The Puinahua district, located in Loreto, already officially has its development fund thanks to the operation of Lot 95, which is in the hands of the company Petrotal.
This was possible after the Ministry of Energy and Mines (Minem) published yesterday its creation through a supreme decree in the newspaper El Peruano.
“This Development Fund, to which Petrotal contributes 2.5% of the value of its controlled oil production –provided that the operation and transportation of its production in the district are not paralyzed due to social protests– will allow the financing of social development projects (infrastructure basic and productive) and interventions that will benefit the 18 towns of the Puinahua district and will guarantee the post-oil life of the producing district, where the Bretaña Norte Field is located”, specified the operating company of Block 95.
The creation of the aforementioned fund was officially established after the Perupetro and Petrotal boards of directors approved a modification in the Lot 95 contract in December in order to allow the incorporation of the Fund with the objective of “raising the quality of life and promoting the development of the district”.
