Lots in the northwest produce about 25% of the crude processed by the New Talara Refinery

Petroperú's participation in the operation of the northwest lots, whose contracts are about to expire and which are the natural supply market for the New Talara Refinery (NRT), will allow the company to continue with the vertical integration process, guaranteeing its sustainability, efficiently fulfilling its social commitment to supply quality fuels to all corners of the country.

This was stated by the Chairman of the Board of Directors of Petroperú, Pedro Chira Fernández, during his presentation at the fifth extraordinary session of the Energy and Mining Commission of the Congress of the Republic, held in the auditorium of the National University of Ucayali, in the city of Pucallpa.

Chira Fernández specified that Petroperú is prepared to participate in the operation of these blocks in production, as it has shown with Block I, where it has maintained optimal and sustained production of oil and natural gas from December 2021 to date. Likewise, he indicated that the company's participation in the tenders will be done within the legal framework in force in the country.

Petroperú's participation in the northwestern lots will ensure the supply of oil and natural gas to the NRT at an efficient cost that allows offering more competitive prices to the national market. In this sense, he specified that the NRT has been designed to refine 95,000 barrels per day of oil (MBPD), of which 25.5 MBPD are crude oil from the oil wells in the area that are connected to the refining complex and with which it covers about 25% of the total load.

He also reported that, in this last stage of gradual and progressive start-up, the NRT has been processing 65,000 barrels per day of diesel and gasoline, hoping to reach its full capacity in the coming weeks, after completing the commissioning of its two modern conversion plants and deep conversion.

He noted that the full operation of the NRT will contribute to improving the financial situation of the company. He specified that, according to the projected financial indicators, an EBITDA of US$450 million will be obtained in 2023 and US$521 million in 2024, due to the increase in refining margins.

Supply for the Ucayali region

The president of Petroperú also informed about the fuel supply in Pucallpa, through its sales plant that will be modernized and relocated to meet the sustained demand in the area.