Peru Authorizes $2 Billion New Emergency Loan for Petroperu

The Petroperu Talara refinery in Piura, Peru. — The Petroperu Talara refinery in Piura, Peru.
Photographer: Sebastian Castaneda/Bloomberg

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By Carla Samon Ros

May 11, 2026 at 1:29 PM UTC

Updated on

May 11, 2026 at 3:10 PM UTC

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The Peruvian government on Monday authorized Petroperu to take on private loans in order to alleviate the liquidity crisis at the ailing state-owned oil firm.