February 6, 2017 / 11:35 PM / a year ago

Peru says Petroperu may sell bonds this year for refinery work

LIMA, Feb 6 (Reuters) - Peru’s state-owned energy company Petroperu might sell an “important” amount of bonds this year to help finance the $3.5 billion expansion of its Talara refinery, the energy and mines minister said on Monday.

Energy and Mines Minister Gonzalo Tamayo told a press conference that a bond issuance would lower costs and extend the deadline for paying off debt for the project, which would also be financed through loans. (Reporting By Mitra Taj; Editing by Chris Reese)

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