CEL Seeking Consultant to Study Offshore Oil Deposits

El Salvador's state power company CEL plans to hire a consultant to study possible oil deposits some 60 nautical miles (111km) off the country's coast, local press quoted CEL president Nicolas Salume as saying.

The consultant would also draft bidding rules for an international tender to explore the area, said Salume.

Two US and Brazilian companies have expressed interest in carrying out exploration works, he said.

Additional details were not immediately available from CEL when contacted by BNamericas.

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