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Cafta environmental authorities to review Perenco oil contract in Guatemala

Tuesday, March 29, 2011

Cafta’s environmental authorities have recommended an inquiry into the extension of an oil contract in Guatemala.

The extension, granted to Anglo-French company Perenco, was to drill in the Laguna del Tigre protected area.

Memeber coiuntries of Cafta will have to decide on whether to hold and inquiry. Perenco has been involved in Guatemala since 2001, when it bought the development rights from Basic Resources.

Original source (in Spanish): Prensa Libre