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South American neighbors Peru and Ecuador are on the road to opening their oil industries to more private investment.
Both are finding the process as rocky as a path over the Andes.
In Peru, for example, about 2,000 unionized Petroperu workers walked off their jobs for 2 days this month to protest the coming privatization.
Peru plans next January to sell a 60% interest in each of its two biggest refineries, the 62,000 b/d Talara plant and the 105,000 b/d La Pampilla refinery at Lima. About two dozen potential bidders have expressed interest.
Later, Peru plans to sell 60% of its Block 8 and Block 10 oil fields, a …