Pluspetrol Reaches Deal With Peruvian Indigenous Protestors

Pluspetrol, an Argentine oil company, will resume pumping 50,000 barrels a day of oil after reaching agreement with Achuar Indians in Peru, who blocked company installations for 13 days to complain about environmental damage. Pluspetrol agreed to pay $12.4 million for a local health plan and contribute $1.2 million a year towards building a local airport. The Peruvian government also promised the Achuar 5 percent of the money from an oil-funded regional development plan.