October 15, 2019 / 5:24 PM / a month ago

Petroperu seeks $1.5 billion state funds to complete expansion of Talara refinery: president

LIMA (Reuters) - Peruvian state-owned oil firm Petroperú is seeking as much as $1.5 billion of government funding to complete expansion of its Talara refinery, the company’s president Carlos Paredes said at a press conference on Tuesday.

Paredes said the funds - $1 billion rolling over previously issued bonds and $500 million in “fresh” financing - would help the facility start operation in the first quarter of 2021.

Reporting by Marco Aquino; Writing by Adam Jourdan

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