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Bullboard - Stock Discussion Forum Petrotal Corp PTALF


Primary Symbol: T.TAL

PetroTal Corp. is an oil and gas development and production company focused on the development of oil assets in Peru. The Company is engaged in the exploration, appraisal and development of oil and natural gas in Peru, South America. Its flagship asset is its 100% working interest in Bretana oil field in Peru's Block 95. Through its two subsidiaries, the Company is engaged in the ongoing... see more

TSX:TAL - Post Discussion

Petrotal Corp > Indefinite Amazon strike keeps natives in oil facilities
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Post by BryStockGuy on Oct 25, 2021 11:34pm

Indefinite Amazon strike keeps natives in oil facilities

Updated on 10/23/2021 12:38 pm
Loreto: indefinite Amazon strike keeps natives in oil facilities
After 20 days, they still remain in blocks 95, 67, 198 and in station 5. Jos Fachn, main advisor to the native federations of the oil corridor, asks for a dialogue with the government.

The indigenous communities of Loreto, affected by oil activity, have been undergoing an indefinite strike since October 4 and will not allow oil extraction in their territory until their demands are resolved, while they remain in the facilities of lots 95, 67, 198 and station 5 of the North Peruvian pipeline. This was stated by Jos Fachn, principal advisor to the native federations of the oil corridor.

“The oil community has to paralyze until discussing the new terms for the future and guarantees . In this sense, all the oil blocks have been paralyzed, including lot 192, lot 8, 167, 95 and in the main pumping station station 5 ″ , declared Fachn in RPP.
The leader pointed out that they have been in the process of dialogue for 15 years and have not resolved the problem. “Within all this discussion, we have already been talking with the State for approximately 15 years in this process of dialogue to which previous governments have not been able to resolve. There was a lot of disability. They only dedicated themselves to politically persecuting, stigmatizing the process of defending the peoples, persecuting the leaders. They killed three indigenous brothers, 19 wounded by gunshots. We have widows and orphans, ”he said.

Fachn indicated that "in the face of this we have a new government that has to have the height to be able to solve and demonstrate that it can solve this problem . "

“The populations are not opposing in this part, in these specific lots. What it demands is a guarantee of the rights so that the oil activity is developed respecting certain standards, ”he said.

The leader said that they are looking for a political debate. “What we require is that this government, which we have supported, discuss politically the future of oil activity because, as it is, the maintenance of this activity is unsustainable. We are talking about laws from the 60s that have not been able to be improved and we are also talking about accumulated impacts and accumulated lawsuits that have not been able to solve it, "he said .

https://gestion.pe/peru/loreto-paro-amazonico-indefinido-mantiene-a-nativos-en-instalaciones-petroleras-nndc-noticia/
Comment by Bean_and_Dunn on Oct 27, 2021 10:11am
To my knowledge Petrotal has acted very responsibly toward the local population. They have built a dock to help the people travel and transport food, clothing and various physical improvements. They have installed solar panels to generate electricity. I have not heard of any spills by Petrotal. I do not know how valid the native claims are. Does any one know if there is a factual basis in these ...more  
Comment by Bean_and_Dunn on Oct 27, 2021 3:08pm
I did a little digging and WOW! It seems there is much cause for concern, read this:  https://news.mongabay.com/2020/10/more-than-470-oil-spills-in-the-peruvian-amazon-since-2000-report/
Comment by Bean_and_Dunn on Oct 27, 2021 3:41pm
https://www.reuters.com/article/us-peru-oil-spill-idUSKCN1NX2LK
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