Awards and Acknoledgements
Mar-29-2019
PETROPERU awarded for successful syndicated loan for financing of New Talara Refinery
PETROPERU awarded for successful syndicated loan for financing of New Talara Refinery

PETROPERU received the Latin American Downstream Oil & Gas Transaction of the Year Award for the syndicated loan of US $ 1,300 million guarantee CESCE of Spain for partial financing of the Talara Refinery Modernization Project (PMRT). The nomination was proposed by the HSBC bank and the award was granted by the IJGlobal Project Finance & Infrastructure Journal on March 14 in New York.

IJGlobal is a globally recognized institution as a source of information and analysis of infrastructure and energy projects and their financing structures. This award annually awards the best financial operations within the infrastructure and energy sector in the continent.

The selection of the winning operations is carried out through a rigorous process of application and evaluation by four regional panels of judges and market references, as well as the rankings of progress and annual achievements of the participating institutions of the chosen project.

This operation is the largest financed by CESCE in its history, and the operation with the guarantee of an ECA (Export Credit Agency) is the largest disbursed in Peru, to date.

As part of the Peruvian State, PETROPERU has a responsible and transparent business management, is the main agent of the country in the hydrocarbons sector and is among the largest economic players in Peru.

Thanks to the integral management of the company under the highest international standards, PETROPERU has obtained the recognition of the international financial market, obtaining very favorable interest rates for its financing, both for the issuance of bonds for US $ 2 billion in the international financial market, in June 2017, as for the disbursement of the syndicated loan with CESCE guarantee, in November 2018.

PETROPERU is developing the PMRT, with the backing of its own assets, as part of the global process to adapt fuel processing to the new environmental standards.

NP-073