Petroperú signs Talara loan

Petroperú signs Talara loan

Loans Project & Infrastructure Finance Peru

Petroperú said it has signed a 10-year, $1.3bn loan with 13 international banks to finance renovations to the Talara oil refinery in northwestern Peru. The loan, backed by the Spanish export credit agency CESCE, carries an interest rate of 3.96%, but Petroperú does not have to make payments until six months after it reopens the refinery, now scheduled for 2021. The state-owned oil company has now covered 85% of the $5bn in estimated costs for the Talara project, Petroperú said in a securities fi

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