January 14, 2014
Petroperu is heard to be raising $500m as part of larger financing package
Petroperu is heard to be raising $500m as part of larger financing package to upgrade its Talara refinery. The 5-year deal is expected to close this quarter, and is heard to be led by DB, Mizuho, JPMorgan and Scotia. The Talara refinery upgrade is set to cost around $3.5bn. The Peruvian government indicated in December it was renewing efforts to privatize up to 49% of the oil producer.