Peru demands $4.5 billion in compensation over Spain's Repsol oil spill

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Peru demands $4.5 billion in compensation over Spain's Repsol oil spill
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Peru brings legal charges against Spanish energy company Repsol over disastrous oil spill that destroyed its coast, seeks $4.5 billion in compensation

Peru has filed suit against Spanish energy company Repsol over the massive January oil spill that ravaged its coast, seeking $4.5 billion in damages.

"These suits could create precedents for oil spills that cause damage and collective non-material damages due to environmental pollution of coastal areas," said Julian Palacin, executive director of the National Institute for the Defense of Competition and Protection of Intellectual Property , in a statement released late Friday.

The spill occurred on January 15 while the Italian-flagged tanker "Mare Doricum" was unloading crude oil at the Repsol-owned La Pampilla refinery in Ventanilla, 30 kilometers north of Lima.

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