February 7, 2020 |
Peru's state-owned oil company Petroperú has not decided how to raise $800 million in financing to complete renovations to the Talara refinery, but it could consider sale and leaseback agreements for some assets, said a source familiar with the company's plans.
"The private placement sale of 10 to 15% of the company to foreign investors seemed to be the likeliest for a while, but now the company is going back and analyzing its options," the source said. "The bond issuance is still on the table,
Peru's state-owned oil company could issue bonds or sell assets with leaseback agreements to finance renovations to the Talara refinery