Panama Announces Oil Tender

©image: NatalieMaynor

Panama's energy secretary, Juan Manuel Urriola, added that studies on the existence of oil, which are 60% completed, have revealed favorable results. Mainly, in the area of Azuero, Bocas del Toro and Darien.

"During an interview in Telemetro morning news, Urriola stressed that "we as a country will be the administrators, we will have royalties, we will have a percentage of production for our national consumption and, of course, companies will have to pay taxes," Prensa.com reported.

Source: prensa.com.pa

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