Peru To Issue Up To $3B In Bonds To Finance State-Run Oil Firm

Reuters

LIMA, April 18 (Reuters) - Peru is expecting to issue up to $3 billion in bonds in the international market in the first half of 2017 to finance Petroperu, Energy and Mining Minister Gonzalo Tamayo said on Tuesday.

The funds would be used to help modernize the state-run oil firm, Tamayo said at a presentation. The government wants to update Peru's biggest oil refinery Talara, which will need an estimated $5.4 billion investment.

(Reporting by Marco Aquino; Editing by Chris Reese)

Copyright 2017 Thomson Reuters. Click for Restrictions.

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