PetroTal announces arrangement with Petroperu; oil sales contract terms extended to 3 years

HOUSTON: PetroTal Corp. has entered into an arrangement with Petroperu S.A. The arrangement will result in the Company’s liability to Petroperu in relation to the recent oil price movements being payable over a three year period, rather than at the point of sale of the oil. The arrangement has been structured to minimize the impact…