Energy
Petroperu Is Asking for Nearly $2 Billion in Government Support
This article is for subscribers only.
State-owned Petroleos del Peru SA is seeking nearly $2 billion in government support, its chairman said as the battered company runs out of cash.
The requested package outlined Thursday includes a capital injection worth $1.2 billion and the conversion of a $750 million government loan issued in 2022 into shares of the company.