Petroperu Seeking $1.5 Billion to Complete Expansion of Talara Refinery

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)