RE:Note from another forum
This issue will be settle in short order. The Peruvian government, Petroperu, the area community, the refinery, shippers, oil workers, buyers, an outstanding agreement accepted by everyone, and $7 million dollars Petrotal has put into trust holding up their end of the agreement are all lined up against a small group of law breakers.
There is a new law and order president just took over. Expect government authorities to intervene in short order as the longer it is delayed the longer revenue flow into government coffers stops.
In the meantime, oil will go into storage that is gaining in value as the price of oil is starting to rebound now (money in the bank so to say). As soon as things are cleared up the back log can be cleared up with a surge in shipping.