Lima, May 11, 2026 (AFP) - Peru backs $2 billion loan request by ailing oil company

NAMPA / AFP

2026-05-11

Peru's government approved on Monday a bid by state-owned oil company Petroperu to request up to $2 billion in loans from international lenders in order to maintain the country's fuel supplies. Petroperu, which transports, refines and sells oil and its derivatives, has been struggling financially for several years. In recent years it sought to boost its refining company with a modernization of its Talara refinery, but the project ran over $1 bill......

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