Peru Eyes Splitting $6 Billion Refinery From State Oil Firm

A pump jack at an oil lot connected to the Petroleos del Peru SA Talara refinery in Piura, Peru. — A pump jack at an oil lot connected to the Petroleos del Peru SA Talara refinery in Piura, Peru.
Photographer: Sebastian Castaneda/Bloomberg

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By Marcelo Rochabrun

January 1, 2026 at 4:09 PM UTC

Updated on

January 2, 2026 at 2:20 PM UTC

Peru’s government is exploring splitting the assets of its ailing state-owned oil company, including a new multibillion-dollar refinery that is generating losses.

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