Petroperu taps at high cash price to fund refinery project

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Petroperu taps at high cash price to fund refinery project

Oliver West
February 04, 2021 11:30 PM
Carlos Barrientos, Petroperu, LatAm, 575, Peru, oil, gas, refinery, CEO
Carlos Barrientos Gonzales, Chairman of Petroperu, gives statements to foreign press correspondents accredited in Peru. Petroleos del Peru S.A. (Petroperu) is a Peruvian state-owned petroleum company which activities include transport, refinery and commercialization of fuel and other oil derivatives. | Carlos Garcia Granthon/Zuma Press/PA Images

Peruvian government-owned oil company Petroperu clinched most of the remaining financing of the long-awaited modernisation of its Talara refinery on Thursday, opting to reopen bonds first issued three years ago at a high dollar price rather than place a new benchmark.

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Oliver West
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