The Directory of Petroleos del Peru – Petroperú SA agreed to update the investment cost of the New Talara Refinery (NRT) to US$5,538.52 million.
By means of a fact of high importance before the Superintendence of the Stock Market (SMV), Petroperú also confirmed the modification of the NRT’s 2023 Investment Budget, which will amount to S/2,457.31 million or US$623.68 for the present fiscal year. .
The previous investment cost of the NRT, approved at the session on July 27, 2022, was US$5.290 million. Already on March 24 of that same year, a first update had been given up to US$5,083 million, from US$4,999 expected in 2021.
Petroperú sources explained to The Republic that this new update responds to the rescheduling of the delivery of 100% of the production units, considered as contingencies in the gradual start-up process.
Other reasons that delayed the start of 100% commercial operation of the NRT were the arrival of the pandemic and the social protests at the beginning of 2023.
It is the final amount with which the project should be closedsince Petroperú is currently completing the tests of the last two units of the NRT (Fluidized Catalytic Cracking and Flexicoking) with a view to delivering the refinery complex at the beginning of September.
Talara refinery: terms and costs still reasonable
The updated amount of investment in the infrastructure of the NRT still conforms to the estimates of the specialized international consultant Arthur D. Littlewhich in 2017 he predicted would amount to US$5.4 billion.
It should be noted that the NRT start-up process is carried out in the same way in other refineries in the world with the same level of complexity. If the new deadlines are met, commercial delivery will be completed in 17 months (from April 2022), still within international standards.
The NRT is considered one of the most modern refineries in Latin America with a capacity to process up to 95,000 barrels of oil per day.
The complex has 16 process units and five packages of auxiliary units and complementary services, two liquid loading docks and 21 new storage tanks, positioning it as one of the most important deep conversion refineries in the region.
Source: Larepublica
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