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International

Oil firm loses $200,000 a day due to severed pipeline

December 04, 2018 Reprints

Canadian oil company Frontera Energy Corp. has stopped production at Peru's largest oilfield in Loreto after a pipeline was severed by indigenous protesters, Reuters reported. Petroleos del Peru Petroperu S.A. said that the disruption could cause an estimated $200,000 in losses per day.

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Oil firm loses $200,000 a day due to severed pipeline

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