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6/7/13

Petrobras (PBR) pulling out of Peru

Reuters has the exclusive story here. This report is the first official print story of rumblings that have gone around Peru for a while, with the main problem being Petrobras's (PBR) overspending in Brazil (subsalt, anyone?) more than a sudden disdain for doing business in its neighbour country. Still, nice scoop for Reuters, go read.