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Emerging MarketsEM LatAm

Petroperu taps at high cash price to fund refinery project

Carlos Barrientos, Petroperu, LatAm, 575, Peru, oil, gas, refinery, CEO

Peruvian government-owned oil company Petroperu clinched most of the remaining financing of the long-awaited modernisation of its Talara refinery on Thursday, opting to reopen bonds first issued three years ago at a high dollar price rather than place a new benchmark.

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