects and reaffirms the country’s potential to exploit new reserves of oil and natural gas”.
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